Engagements
Transactions across cycles, sectors, and capital structures.
Selected transactions
Steinberg Marcus Advisory Corp. team members have executed significant transactions across a wide variety of industries.
Filter by sector. Items marked Confidential reflect client engagements where the company name remains undisclosed.
- AssociationsCanadian Professional Sales AssociationWind-down leadSuccessful organizational wind-down and planned bankruptcy with no legal action against the organization or directors and no service interruption.
- AutomotiveAutomotive Aftermarket Retail ChainConfidentialFinancingClosed US$8M senior secured loan providing a flexible facility for a business model transformation.
- CannabisCannabis Extraction FacilityConfidentialCommercial assessorLarge-scale hydrocarbon and ethanol cannabis processor with leading concentrate brands.Strategic recommendations delivered to management and shareholders.
- ConstructionCaribbean Cement ManufacturerConfidentialFinancingClosed US$25M senior secured term loan for equipment and machinery to set up a cement grinding station.
- DefenseDefense Products ManufacturerConfidentialFinancing participantParticipated in US$330M senior secured term loan providing an acquisition facility that more than doubled the company's size.
- E-CommerceB2B2C Commercial Real Estate MarketplaceConfidentialInvestment monitor for RBCIntegrated B2B2C e-commerce marketplace serving the commercial real estate industry.
- Energy & MiningAtlantic Power Corp.Underwriter / Co-ManagerUnderwriter of US$625M acquisition bridge facility and co-manager of US$460M high yield notes for the Capital Power Income LP acquisition.
- EntertainmentFilm & Television CompanyConfidentialBoard Member, Audit CommitteeDevelopment, production, distribution, and financing of low-budget feature films and television programs.
- Food & BeverageInternational Beverage CompanyConfidentialOperations and market entry advisorDesigned and certified ECO-CERT organic standard; opened U.S. markets (California); established co-packing arrangements with major brands.
- Healthcare & PharmaBiologic Contract ManufacturerConfidentialTransaction advisorCompleted US$53M acquisition of Eylea royalties.
- HospitalityBranded Full-Service HotelsFinancingClosed C$23M 2nd mortgage and B-note in the refinancing of five branded hotels.
- InfrastructureCapstone Infrastructure Inc.Bridge arrangerArranged C$150M acquisition bridge facility for the power generation and utility assets platform.
- Legal ServicesAboriginal Legal Services (ALS)Interim Executive DirectorLegal services program for Aboriginal people in the Greater Toronto Area. Negotiated complex collective bargaining agreements.
- ManufacturingAnchor Lamina Inc.Board Member, Audit CommitteeLargest manufacturer of die sets in North America.
- MarketingMarketing Communications FirmConfidentialFinancing originatorOriginated C$185M senior secured revolver and term loan for additional liquidity.
- Private EquityPrivate Equity FirmFinancing arrangerArranged a C$320M senior secured revolver and term loan to provide liquidity across an 18-company portfolio.
- Real Estate2010 Winter Olympics Residential DevelopmentConfidentialJoint venture / developer financingOriginated a C$750M 1st, 2nd, and 3rd lien term loan facility for the residential development.
- RetailGrocery Gateway.comInvestment monitor for RBCOnline grocery platform.
- SecurityDocument Security Services ProviderConfidentialFinancing arrangerArranged C$200M senior secured loan for expansion capital.
- SoftwareEnterprise Content Management ProviderConfidentialFinancingClosed US$390M first and second lien financing facility for additional working capital.
- Specialty FinanceDirect Cash Payments Inc.Bridge arranger / sub-underwriterArranged C$125M acquisition bridge facility and sub-underwrote A$217M high yield bridge for the Customers Limited acquisition.
- Technology, Media & TelecomAlcatel / Innovative Fibers Inc.M&A advisorAdvised Alcatel on US$175M acquisition of Innovative Fibers Inc., a manufacturer of optical filters.
- Transportation & LogisticsMTE Logistix Ltd.Financial AdvisorAdvised the senior secured lender in its successful acquisition via a credit bid
- Waste ManagementBiomass Facilities OperatorConfidentialBoard, Audit, HR CommitteesOversight of biomass facilities in British Columbia, Manitoba, and Florida.
- AutomotiveTrinity Auto GroupFinancial AdvisorPre-filing financial advisor to the Trinity Auto Group
- CannabisCropAssessment advisor to major shareholdersMulti-state U.S. cannabis operator with operations in Nevada, Washington, Oklahoma, and California.Uncovered misrepresentation by U.S. operating partner.
- ConstructionEarth Boring Co Ltd.Operational advisorOntario's oldest and largest trenchless services provider. Refined receivables and holdback procedures, implemented detailed cost monitoring, and built proactive resource allocation systems against project budgets.
- Energy & MiningEarth Drilling Co. LtdFinancial advisorAdvised on the MBO of the drilling subsidiaries (Earth Drilling, Harris Exploration and OnTrack) of STS Renewables.
- EntertainmentGateway Casinos & Entertainment Ltd.Financing advisorRefinancing of C$383M credit facilities and C$170M second lien high yield notes for the Canadian casino and entertainment operator.
- Food & BeveragePrivately Owned Food & Beverage ManufacturerConfidentialOperations and compliance advisorDesigned and certified HACCP-BNQ standard; expanded market access across Canadian provinces; secured retail partnerships with Sobeys, Costco, and Dollarama.
- Healthcare & PharmaGoodLife Fitness Centres Inc.FinancingClosed C$25M of subordinated notes for Canada's largest health club operator (400+ clubs).
- HospitalityCanadian Pacific Hotels / Fairmont HotelsM&A advisorAdvised on the merger between Canadian Pacific Hotels and Fairmont Hotels.
- InfrastructureEpcor Power (US) G.P.Private placement arrangerArranged US$225M private placement of senior notes for the U.S. electricity generation and distribution utility.
- ManufacturingArmtec Holding Ltd.High yield note participantParticipated in inaugural high yield note offering for the infrastructure products (drainage, road materials) manufacturer.
- Private EquityTri Continental CapitalInvestment monitor for RBCReal estate acquisition and development fund providing equity loans across North American markets.
- Real EstateAvanew Single Family Rental FundCapital arrangerArranged C$56M senior secured facility and C$30M of equity to support property acquisitions.
- RetailLa Senza Corp. / Limited Brands Inc.Sale advisorAdvised La Senza on its C$657M sale to Limited Brands. Intimate apparel retailer with 645 locations across 35 countries.
- SecurityGarda World Security Inc.Document agent / Joint bookrunnerArranged C$340M of credit facilities and joint bookrunner / co-manager on US$250M and C$75M of 7-year (9.75%) high yield notes.
- SoftwareMSDS Solutions Inc.Board MemberManagement of Material Safety Data Sheets for manufacturers and users of hazardous products.
- Specialty FinanceDistressed Asset-Based LenderConfidentialFinancing arrangerArranged US$150M senior secured loan for liquidity.
- Technology, Media & TelecomATI Technologies Inc. / ArtXM&A advisorAdvised ATI on US$400M acquisition of ArtX, designer of graphics chips for Nintendo's 64 console.
- Transportation & LogisticsMulti-National CarrierConfidentialM&A advisorAdvised on the acquisition and integration of two privately-owned transport companies.
- Waste ManagementWaste Technology ProviderConfidentialBoard Member, Audit CommitteeProprietary thermal conversion technology converting landfill-bound materials into reusable material and energy.
- CannabisEast Coast Cannabis CultivatorConfidentialOut-of-court restructuring advisorPublicly traded cultivator with projects in Ontario, Newfoundland & Labrador, and Nova Scotia facing cash burn and hostile partners.Exited non-performing projects; sold for $12.9M in 2020.
- Energy & MiningGreenfield Ethanol Inc.Joint Lead ArrangerRefinanced C$225M credit facilities and C$53M mezzanine facilities for the ethanol and renewable energy producer.
- EntertainmentHealthHub Patient Engagement Solutions Inc.Financial advisorAdvised the senior secured lender in its successful acquisition via a credit bid.
- Healthcare & PharmaInwest Investments Corp. / Drug Royalty Corp.M&A advisorAdvised Inwest on its C$133M acquisition of Drug Royalty Corp., a pharmaceutical royalty investment firm.
- HospitalityFull-Service HotelConfidentialFinancing arrangerArranged C$20.4M 1st & 2nd mortgage for additional liquidity.
- ManufacturingFlexible Vinyl ManufacturerConfidentialFinancing originatorOriginated US$20M second lien loan for a manufacturer of flexible vinyl materials for automotive and industrial sectors.
- Real EstateCanPark Inc. / Allied REITDivestiture advisorC$7M divestiture of two parking lots to Allied REIT.
- SoftwarePolyplan Technologies Inc.Board Member, Chair of Audit and HR CommitteesDeveloper of computer-aided process planning (CAPP) software for manufacturing.
- Specialty FinanceDrug Royalty III LPFinancingClosed US$450M in two tranches against a portfolio of 31 royalty streams on 14 pharmaceutical products.
- Technology, Media & TelecomCogeco Cable Inc.Joint bookrunnerArranged C$257M private placement of senior notes: US$190M of 7-year 7.00% notes and C$55M of 10-year 7.60% notes.
- Transportation & LogisticsWorld Wide Carriers Ltd.CCAA managementEnd-to-end supply chain, logistics, and warehousing provider. Managed shareholder communication during CCAA, oversaw liquidation of 200+ trailers and 50+ trucks, reconciled factoring agreements, ran property sales and refinancing, and conducted forensic accounting on a shareholder dispute.
- CannabisGreen SealInformation Officer / CROMulti-site cannabis cultivator and exporter with tens of millions in secured credit.Full recovery for secured creditors through a going-concern sale.
- Energy & MiningIndustrial Ethanol ManufacturerConfidentialBoard MemberBoard, audit, HR, and risk committee roles at Canada's largest industrial and fuel ethanol manufacturer/supplier.
- EntertainmentTelevision and Film Production CompanyConfidentialBoard Observer, Audit CommitteeProduct development for television and feature films.
- Healthcare & PharmaLife Arc (formerly MRCT)Transaction advisorCompleted US$150M acquisition of Keytruda royalties for the medical research charity.
- HospitalityUniHost Corp. / W-Westmont Corp.Sale advisorAdvised UniHost Corp. on its sale to W-Westmont Corp.
- ManufacturingLacent Technologies Inc.Board Member, Chair of Sale CommitteeDeveloper of sophisticated laser cutting systems for materials.
- Real EstateCaribbean Real Estate Investment CompanyConfidentialFinancingClosed a US$10M secured term loan for the strategic acquisition of an overseas asset.
- Specialty FinanceGenworth MI Canada Inc.Co-ManagerCo-managed underwriting of C$275M high yield unsecured debentures.
- Technology, Media & TelecomData Center ProviderConfidentialFinancingClosed US$30M senior secured loan for liquidity.
- CannabisInternational Cannabis OperatorConfidentialCCAA advisorMulti-country medical cannabis operator with facilities in Israel, Germany, and Canada.Stabilized business, negotiated brand sale, limited losses for the asset-based lender.
- Energy & MiningNexen Inc.Co-advisorCo-advisor on the divestiture of Nexen Chemicals (Canexus).
- Healthcare & PharmaMDS Corp. / Phoenix International Life Sciences Inc.M&A advisorAdvised MDS Corp. on C$497M acquisition of Phoenix International Life Sciences Inc., a contract research organization with operations in Canada, the U.S., and Europe.
- ManufacturingPlastic Products ManufacturerConfidentialFinancing originatorOriginated US$15M second lien loan for a global manufacturer of plastic consumer and industrial products.
- Real EstateQuasi-Government EntityConfidentialDebt arrangerArranged a TT$800M (~C$170M) debt facility comprising two bridge loans and two bonds.
- Specialty FinanceIntesa Bank Canada / HSBC CanadaSale advisorAdvised Intesa Bank on its C$114M sale to HSBC, including twelve branches across three provinces.
- Technology, Media & TelecomJDS FITEL / Uniphase Corp.M&A advisorAdvised on the merger creating the first fiber optic company with both active and passive optical components.
- CannabisMedReleaf / Aurora CannabisExecutive Acquisition SponsorServed as MedReleaf's Executive Acquisition Sponsor for its successful acquisition by Aurora Cannabis for C$3.2B.
- Energy & MiningOil & Gas Exploration CompanyConfidentialFinancing participantParticipated in US$200M first and second lien loan facility providing acquisition financing.
- Healthcare & PharmaPharmaceutical Royalty AcquirerConfidentialTransaction advisorCompleted US$77M acquisition of Rilpivirine royalties.
- ManufacturingVintex Inc.Investment monitor for RBCPolymer-coated textile manufacturer with 300+ custom products for healthcare, industrial, and commercial markets.
- Real EstateRetirement Residence REIT (RRR)Sale advisorAdvised on the C$2.8B sale of RRR to the Public Sector Pension Investment Board (PSP).
- Specialty FinanceMackenzie Financial Corp. / Investors Group Inc.Sale advisorAdvised Mackenzie on C$4.1B sale to Investors Group following an unsolicited CI Financial offer.
- Technology, Media & TelecomJDS Uniphase / SDL Inc.M&A advisorAdvised JDS on US$19B acquisition creating the world's largest manufacturer of active and passive optical components.
- CannabisMJardin GroupOperational restructuring leadMulti-site cannabis producer carrying over $200M in Bridging Finance capital with approximately $9M annual cash burn at engagement.Restored to free cash flow generation of several million annually.
- Energy & MiningProphecy Resource Corp.Sole Lead Arranger and Financial AdvisorSecured credit facility of up to C$10M for the coal and minerals exploration company.
- Healthcare & PharmaPharmaceutical Royalty SupplierConfidentialTransaction advisorCompleted US$54M acquisition of Stelara, Simponi, and Ilaris royalties.
- ManufacturingWood-Based Building Products ManufacturerConfidentialFinancingClosed a C$150M second lien loan for the wood products manufacturer.
- Real EstateRioCan REITJoint bookrunnerC$125M preferred unit offering for the retail and commercial property portfolio.
- Specialty FinanceMicrofinancing FirmConfidentialFinancing arrangerArranged US$100M senior secured fixed rate note.
- Technology, Media & TelecomMicrocell Telecommunications Inc.Restructuring advisorAdvised on C$1.7B restructuring agreement with lenders for the mobile and internet services provider.
- CannabisMPXICreditor advisorMulti-country cannabis operator with medical cultivation and processing assets in Canada, Malta, South Africa, and Thailand.Achieved cash-flow-positive status through strategic refocus.
- Energy & MiningState-Owned Oil RefineryConfidentialDebt restructuringRestructured US$100M of balance sheet debt into a senior secured term loan.
- Healthcare & PharmaYourgene Health Canada Ltd.Board MemberProvider of molecular diagnostic solutions for reproductive health, precision medicine, and infectious diseases.
- Specialty FinanceNewcourt Credit Group / The CIT GroupSale advisorAdvised Newcourt on US$2.8B sale to CIT, creating one of the largest commercial finance companies.
- Technology, Media & TelecomNewbridge Networks Inc. / Stanford TelecomM&A advisorAdvised Newbridge on US$499M acquisition of Stanford Telecom's Wireless Broadband Products division, including subsequent sale of Space and Defense Communications and EMS businesses.
- CannabisMYM NutraceuticalsRestructuring advisorGlobal cannabis cultivation and CPG company with operations across Australia, the U.S., Colombia, Mexico, and Canada.Acquired $12.9M asset; entity ultimately sold for $87M.
- Energy & MiningSTS Renewables Inc.Financial advisorAdvised STS Renewables on its operational restructuring.
- Technology, Media & TelecomOptiMEMS Inc.Investment monitor for RBCDeveloper of microelectromechanical systems technology for telecommunications and consumer electronics.
- CannabisTJACChief Executive Officer and DirectorLarge-scale Canadian cannabis producer and exporter with below-standard yields and limited distribution.Sold to a multi-country operator for $84M.
- Technology, Media & TelecomQuebecor Media Inc.Lead Arranger / Joint Book-Running ManagerUS$700M bridge facility for the Osprey Media Income Fund acquisition, plus C$1.4B in term loans and high yield notes for refinancing.
- CannabisTrichome Financial / James E. WagnerChief Restructuring OfficerSpecialty cannabis lender and indoor cultivator with unreliable aeroponic technology and a senior credit default.First successful CCAA exit in the Canadian cannabis industry via asset purchase.
- Technology, Media & TelecomQuebecor World Inc. (European Operations) / HHBIDivestiture advisorAdvised on the divestiture of Quebecor World Europe during Quebecor World Inc.'s restructuring.
- Technology, Media & TelecomVideotron LtéeJoint bookrunnerHigh yield notes underwriting for the Quebec based regional cable, internet and telecom provider.
