Zachary Andersen, Dominic Levesque, Maxime Dumont and Xavier Hébert-Couturier founded Picketa Systems secured $1.4M seed funding led by New Brunswick Innovation Foundation with participation of Tall Grass Ventures, Desjardins Capital, Koan Capital Corp., Conexus Venture Capital, East Valley Ventures, Startup TNT.
Interfor to acquire from Kilmer Group 100% of equity interest in Chaleur Forest Products (comprising Chaleur Sawmills and Fornebu Lumber entities) in New Brunswick for $325M.
McCain Foods acquired Kruiningen, Netherlands based Scelta Products from founders Jos Koster and Wilco Boone. Scelta Mushrooms, cofounder of Scelta Products, will solely focus on its mushroom business going forward.
Daniella Degrace, Adrian Phinney, and Micah Peterson founded ProcedureFlow secured $11.8M financing led by Canadian Business Growth Fund (CBGF) with participation of Sandpiper Ventures, BUILD Ventures, BDC Capital, Innovatia, New Brunswick Innovation Foundation (NBIF), and ProcedureFlow employees.
SeaFort Capital owned Jardine Transport Group acquired K&T Transport Ltd. from owner Konstantin Timofeev.
McCain Foods Limited acquired the predictive crop intelligence portfolio from Resson Aerospace Corporation. Resson's team that currently manages the predictive crop intelligence portfolio will join McCain and become the nucleus of a newly formed business unit.
Ryan Groom and Duncan McSporran founded and Yan Simard led Kognitiv Spark raised $4.7M from Foresight Group LLP and Williams Advanced Engineering's Foresight Williams Technology Fund and The New Brunswick Innovation Foundation (NBIF).
Postmedia Network Canada to acquire Brunswick News Inc. from J. D. Irving, Limited for $7.5M in cash and $8.6M in 4,095,238 variable voting shares. Upon conversion, J. D. Irving could become the largest voting shareholder.
Alongside raised $8M in equity and debt financing led by 500 Global with participation from New Brunswick Innovation Foundation (NBIF), Sparkland Capital, Gerry Pond, Bob Justason, LongShot Capital, Leslie MaGee, Jim English, Mike Tilley. TD Bank Group provided debt financing.
TrojAI secured $3M seed funding from Flying Fish Partners, Build Ventures, Techstars, Concrete Ventures, New Brunswick Innovation Foundation (NBIF)
New York City based Sonrai Security Inc. secured US $50M Series C led by ISTARI with participation from existing investors Menlo Ventures, Polaris Partners, TenEleven Ventures, New Brunswick Innovation Fund (NBIF).
Stonepeak Infrastructure Partners backed Xplornet Communications Inc. closed US $1.195B debt financing arranged by Credit Suisse and including BMO Capital Markets, Barclays, Natixis Canada, Morgan Stanley
Smart Skin Technologies secured $10.7M Series C funding from BDC Capital, SCHOTT AG, Mariner's East Valley Ventures, New Brunswick Innovation Foundation and others. BDC's Joseph Regan will join Smart Skin board of directors.
District Ventures Capital invested undisclosed amount in Curtis Kennedy's Vertiball