Business Moves: Oct. 2025

Strike Group completes TriWest buyout

Strike Group has successfully completed a management buyout (MBO) from TriWest Capital Partners, marking a significant transition for the organization. This strategic move enables Strike Group to operate independently while leveraging the operational expertise and market knowledge developed during its partnership with TriWest. The buyout reflects confidence in the company’s business model and positions it for continued growth in its core markets.

Heidelberg acquires Island Aggregates

Heidelberg Materials North America has acquired Island Aggregates, one of Vancouver Island’s last remaining permitted aggregate sites. The transaction includes three mobile crushing plants and related equipment. Island Aggregates, a long-term sand and gravel supplier to Heidelberg’s ready-mixed concrete operations, strengthens the company’s integrated footprint in this key market as part of its pure-play growth strategy in North America.

Toro purchases Tornado Infrastructure Equipment

Ditch Witch has announced its parent company, The Toro Company, plans to acquire Calgary-based Tornado Infrastructure Equipment. The acquisition expands Toro’s presence in the infrastructure equipment sector, adding Tornado’s specialized product line to its portfolio. Based in Calgary, Tornado Infrastructure Equipment serves the construction and infrastructure markets with equipment solutions. The deal strengthens Toro’s position in the Canadian market and complements its existing Ditch Witch operations.

Thermogenics brings Union Bioler into company family

Thermogenics has welcomed Union Boiler Company Ltd. to its family of companies. With nearly six decades of trusted service in the Greater Hamilton Area, Union Boiler shares Thermogenics’ commitment to safety, quality, and customer care. The acquisition will enable enhanced support for customers across Ontario. Rob Mazzocato joins as General Manager and Mike Mazzocato as Operations Manager, leading the Union Boiler team in its continued service to the region.

SolidCAD bought by Symetri

SolidCAD, a leading Canadian provider of technology solutions for architecture, engineering, construction, and manufacturing, has been acquired by Symetri, a global leader in digital solutions and part of Addnode Group. The acquisition marks Symetri’s entry into the Canadian market and expands SolidCAD’s reach to over 1,000 employees across 30 offices serving 25,000+ customers globally. As Bluebeam’s only Sapphire Partner and Autodesk’s largest Platinum Partner in Canada, SolidCAD will introduce Symetri’s Naviate, Sovelia, and CQ products to Canadian clients while maintaining seamless operations and service continuity.

PRI Engineering acquires Ecora

PRI Engineering, an Ontario-based leader in geotechnical and environmental services, has officially acquired Ecora Engineering & Environmental Ltd., a Kelowna-based multi-disciplinary engineering consultancy with deep roots in the Okanagan and Lower Mainland. The transaction brings together two respected firms to create a market-shaping force in Canadian engineering, positioning the combined business to serve growing infrastructure, renewables, and public sector client needs across the country. The deal reflects a broader market shift toward strategic fit over valuation alone, as mid-market buyers increasingly prioritize alignment with customers, leadership teams, and long-term goals.

Canal Block begins using CariCrete tech

CarbiCrete has announced that Canal Block, an Ontario-based concrete block manufacturer, has begun producing cement-free concrete blocks using CarbiCrete technology at its Port Colborne facility. The patented technology replaces cement with a steel-making by-product and mineralizes CO2 into the concrete for permanent storage, avoiding 100% of cement-related emissions. An ASTM-verified environmental product declaration confirms CarbiCrete construction blocks have a carbon footprint 20 times lower than the industry average. Canal Block is the second Canadian manufacturer to license the technology and the first in Ontario.

RDH Building Science launches new website

RDH Building Science Inc., a consulting and engineering firm specializing in building enclosures, facade and structural engineering, and energy services, has launched a fully redesigned website following a year-long partnership with SPINX Digital. The new platform features a restructured services taxonomy across 12 offices, an expanded project portfolio with case studies dating back to the firm’s 1997 founding, and a people-focused careers section. The rebrand aims to support business development, recruitment, and thought leadership while reflecting the firm’s culture and technical expertise.

Cascadia Windows & Doors secures new investments

Cascadia Windows & Doors has secured a significant growth investment led by MKB, with participation from Blue Earth Capital AG and the Canada Growth Fund. The investment will accelerate the company’s North American expansion and enable increased production of high-performance fiberglass windows, doors, window wall, and cladding systems. The British Columbia-based manufacturer focuses on advanced fiberglass fenestration technologies that deliver superior thermal performance, meet evolving energy codes, and help reduce carbon emissions across the built environment.

TriWest sells Bull Moose Capital

TriWest Capital Partners has sold Bull Moose Capital Ltd. to affiliates of Terramont Infrastructure Partners. Since 2004, Bull Moose has been a leader in Western Canadian natural gas compression rentals, sales, finance, and leasing, with a fleet of over 290 compression and power generating assets totaling over 160,000 horsepower deployed across Western Canada and the Northern United States. During TriWest’s nine-year partnership, Bull Moose more than doubled its fleet and became the largest natural gas compression player in Western Canada while repositioning assets to higher-horsepower equipment.

White Cap aqcuires Anchor Construction Industrial Products

White Cap has completed its acquisition of Anchor Construction Industrial Products, a Winnipeg-based distributor with over 50 years of experience serving Western Canada and the Prairie provinces. Anchor Construction specializes in fasteners, power tools, anchors, construction supplies, abrasives, firestop, and safety products across industrial and commercial markets. The acquisition adds six locations across Manitoba, Saskatchewan, Alberta, and Northwestern Ontario to White Cap’s network, expanding the company’s regional footprint and service capabilities.

Imperial oil to sell Calgary HQ

Imperial Oil Ltd. plans to sell its sprawling Calgary headquarters complex as part of a major corporate restructuring that includes cutting 900 jobs, mostly in Calgary. The company has a tentative agreement to sell the 800,000-square-foot campus in Quarry Park, which was designed for 3,000 employees but now houses only 1,100 workers. Imperial will maintain a small advocacy office in Calgary while shifting operations to Houston, Edmonton’s Strathcona refinery, and Exxon’s global business centers. The move reflects broader consolidation efforts by majority owner Exxon Mobil Corp.