Biggest B.C. (non-mining) mergers and acquisitions of 2019

 

Ranked by size of the deal in CAD

Published April 6, 2020. Sources: Interviews with companies below, agents and/or advisers and BIV research. Foreign currency has been converted using Bank of Canada's closing rate on date of deal announcement. NP = Not provided

Scroll to the end to download the list, as well as versions from previous years. One of two lists that make up the Top 100 Corporate Finance Deals of 2019; see also biggest stock and debt deals of 2019.

For mining M&As, see biggest B.C. mining mergers and acquisitions of 2019

Rank '20 Acquiring company Target company Date deal announced/closed Deal description Primary law firms involved Partial list of financial agents and advisers involved Deal value in CAD
1

WorleyParsons Ltd
ASX:WOR
worleyparsons.com

Jacobs Engineering Group Inc
NYSE:J
jacobs.com

October 23, 2018
April 26, 2019

WorleyParsons Ltd acquired Jacobs Engineering Group Inc’s energy, chemicals and resources division for US$3.2 billion

Blake, Cassels & Graydon LLP (WorleyParsons)

NP

$4.45 billion

2

Pure Multi-Family REIT LP
TSX:RUF.U, RUF.UN, RUF.DB.U
puremultifamily.com

Cortland Partners LLC
TSX:RUF.U, RUF.UN, RUF.DB.U
cortland.com

NP
September 27, 2019

Cortland Partners LLC acquired Pure Multi-Family REIT LP for US$1.2 billion

Farris LLP, Koffman Kalef LLP (Pure); King & Spalding LLP, McCarthy Tétrault LLP (Cortland)

NP

$1.59 billion

3

Axium Infrastructure Inc and Manufacturers Life Insurance Co
TSX:MFC
axiuminfra.com, manulife.ca

AltaGas Ltd
TSX:ALA
altagas.ca

December 13, 2018
January 31, 2019

Axium Infrastructure Inc and Manufacturers Life Insurance Co acquired AltaGas Ltd for $1.4 billion

Davies, Ward Phillips & Vineberg LLP (Axium and Manulife)

NP

$1.4 billion

4

Columbia Basin Trust and Columbia Power Corp
columbiapower.org, ourtrust.org

Fortis Inc
TSX, NYSE:FTS
fortisinc.com

January 28, 2019
April 16, 2019

Columbia Power Corp and Columbia Basin Trust acquired the Waneta Expansion hydroelectric power project for $1 billion from Fortis Inc

Norton Rose Fulbright Canada LLP (CPC and CBT); Davies, Ward Phillips & Vineberg LLP (Fortis Inc)

TD Securities Inc, DCF Consulting (Trust and Columbia Power)

$991 million

5

Telus Corp
TSX:T
telus.com

ADT Security Services Canada Inc
TSX-V:ADT
adt.ca

NP
November 5, 2019

Telus Corp purchased ADT Security Services Canada Inc for $700 million

Stikeman Elliott (Telus)

NP

$700 million

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