Business Moves: April 2026

First Capital sold for $9.4B

First Capital REIT has entered into a definitive agreement to be acquired by KingSett Capital and Choice Properties REIT in a transaction valued at approximately $9.4 billion, including the assumption of debt. The deal will result in the division of First Capital’s extensive Canadian real estate holdings between the two purchasers. Choice Properties is set to acquire a $5-billion portfolio consisting primarily of necessity-based neighbourhood shopping centres. KingSett Capital will acquire the remaining $4.4 billion in assets, which include high-street retail properties and First Capital’s development pipeline.

KPMG Canada Launches Infrastructure Delivery Hub

KPMG Canada has launched a Major Projects Delivery Office (MPDO) to support the country’s ambitious infrastructure agenda. The new hub enables KPMG to assemble multidisciplinary teams for complex projects, leveraging over 280 infrastructure professionals across Canada. The MPDO offers executive program establishment, strategic delivery advisory, and staff augmentation services, helping clients establish governance structures, build realistic budgets, and manage large-scale infrastructure initiatives amid Canada’s $115.2 billion five-year infrastructure investment plan.

QXO plans historic acquisition of TopBuild

Building products powerhouse QXO, Inc. is set to become one of the largest players in the North American construction supply chain after announcing a definitive agreement to acquire TopBuild Corp. for approximately $23.29 billion. Upon completion, the combined entity will be the second-largest publicly traded building products distributor on the continent, boasting pro-forma annual revenue of more than $24.66 billion. The combined company will operate 1,150 locations across 50 U.S. states and seven Canadian provinces, supported by a workforce of 28,000 employees and a fleet of 10,000 vehicles.

McElhanney Revamps Technical Service Group

McElhanney has launched a revamped Technical Service Group (TSG) program, marking an exciting expansion of its service offerings. The TSG program represents the company’s commitment to delivering enhanced technical expertise and specialized solutions to its clients. This initiative underscores McElhanney’s dedication to innovation and strengthening its competitive position in the professional services sector.

Trimble Boosts AI Capabilities with Document Crunch Acquisition

Trimble has acquired Document Crunch, integrating AI-powered risk management and document compliance capabilities into its Trimble Construction One platform. The acquisition enables customers to identify and mitigate project risks including payment disputes and notification failures, strengthening Trimble’s comprehensive project delivery ecosystem for construction professionals.

Carbon Upcycling Secures $10M for Sustainable Cement

Carbon Upcycling has secured $10 million in financing from ATEL Ventures to advance its clean cement manufacturing technology. The funding will support the company’s efforts to develop and scale sustainable cement production methods that reduce carbon emissions. This investment reflects growing industry momentum toward environmentally responsible construction materials and positions Carbon Upcycling as a key player in the transition toward low-carbon infrastructure solutions.

Atlas Receives Funding for Canada’s First Robotic Truss Plant

Atlas Engineered Products has secured up to $4 million in non-repayable funding from the Investments in Forest Industry Transformation program to support construction and equipment procurement for its robotics truss manufacturing facility in Clinton, Ontario. Once completed, the facility will be Canada’s first of its kind, adopting proven European and international technology to increase manufacturing capacity, reduce lumber waste, and enhance precision in roof truss production. Installation is expected to be finalized by the end of Q2.

Glenview Homes Launches U.S. Expansion in Houston

Glenview Homes, an Ottawa-based residential real estate company established in 1966, is expanding into the U.S. market with operations launching in the Greater Houston area. Blake Roberts, a homebuilding executive with extensive Texas experience, has joined the company as it enters its initial U.S. formation phase, with plans to transition into a full-time role as President, Texas. Glenview Homes will bring its signature “Start with More” philosophy—emphasizing quality construction, thoughtful design, and customer-first values—to its Texas operations.

VINCI Expands Engineering Portfolio via Technigaz Acquisition

VINCI, a global construction and concessions leader, has acquired Technigaz, a specialized provider of technical solutions for the construction industry. This strategic acquisition strengthens VINCI’s capabilities in delivering innovative engineering and technical services to support complex infrastructure and building projects. The move expands VINCI’s service portfolio and reinforces its position as a comprehensive solutions provider in the global construction market.

Deloitte Advises on West Coast Machinery Divestiture

Deloitte Corporate Finance has advised Headwater Equity Partners on the divestiture of West Coast Machinery Inc. (WCM) to PFM Capital Inc. and BDC Capital (Canada). WCM, a leading Canadian provider of custom service truck bodies and hydraulic excavator attachments, experienced significant growth under Headwater’s ownership through organic expansion and strategic acquisitions. The transaction marks the company’s transition to its next chapter with support from a comprehensive team of advisors and stakeholders.

TK Elevator and KONE Announce Strategic Merger

TK Elevator has announced plans to combine with KONE, marking a significant milestone in the elevator and escalator industry. Led by CEO Uday Yadav, the company has successfully executed a strategic turnaround that positions it for growth alongside KONE, creating a powerful player in urban mobility solutions.

Alliance REIT Targets Toronto’s Missing Middle’ Housing

Alliance REIT has launched a targeted acquisition initiative to expand its portfolio of “missing middle” housing across Toronto. The REIT transforms underutilized properties—such as century-old single-family and mixed-use buildings—into boutique multi-unit residences. With over a decade of experience converting 30+ properties into hundreds of units, Alliance maintains near-full occupancy while addressing Toronto’s structural shortage of high-quality, attainable rental housing in transit-oriented neighbourhoods.

RE/MAX and Real Form Tech-Enabled Brokerage Giant

RE/MAX has announced a combination with Real, the fastest-growing major public real estate brokerage, creating a leading tech-enabled global real estate platform. The acquisition brings together two complementary business models, uniting Real’s AI-powered, high-growth brokerage platform, proprietary software and vibrant agent community with REMAX’s real estate brand and expansive global franchise network with a presence in more than 120 countries and territories and more than 145,000 agents.

AtkinsRéalis Expands in AMEA with WGA Acquisition

AtkinsRéalis Group Inc. has entered into a scheme implementation deed to acquire Wallbridge Gilbert Aztec (WGA), a leading Australian and New Zealand engineering consultancy. The acquisition strengthens AtkinsRéalis’ presence in the AMEA region by adding WGA’s 800 professionals and deepening capabilities across infrastructure, defence, and renewables sectors. WGA gains access to AtkinsRéalis’ global systems and technical expertise while maintaining its regional identity and client relationships. The transaction is subject to WGA shareholder approval and regulatory clearances.