Top Canada Search Funds with Recent Private M&A Activity

117

Active Firms

1,041

TTM Deal Inquiries

$4M-$16M

Core Revenue Range

$1M-$4M

Core EBITDA Range

Top Sectors by Activity

Industrials 40%

Technology 15%

Business Services 11%

Healthcare 9%

Transportation 8%

Key Attributes

Focus: Acquiring One Business | Capital Source: Investor-Backed or Self-Funded | Operating Approach: Stewardship & Growth

Mont Vista Partners

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Mont Vista Partners is a privately-held, entrepreneurial investment firm seeking to acquire and actively manage a small to medium-sized business. Based in Toronto, Mont Vista Partners will acquire a business anywhere in Canada or the U.S. and will assume the day-to-day operational responsibilities of the business. We make controlling investments in profitable companies with annual revenues of $5 to $30 million.Investment FocusMont Vista Partners is interested in acquiring a single, high-quality services-based company. We are long-term investors and plan to actively manage the acquired…

Recent Transactions

This member has no reported closed transactions.

CSEBeard Consutancy Inc.

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With over 30 plus years in hospitality, I specialize in rescuing, developing and growing small to medium-sized restaurants through strategic development and hands-on support. Based in Toronto, Canada.

Recent Transactions

This member has no reported closed transactions.

HierSales

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I’m a search fund CEO looking to purchase an MSP in Quebec or Ontario. Minimum EBITDA of $1M with revenue between $5M and $30M. For more details, please consult : https://novastone-ca.com/searcher/karim-kuperhause/

Recent Transactions

This member has no reported closed transactions.

Haralin Capital

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Former McKinsey and INSEAD alumni raising a traditional search fund out of Montreal Canada. Filled 40% of cap table, with notable investors being Gestalt Capital and Vonzeo Capital. Current search hypothesis targets the medical device and lab equipment distribution business across Canada and US.

Recent Transactions

This member has no reported closed transactions.

PGT Strategic Advisors

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Fundless Sponsor looking to acquire a B2B or consumer services asset in Ontario or BC. ideal acquisition candidate has EBITDA between 3 and 5 million and 70%+ recurring revenue. I will be taking control of the business (vs hiring a GM) post acquisition

Recent Transactions

This member has no reported closed transactions.

Odyssey GP Inc.

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We are an executive-led search and acquisition fund backed by Novastone Capital Advisors (NCA). Together, we are aiming to acquire SMEs in Canada, specifically within the logistics, fulfillment, last mile, or tech sectors. Fund founded and led by Abed Shaheen, former CEO of InfoFort, an acquired SME, who led the company from its early stages to an industry leader in 14 countries and its 10X exit to Iron Mountain through scale, growth, geographical expansion, and M&A.

Recent Transactions

This member has no reported closed transactions.

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Etho Partners

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Etho Partners specializes in the thoughtful acquisition and long-term stewardship of small to medium-sized businesses.We partner with owners seeking retirement or a change in direction and ensure a smooth transition that protects the business’s legacy, people, and performance.Target Acquisition Criteria:• Established, consistently profitable businesses with 10+ years of operating history• Strong fundamentals, including solid teams, systems, and customer relationships• Financial profile: EBITDA of $750K–$2M and revenue of $3M–$10M• Team: Prefer a strong second-in-command or…

Recent Transactions

This member has no reported closed transactions.

Succession Capital

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Succession Capital's mission is to find, buy and operate small-to-medium sized businesses for many years to come. We're looking to partner with owners who are ready to transition out of day-to-day operations, and who want to entrust their legacy to local entrepreneurs who are committed for the long-term.

Recent Transactions

This member has no reported closed transactions.

FlyCap Succession Capital

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FlyCap Succession Capital is run by Richard Gotlieb, a seasoned entrepreneur with extensive operational experience dedicated to one sole purpose: To acquire and operate a single small to midsize business. In addition to his own capital, Richard is backed by a group of high-net-worth entrepreneurs who have successfully grown numerous small and mid-size businesses. As opposed to conventional private equity acquirers, FlyCap's focus is on long-term stewardship of your business. We aim to maintain and enhance its reputation, and ensure sustained growth and development opportunities for your…

Recent Transactions

This member has no reported closed transactions.

Reir Investments

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Reir Investments acquires and grows stable Canadian SMBs in essential services. Backed by founder with 18+ yrs of M&A and principal investments experience incl. turnaround of a large industrial platform.

Recent Transactions

This member has no reported closed transactions.

4166706420

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Serial entreprenuer who has recently exited a public crypto exchange (CoinSmart -> WonderFi -> Robinhood). Looking for my next venture in fintech, gaming or similar industries. I have capital to deploy for the right opportunity.

Recent Transactions

This member has no reported closed transactions.

Trusted Financial

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The company is focused on investment in private markets and alternative investment strategies, including mutual funds and ETFs. It also covers exchange-traded products and risk management. However, specific details about the company's operations, such as the number of employees or portfolio companies, are not publicly available. The company is associated with a Microsoft account, which connects all Microsoft apps and services, but further details about its primary office or contact information are not accessible from the provided data.

Recent Transactions

This member has no reported closed transactions.

Xestu Capital

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Xestu Capital was founded with the mission to invest, operate and sustainability grow outstanding Canadian businesses.We seek to acquire a service-based business in Canada or the US. We're looking for a company that meets most of the following criteria.

Recent Transactions

This member has no reported closed transactions.

1000844944 Ontario Inc.

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Exited Founder | Operator-Buyer Seeking Business Services Acquisition | Cash in Hand. About Me: I'm an exited founder looking to acquire and operate a business services company. My last company was a B2B SaaS platform I built and ran for over a decade before selling it in 2024. I know what it takes to grow a business from the inside.I'm not a PE fund or a search fund. I'm a hands-on operator with liquidity from my exit, buying a business to own and run.What I Bring: I've been on both sides of the M&A table. As a buyer, I've acquired companies to scale my last business. As a seller, I've…

Recent Transactions

This member has no reported closed transactions.

Vert Capital Partners

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Vert Capital is a Search fund in partnership with Novastone Capital Advisors. Brooks Bergreen has 15 years of experience in operating, M&A, and raising capital. I have partnered with a Swiss group (Novastone) and have committed capital of up to 60M EV. I am primarily looking at light manufacturing businesses in BC and AB, and opportunistically in Eastern Canada and WA state (PNW). Also interested in Consumer Brands, Technology Companies, and Business Services.

Recent Transactions

This member has no reported closed transactions.

Montagne Holdings Inc.

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Tom & Zara have been searching for a business since May 2024. We have lived in the Regina, SK area for the last 9 years, and in Sherwood Park, AB prior to that. Ideally, we need a business which can operate in SK or be remotely run from SK. We may be open to something in AB or BC if it met all other criteria perfectly. Zara has 15+ years of experience in management finance, admin and consulting with a focus on small manufacturing or distribution businesses including turnaround situations, as well as 10+ years in the agricultural & commercial real estate…

Recent Transactions

This member has no reported closed transactions.

Origin Management Inc.

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I am an self-funded buyer looking to acquire a B2B company in Ontario, Canada with $500,000-$1,000,000 of EBITDA. My target verticals are electrical services, mechanical services, recycling and waste management, and water resource management, which align with the structural trends I analyzed while in investment research. My career spans 15 years in investment research and corporate strategy in multiple markets (US, Europe, Canada). My core expertise is in analyzing macro, industry, and company dynamics, identifying the most relevant opportunities and risks a company faces, and outlining a…

Recent Transactions

This member has no reported closed transactions.

Galineer Capital Partners

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We acquire strong, profitable businesses from hardworking Canadians who’ve invested their lives building their dreams. We focus on companies in traditional industries that offer compelling opportunities for growth and improvement through technology.‍We form real relationships with owners based on shared values and work with them to achieve fair deal terms, ensuring alignment of goals for the company and its employees.‍From there, our team of proven operators work tirelessly to build upon the legacy the owners established, leading their business into the next phase of its journey through…

Recent Transactions

This member has no reported closed transactions.

Allevar Partners

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Our Search Fund acquires and operates lower middle market businesses in Canada and USA. We're actively exploring opportunities primarily, but not exclusively, in Supply Chain and Manufacturing.

Recent Transactions

This member has no reported closed transactions.

Zoom Books

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We operate a high-volume e-commerce and processing business handling over 50 million products annually, generating $40M+ in revenue. With a strong team and infrastructure in place, we're now looking to acquire a bolt-on or standalone business we can actively grow. We focus on companies with strong cash flow, recurring revenue, and long-term upside.

Recent Transactions

This member has no reported closed transactions.

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Firms in the Canada Search 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 Search Funds is $4M-$16M, 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 Search 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 Search Funds in Canada, consider factors such as sector focus, size range, and recent transaction activity. These characteristics vary across the 117 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 Search Funds directory, you can request information here.

Top Canada Search Funds

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