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Canada's Middle Market  M&A Update

Canada's Middle Market M&A Update – Q1 2024

Canadian M&A transactions increased to 370 in Q1 2024, up slightly from 368 in Q4 2023. The industrials and materials sectors led the way in Q1 with 87 and 74 transactions respectively. Healthcare also saw a significant 60.9 percent increase in transaction volume — with 37 deals in Q1 2024 compared to 23 in Q4 2023.

Deal activity has remained subdued due to elevated interest rates. The past three quarters have sat comfortably below the 16-quarter median of 457 transactions.

The M&A market is poised to heat up through the remainder of 2024 amid expectations that rates will soon fall, and private equity firms face pressure to deploy excess cash.

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Middle Market M&A Update

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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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 expert 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.