Has anyone searched for businesses in Ontario/Quebec (Canada)?

January 25, 2019
by a searcher from Concordia University - John Molson School of Business in Montreal, QC, Canada
I was at the Search Fund Conference at HBS last December and realized how sophisticated the Search Fund concept was in the US compared to Canada. I was wondering what intermediaries for sourcing potential deals are more useful in Canada given the less-known concept. Small accounting/law firms, commercial banker, etc? Thanks in advance.
from McGill University
There have been perhaps###-###-#### search fund deals that have closed that I’m aware of. I’ve met with six people in January alone who were inquiring about raising a fund and there are a lot of people searching in the GTA, funded and self-funded. I would also note that many US searchers are bidding on Canadian businesses and reaching out to Canadian business owners as well.
There is a lot of capital floating around in the lower mid-market in Canada so I wouldn’t underestimate the difficulty in finding a deal here. I’d be happy to give you my experience if you’re interested - feel free to PM me.
from Université Laval in Montreal, QC, Canada