Top Canada Private Equity Funds with Recent Private M&A Activity

Active Firms

531

TTM Deal Inquiries

$4M-$17M

Core Revenue Range

$1M-$4M

Core EBITDA Range

Top Sectors by Activity

Industrials 32%

Technology 22%

Business Services 14%

Healthcare 14%

Transportation 6%

Key Attributes

Focus: Control Investments | Capital Source: Committed Capital | Operating Approach: Scale & Exit

CM (Canada) Asset Management Co., Ltd.

3 Total Closed Deals

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CM Partners is a leading private equity firm that invests in profitable, well-managed, small to medium-sized businesses in Canada and the US. Since our founding in 2017, we have invested over $150 million of equity capital. CM Partners is currently investing its second fund with over $200 million of committed capital. We provide buyout as well as growth equity to help our partners achieve next-level growth. We look for opportunities in five sectors: Business Services, Consumer, Industrial, Technology, and Leisure & Real Estate. In addition to capital, we bring operating…

Recent Transactions

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Oct 2021 Acquired Ballard Consignment
Aug 2018 Acquired Haro Thurlow Partnership
Jul 2017 Acquired Grouse Mountain Resorts

Acasta Capital

3 Total Closed Deals

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Acasta Capital is a boutique merchant bank and advisory firm formed to bring together individuals with unique experiences and track records to create greater value for clients and partners based on inventive and do-able ideas. Being free of the conflicts and limitations too common in the advisory sector, our business model is founded on the principle of aligned interests with clients and partners. We provide advice on transformational change, mergers and acquisitions, financial restructurings, capital structure, investor activism and strategy.

Recent Transactions

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Jan 2017 Acquired Stellwagen Group
Jan 2017 Acquired Jempak
Jan 2017 Acquired Apollo

Bedford Capital

1 Total Closed Deal

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We are currently investing Fund IV, backed by institutional investors and Bedford principals. Our investment strategy is to invest alongside management in established companies that are leaders in their respective markets. We look carefully at the following attributes:Established cash positive business, possessing a sustainable competitive advantage and proprietary products or services with proven market acceptance. Strong core management team with a significant financial commitment and willingness to partner with Bedford in an open and productive manner to build value. Important market…

Recent Transactions

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Dec 2009 Acquired Champion Petfoods

Nesta Holding Co.

1 Total Closed Deal

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Nesta.Co is a private equity firm focused on the U.S. Cannabis industry.Nesta was founded by Chuck Rifici, the co-founder of Canopy Growth Corp. (CGC:TSX) the largest medicinal marijuana grow operation in North America.

Recent Transactions

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Dec 2015 Acquired One Web Services

Instar Asset Management

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Toronto-based private equity firm that specializes in mid-market investments in essential infrastructure and scalable businesses across North America. We focus on sectors that provide critical products and solutions to communities.

Recent Transactions

This member has no reported closed transactions.

Export Development Canada

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Who are we?Export Development Canada is Canada's export credit agency. Our job is to support and develop Canada's export trade by helping Canadian companies respond to international business opportunities. We are a self-financing, Crown corporation that operates at arm's length from the Government. EDC Investments is an evergreen investment group with approximately $2 billion in committed and invested capital that invests independently or in partnership with other investors under standard industry terms, conditions and return expectations. By taking minority equity positions in Canadian SMEs…

Recent Transactions

This member has no reported closed transactions.

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Fortuna Investment

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Fortuna Investments is a US-based venture capital firm that specializes in investing in high-growth sectors, including space technology. With a stage-agnostic approach, the firm targets emerging and frontier technologies that are crucial to America's global competitiveness. Fortuna Investments operates globally, maintaining offices in major cities such as Miami, New York, Los Angeles, Midland (Texas), and Vancouver. The firm is committed to pioneering industries, focusing on technology, energy, infrastructure, and women's professional sports, with a notable emphasis on space investments.…

Recent Transactions

This member has no reported closed transactions.

Ziegel Advisors Inc.

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Former investment banker working with private investors to buy companies within any sector, preferably with some real estate holdings (head office, factories, etc.). Wide range of investors looking to scale quality businesses, either in a JV partnership or through full acquisition.

Recent Transactions

This member has no reported closed transactions.

Duke Capital

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Duke provides an alternative finance solution for companies and has backed a number of MBOs, shareholder restructurings and buy-and-build platforms. The firm offers non-dilutive patient capital that enables owners to receive the investment they need to focus on their long-term goals without giving up control. Duke seeks to add value to its partner companies by leveraging its experience and associated network of relationships. The firm has deployed over $400 million in capital and has invested in 23 companies over the last eight years. Duke currently has 14 portfolio companies with indirect…

Recent Transactions

This member has no reported closed transactions.

Wessex Capital Partners Limited

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At Wessex, we build industry-leading architecture, design and engineering services practices through aligned interests, professional expertise and global growth. Wessex Capital Partners makes growth equity investments in established architecture, design and engineering services practices. We operate as a strategic partner with our portfolio firms, providing capital, resources and opportunities for them to build leading global brands.Each of our investments is structured to achieve an alignment of interests between Wessex and operating management. We believe that a shared vision for…

Recent Transactions

This member has no reported closed transactions.

Smithwood Capital

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Smithwood Capital specializes in acquiring and operating established businesses. With a focus on lower/mid-sized companies, they target sectors such as B2B, industrial, and services. Their investment strategy emphasizes value-added growth, providing a thoughtful and seamless transition for business owners. Smithwood Capital is committed to enhancing the value of their portfolio companies through strategic partnerships and operational improvements, ensuring sustainable growth and success in the competitive market.

Recent Transactions

This member has no reported closed transactions.

Persistence Capital Partners

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Persistence Capital Partners (PCP) is a private equity fund dedicated to high-growth opportunities within the healthcare sector. As Canada's only private equity firm with an exclusive focus on healthcare, PCP invests in entrepreneur-driven, growth-oriented healthcare businesses that generate revenue and earnings. With over 30 years of experience, the firm leverages its sector expertise and network to partner with experienced management teams, offering unique growth opportunities for its portfolio companies. PCP's investment strategy includes sectors like life sciences, dental, and cosmetic…

Recent Transactions

This member has no reported closed transactions.

Queen Street Partners

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Queen Street Partners is a private investment firm focused on small to medium sized acquisitions. We partner with exceptional companies seeking the next stage of growth. Post acquisition, we work closely with our portfolio companies to drive measurable value for all stakeholders.

Recent Transactions

This member has no reported closed transactions.

Alcorn Partners

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Alcorn partners acquires and operates enduringly profitable businesses and partners with remarkable entrepreneurs to create long-term value.Alcorn Partners was founded by people who share a passion for building and investing in small-and-mid sized businesses, and who bring decades of diverse experiences and a unique approach. Our team has invested in and operated more than a dozen small-and-mid sized businesses across a variety of industries including aerospace, health care, real estate, manufacturing, industrial supplies, consumer products, services, and retail. Alcorn sits at the…

Recent Transactions

This member has no reported closed transactions.

Paisley Lyon Capital, Inc.

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Paisley Lyon Consulting is a specialized firm focusing on mergers and acquisitions, offering strategic growth solutions to build enduring legacies for businesses. With expertise in navigating complex transactions, they assist companies in achieving their growth objectives through carefully planned and executed M&A activities. Their approach is centered on creating lasting value and ensuring the long-term success of their clients' ventures.

Recent Transactions

This member has no reported closed transactions.

Beehive Capital

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Toronto based private equity firm founded by investment professional with extensive management consulting background. The firm is focused on investments in lower middle market education, healthcare and technology businesses.

Recent Transactions

This member has no reported closed transactions.

Longbow Capital

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Longbow Capital is a Canadian investment manager focused on investing in energy, power, industrials, and technology; since its founding in 1997, Longbow has been a long-term strategic partner and an engaged and effective shareholder in over 150 high-growth investments. Longbow is currently investing out of Energy Transition Fund II, which closed in July 2025, and has approximately $364 million of committed capital from leading institutional and family office investors.

Recent Transactions

This member has no reported closed transactions.

TACY Group

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Tacy Group is an advisory and private investment firm that specializes in guiding leaders through strategic transformations and acquiring established Canadian businesses. With a focus on modernizing small and medium-sized enterprises, Tacy Group leverages its expertise to drive growth and innovation within its portfolio. The firm is committed to enhancing business operations and leadership capabilities, ensuring sustainable success for its investments.

Recent Transactions

This member has no reported closed transactions.

Omnigence Asset Management

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Omnigence Asset Management is a multi-strategy alternative investment firm managing over $1 billion in assets. The company focuses on private equity and farmland investments, leveraging data science and business intelligence technology to enhance its investment strategies and drive portfolio returns. Established in 2007, Omnigence has positioned itself as a market leader in using continuous improvement methodologies to optimize its operations and investment outcomes. With a significant presence in Canada, Omnigence operates from offices in Toronto, Calgary, and Montreal, employing…

Recent Transactions

This member has no reported closed transactions.

Newlook Capital

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We're a middle market private equity fund. We are looking for industrial service businesses with a recurring revenue base. We look for businesses within Canada and the United States. We are currently on our third fund

Recent Transactions

This member has no reported closed transactions.

Firms in the Canada Private Equity Funds directory are ordered based on recent deal activity on Axial. The default order reflects observed market signals rather than a subjective ranking of firm quality.

Each profile provides information about the firm’s areas of focus, transaction criteria, and relevant activity on Axial’s M&A platform. Together, these details provide a clearer view of where a firm is active and the types of companies and opportunities most relevant for it.

Based on activity on Axial’s M&A platform, the core revenue range for Canada Private Equity Funds is $4M-$17M, with a core EBITDA range of $1M-$4M. Company size can be an important indicator of fit, as firms often concentrate their experience, resources, and transaction activity within particular segments of the market.

Location can be an important consideration, but it does not necessarily define where a firm is active. Firms based in Canada may bring regional knowledge, local relationships, and experience with businesses in the area, while many also pursue opportunities across a broader geographic footprint. Geography is best considered alongside sector focus, company size, and relevant transaction activity.

Not necessarily. A firm’s location does not always define its geographic reach. Many Private Equity Funds based in Canada are active across multiple regions, while firms based elsewhere may also participate in the Canada market. Location can provide useful context, but it should not be interpreted as a firm’s geographic boundary.

When comparing Private Equity Funds in Canada, consider factors such as sector focus, size range, and recent transaction activity. These characteristics vary across the 43 firms included in the directory and can help identify firms that align with your needs.

Axial can help you identify and connect with firms based on your objectives and what you are looking to accomplish. The process varies depending on your role and transaction needs. If you are interested in connecting with firms in the Canada Private Equity Funds directory, you can request information here.

Top Canada Private Equity Funds

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