Canada's Middle Market M&A Update
Canada's Middle Market M&A Update – Q2 2024
Canadian M&A transactions increased to 395 this quarter, up slightly from 386 in Q1 2024. The materials and industrials sectors led the way in Q2 with 115 and 86 transactions respectively. Healthcare saw a decrease in M&A activity — with 28 deals in Q2 2024 compared to 39 deals in Q1 2024.
The recent interest rate cut by the Bank of Canada has positively impacted M&A activity, and it is poised to increase in 2024 as rates are expected to continue to decline.
Additionally, the increase to the capital gains tax inclusion rate stimulated M&A activity for small businesses in Q2 2024. This is expected to carry forward through 2025 as small business owners that implemented tax planning measures to preserve the historical inclusion rate seek transaction opportunities.
MNP Corporate Finance Services
MNP Corporate Finance is a leader in providing transaction advisory services and is committed to helping Canadian companies reach their full potential. Whether it’s assistance in selling your company, financing to fund your growth strategy, due diligence on an impending transaction, or other M&A activity — you require innovative and effective corporate finance solutions tailored to your specific needs.
With offices strategically located across Canada, our professionals bring a wealth of experience, expertise and integrity to every transaction. We strive to understand your unique needs while delivering customized strategies to help you achieve your business goals.
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Middle Market M&A Update
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Contact Our Corporate Finance Team
Brett Franklin CPA, CA
President, MNP Corporate Finance
Brett Franklin, CPA, CA, is President, MNP Corporate Finance Inc. Based in Winnipeg, Brett develops and implements creative business strategies for clients in all industry sectors and in all stages of the business life cycle.
Brett’s primary role is facilitating the sale of companies, but he also provides support with business acquisitions, corporate restructuring and transactional due diligence.
With a diverse background in financial services, including banking, private equity, hedge funds and structured investment products, Brett has the knowledge and ability to resolve challenging financial issues and develop practical solutions to even the most difficult problems. He is adept at guiding clients at any level of the organization, helping them understand complex situations and providing professional business strategy advice.
Prior to joining MNP, Brett was Director of Hedge Fund Administration at UBS AG in the Cayman Islands. He holds the Chartered Professional Accountant (CPA) designation, qualifying as a Chartered Accountant (CA) in 2001, and a Master of Accountancy degree from the University of Manitoba. In his free time, Brett coaches minor hockey and baseball.