Business Moves: July, 2025

Canderel acquires Taligent

Canderel, one of Canada’s largest property managers and developers, has acquired Taligent, a building technology infrastructure and systems integration consulting leader. The strategic acquisition enhances Canderel’s ability to deliver technology-forward solutions across its national portfolio, adding expertise in smart building integration, multimedia systems, IT networks, and digital infrastructure. Taligent’s approximately 50 employees will continue operating under their existing brand while benefiting from Canderel’s scale and multidisciplinary capabilities, strengthening the company’s end-to-end real estate solutions platform.

Seaspan and Algoma Steel MOU

Seaspan has signed a memorandum of understanding with Algoma Steel to explore opportunities for collaboration in marine transportation and logistics services. The partnership aims to leverage Seaspan’s extensive marine capabilities and Algoma Steel’s steel production expertise to enhance supply chain efficiency and support Canada’s industrial sector. The strategic alliance represents a significant step toward strengthening domestic steel transportation networks and fostering innovation in marine logistics solutions across the Great Lakes region.

Maple Reinders sells AIM to Convertus Canada

Maple Reinders Group has completed the sale of its majority-owned subsidiary AIM Group Ltd. to Convertus Canada, a full-cycle organic waste treatment provider. The strategic divestiture marks a significant milestone for Maple Reinders, which had partnered with AIM for over two decades to deliver advanced environmental solutions across Canada. Together, the companies designed, built, operated and maintained more municipal organics facilities than any other firm in Canada, processing approximately 10% of the country’s residential organics waste.

DIALOG merges with RPK in Edmonton

DIALOG and Rockliff Pierzchajlo Kroman Architects have merged their design teams in Edmonton. The strategic consolidation brings together two established firms to strengthen their collective capabilities in the Alberta market. The merger combines DIALOG’s multidisciplinary expertise with Rockliff Pierzchajlo Kroman’s architectural specialization, positioning the unified team to better serve the region’s growing infrastructure and development needs while maintaining both firms’ commitment to innovative design solutions.

Allies and Morrison opens Toronto studio

Allies and Morrison, a UK-based urban design firm, has opened its first Canadian studio in Toronto after nearly a decade of working in the country. Led by Partner Angie Jim Osman and supported by Partner Alfredo Caraballo, the new office will build on the firm’s established Canadian portfolio including projects like Beltline Yards, 2150 Lake Shore, and Ookwemin Minising. The Toronto studio, located at 517 Wellington Street West, will be staffed by Directors Neil Shaughnessy and Ross Carter-Wingrove, combining international expertise with local market knowledge to deliver high-density neighbourhood developments.

Brookfield acquires Shangri‑La Vancouver

Brookfield Asset Management has acquired the Shangri-La Vancouver hotel from developers Westbank and Peterson for an estimated $150-200 million. The 119-room luxury hotel, located within a 62-storey mixed-use tower in downtown Vancouver, is being rebranded as Hyatt Vancouver Downtown Alberni and will undergo a multi-million-dollar renovation before becoming the city’s first Park Hyatt in 2026. The acquisition includes both the hotel and retail parcels, with the property continuing operations throughout the transition.

Brandt becomes John Deere dealer in Australia

Regina-headquartered Brandt has been appointed as the new Deere Construction and Forestry dealer across three Australian states—Victoria, South Australia, and Tasmania—effective August 1. The Saskatchewan-based company, which began with a single John Deere construction dealership in 1992, now operates the world’s largest John Deere dealer group with 56 stores in Canada and 13 in New Zealand’s north island. Brandt first entered the Australian market in 2021 and has since invested in local agriculture, golf, and compact construction equipment dealership networks.

Northstar Clean secures EDC LOI

Northstar Clean Technologies Inc. has received a non-binding Letter of Interest from Export Development Canada for potential financial support of up to C$12.5 million for its first planned asphalt shingle reprocessing facility in the United States, with potential funding for three additional facilities. The project financing would support Northstar’s expansion into the U.S. market, where the company plans to reprocess discarded asphalt shingles into reusable components including liquid asphalt, aggregate, and fiber, addressing waste management while creating valuable construction materials.

CGC Inc. to Acquire Imperial Building Products

CGC Inc., a leading Canadian manufacturer of gypsum-based building materials, has entered into a definitive agreement to acquire Imperial Building Products Ltd. (IBP), a manufacturer of steel framing components and drywall accessories. Based in Richibucto, New Brunswick, IBP operates five manufacturing facilities across Canada and specializes in steel framing, drywall trims, and proprietary structural solutions. The acquisition expands CGC’s product portfolio and strengthens its national supply chain, positioning the company as a comprehensive building solutions provider while supporting Canada’s housing and infrastructure development goals.

Englobe Acquires Cambium Inc.

Englobe Corp. has announced its acquisition of Cambium Inc., a specialized environmental consulting firm based in British Columbia. The acquisition strengthens Englobe’s environmental services capabilities on Canada’s West Coast, adding Cambium’s expertise in environmental assessment, remediation, and regulatory compliance to its national portfolio. Cambium brings established client relationships and technical expertise in contaminated site assessment and remediation, complementing Englobe’s existing environmental consulting services across Canada.

MacLean and Sika strategic partnership

MacLean Engineering and Sika have announced a strategic collaboration targeting the underground mining and civil construction sectors. The partnership combines MacLean’s shotcrete spraying equipment and advanced technology offerings with Sika’s complementary product lines, focusing on shotcrete application, chemical admixtures, and system integration.

Ontario prefab builder raises funds

CABN, a Canadian prefabricated home builder, has secured a strategic investment round led by Active Impact Investments to expand its Brockville, Ont., manufacturing facility and scale production of net-zero residential and commercial buildings. The funding will support robotics, 3D LiDAR, and a patent-pending wood scanning technology aimed at boosting output and reducing waste, enabling the plant to produce 552,000 square feet of sustainable housing annually.

U.S. REIT launches Canadian IPO

GO Residential REIT, a U.S.-based owner of five luxury rental towers in Manhattan, is launching a US$410-million IPO on the Toronto Stock Exchange, potentially growing to US$500 million with cornerstone investor Cohen & Steers. Co-founded by Joshua Gotlib and Meyer Orbach, the REIT aims to use proceeds to reduce its high debt load and is targeting a US$2.225-billion enterprise value.

SolarBank rebrands to PowerBank

SolarBank Corporation will rebrand as PowerBank Corporation on July 28, 2025, to reflect its broader focus on power and energy solutions beyond solar, while retaining its existing stock symbols on NASDAQ, Cboe Canada, and the Frankfurt Stock Exchange. The name change, approved by shareholders, will not affect the company’s share structure, rights, or outstanding certificates, and requires no action from investors. Trading under the new name will begin on the effective date, when the company’s website will transition to www.powerbankcorp.com.