Ryan Sprague joins as Managing Director
Former Roynat Capital district manager joined to lead sell-side mandates.
Canadian Investment Bank
Toronto M&A boutique that sells founder- and family-owned Canadian mid-market businesses.
0 open roles0 deals3 people5 sources
Coldwater Corporate Finance is a Toronto-area M&A advisory boutique that has advised entrepreneurial, family-owned and founder-led businesses since 2007. Most of its work is sell-side, with buy-side, capital advisory and sale-readiness work alongside. Mandates featured on its site include sales to SK Capital, Warren Equity Partners, Airgas, ASSA ABLOY and Premium Brands. Founder Ray Gingras, a lawyer and former EDC banker, set it up to bring an investment-banking process to smaller businesses. The team is small and partner-led, with an associate and a senior analyst.
Partner-run sale processes with broad outreach to global strategic and adjacent buyers, through negotiation and closing.
Tailored acquisition searches, from sourcing to negotiation.
Structures and secures financing for growth, acquisitions or shareholder liquidity.
Preparation for owners planning a sale in the next two to five years.
Official site describes a Toronto M&A advisor but its Contact page lists only a phone number and email, with no street address. This list may be incomplete.
| Toronto | ON | headquarters |
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Reasons that work in interviews
At this size the interviewer is usually a founding partner, so a reason assembled from the firm’s homepage will not survive. Build the answer from four things instead, in order: one named transaction from their tombstones and what you found interesting about it; who you would report to, and what you want to learn from them specifically; why small, in your own words, tied to something you have actually done; and why this sector or region, if the firm has one.
There is little reliable public material on Coldwater Corporate Finance, and an answer assembled from a homepage will not survive a founding partner. Build it from one named transaction, who you would report to, and why you want a team this small.
Establish first: whether the practice is advisory, financing or both.
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Typical background
GuidanceNo prior finance experience required.
Global bulge brackets and elite boutiques
Global banks
Coldwater Corporate Finance works as one generalist team: bankers staff deals across these sectors rather than joining a group, so there is no group to pick when you apply. Single-office Toronto boutique with four service lines; no named industry groups.
Selling Your BusinessBuying a BusinessCapital AdvisoryReadiness & Strategic Planning
Founder and President
Leadership
20+ years structuring financings and M&A. Started at Export Development Canada as a banker, in-house counsel and oil-and-gas financing manager. He then became managing director and CEO of STS Capital Partners' Canadian operations, where he incorporated Coldwater. Ontario-licensed lawyer (University of Ottawa JD and BAdmin; Laurentian BA).
Managing Director
Sell-side M&A
Joined Coldwater in 2022 to run sell-side mandates, after about 10 years as Director and District Manager at Roynat Capital in Southern Ontario lending to mid-market companies. Began at Ernst & Young and worked in New Zealand; CA/CPA (2002), Laurier HBBA.
Senior Advisor, Business Development
Business development
Operating executive with 30+ years in distribution, consumer, business services and manufacturing, including COO roles at Staalduinen Floral and Hazmasters. Board member at Auto-Motion Shade and advisor to private businesses.
Professional information only, drawn from official biographies and published reporting. BSO never lists private contact details.
Former Roynat Capital district manager joined to lead sell-side mandates.
Coldwater says it has advised entrepreneurial, family-owned and founder-led businesses since 2007.
No sourced transactions or people moves for this firm. BSO publishes a fact only once it can attribute it to a named source, so these stay off the page rather than being filled in from inference. If you know something published that belongs here, it is the fastest way to get it added.
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Coldwater Corporate Finance · Date unavailable · coldwater.ca
Coldwater Corporate Finance · Date unavailable · coldwater.ca
Coldwater Corporate Finance · Date unavailable · coldwater.ca
Coldwater Corporate Finance · Date unavailable · coldwater.ca
Coldwater Corporate Finance · Date unavailable · coldwater.ca
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