Crosbie & Company Canadian M&A Report - Q2 2026 (opens in a new tab)
Canadian deal count fell to its lowest since Q4 2023 while announced value rose sharply on record mega-deal activity; the mid-market softened.
Canadian Investment Bank
Employee-owned Toronto M&A boutique advising founders, families and boards on mid-market sales since 1978.
Crosbie & Company is an independent, employee-owned Canadian investment bank founded in 1978 and based in a single Toronto office. Sell-side M&A for private and owner-managed companies is its largest business, alongside buy-side M&A, capital advisory, and board and shareholder advisory, including a long-running practice advising Indigenous groups and First Nations economic development arms. It is also known in Canada for its quarterly Crosbie Canadian M&A Report, and it is the exclusive Canadian member of the REACH Cross-Border M&A network. For students, it is a small, senior-led team (five managing directors, two VPs, one associate and one analyst) focused purely on advisory, with no underwriting.
0 open roles4 deals10 people17 sources
Largest part of the business: running sale and ownership-transition processes for founders and shareholders of private and public companies.
Helping clients evaluate and pursue significant acquisitions with valuation discipline.
Independent advice on financing matters and arranging capital, including MBO and acquisition financing and financings for First Nations clients.
Conflict-free advice to boards, special committees and shareholder groups in high-stakes situations.
Publishes the Crosbie Canadian M&A Report, a quarterly survey of Canadian deal activity that has run for more than 30 years.
| Toronto | ON | headquarters |
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Reasons that work in interviews
3 reasons for Crosbie & Company
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.
Publishes the quarterly Canadian M&A report, so the firm has a view on the market rather than just a position in it: read it before the interview and reference it.
Mid-market advisory for private and public companies.
Long-standing independence in a category where most shops get absorbed.
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Typical background
GuidanceNo prior finance experience required.
Global bulge brackets and elite boutiques
Global banks
Crosbie & Company 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. Toronto mid-market advisory firm organised by four advisory services; deals are tagged by industry (business services, consumer, industrials, TMT and others) but the firm does not present industry teams.
Sell-Side M&A AdvisoryBuy-Side M&A AdvisoryCapital AdvisoryBoard & Shareholder Advisory
Managing Director
Managing Directors
35+ years in investment banking, 30+ of them at Crosbie, advising private-company owners on M&A, financing and strategic transactions; earlier involved in Crosbie's principal investing and restructuring work. Began as a banker at UBS Canada. McMaster engineering and MBA.
Managing Director
Managing Directors
Joined Crosbie in 1999 and leads M&A, financing and advisory mandates, particularly for owner-managed private companies, and has advised Indigenous groups on infrastructure investments and claims-settlement funds. Previously at RBC Capital Markets and CIBC World Markets. Queen's chemical engineering, Ivey MBA.
Managing Director
Managing Directors
25+ years of investment banking, 20+ at Crosbie, advising founder-led businesses on M&A and capital raising and advising Indigenous groups on power project investments and partnerships. Previously raised equity for technology and growth industrial issuers at Yorkton Securities. McMaster BSc, Schulich MBA.
Managing Director
Managing Directors
Close to 20 years advising owners, PE firms, public companies and boards on M&A and capital raising. Previously at J.P. Morgan, Lazard and National Bank Financial. McGill BCom, London Business School MBA; quoted as Crosbie's spokesperson on the Q2 2026 M&A Report.
Managing Director
Managing Directors
25+ years across investment banking, principal investing and operating roles. Previously a banker at Credit Suisse, Lehman Brothers and CIBC World Markets, a PE investor at Richardson Capital and a healthcare start-up founder. Queen's BCom, Ivey MBA.
Director, Business Development
Business Development
Vice President
Investment Banking
Vice President
Investment Banking
Professional information only, drawn from official biographies and published reporting. BSO never lists private contact details.
Jul 24, 2025
CaTECH Systems
Financial advisor to CaTECH Systems (sell-side) · IT infrastructure services
Buyer WestView Capital Partners
Growth investment by Boston-based WestView Capital Partners in Markham, Ontario's CaTECH Systems, a structured-cabling and data-centre infrastructure provider; terms undisclosed.
May 30, 2024
Eden Energy Equipment Limited
Exclusive sell-side advisor to Eden Energy Equipment · Energy equipment
Buyer Sugar Maple Capital and Michael Ridler (general manager)
Sale of Eden Energy Equipment to Sugar Maple Capital alongside the company's general manager; terms undisclosed.
Jan 24, 2020
Strongco Corporation
Financial advisor to Strongco · Industrials / Equipment Distribution
Buyer Nors, S.A.
Portugal's Nors agreed to acquire Strongco for C$3.15 per share in cash, a transaction value of about C$193 million including net debt.
Oct 17, 2003
Perle Systems Limited
Independent financial advisor; valuation and fairness opinion · Technology - Networking Hardware
Buyer Roycap
Perle Systems approved a debt-for-equity conversion in which lender Roycap subscribed for 500 million shares at C$0.04, based on a valuation and fairness opinion from Crosbie & Company for the special committee.
Canadian deal count fell to its lowest since Q4 2023 while announced value rose sharply on record mega-deal activity; the mid-market softened.
Advised CaTECH on WestView Capital Partners' investment.
Exclusive sell-side advisor on the sale to Sugar Maple Capital.
Founded in Toronto in 1978 (year only; month not published).
No sourced 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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Crosbie & Company · Aug 1, 2026 · crosbieco.com
Crosbie & Company · Jul 24, 2025 · crosbieco.com
Crosbie & Company · May 30, 2024 · crosbieco.com
Strongco Corporation via GlobeNewswire · Jan 24, 2020 · globenewswire.com
Perle Systems Limited (SEC Form 6-K) · Nov 12, 2003 · sec.gov
Crosbie & Company · Date unavailable · crosbieco.com
Crosbie & Company · Date unavailable · crosbieco.com
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Crosbie & Company · Date unavailable · crosbieco.com
Bay Street Oracle · Oct 8, 2026 · intelligence.baystreetoracle.ca
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