Divestitures and Recaps

Padre Software Inc. (Waterloo) has entered into a paid-up Global Licensing Agreement with Toyota Motor Corporation for Lean Production and Material Conveyance applications

Patient Direct Group has been acquired by McKesson Canada.

Sota Glazing Inc. has successfully completed a shareholder buyout

The Ian Dalrymple Group, a division of Northwood Stephens Private Counsel Inc., has been acquired by Raymond James Ltd.

Spring Fresh Cleaning & Restoration Canada Inc. has been acquired by FirstOnSite Restoration L.P.

PNC Equity Partners, II, L.P. acquired The Orthotic Group in partnership with Management and MTN Capital Partners

Metro Recycling has been acquired by Gerdau Ameristeel Corporation

TriWest Capital Partners III, L.P. in conjunction with management has invested in Fraser River Pile & Dredge

HKMB International Insurance Brokers has been acquired by HUB International Limited to form HKMB Hub International

Alumicor Limited has been acquired by HSBC Capital (Canada) Inc.

Navastone Inc. has been acquired by Hanson Paver Products Inc.

Cousins-Currie Limited has been acquired by Silgan Holdings Inc.

Edenvale Restoration Specialists Ltd. and Woodhouse Contracting Ltd. have merged and been recapitalized in partnership with Torquest Partners

Gesco Industries Inc. has been acquired by an investor group led by Ironbridge Equity Partners

The steel pail & metal decorating division of Vulcan Containers Ltd. has been acquired by BWAY Corporation

Retail Food Brands Inc. (44th Street) has been acquired by Macgregors Meat and Seafood Ltd.

Alouette Bus Lines Ltd. and Alouette Transportation Ltd. has been acquired by Northway Bus Lines Inc.

Therapy Supplies and Rental Limited has been acquired by Shoppers Drug Mart Inc.

CashCode Co. Inc. has been acquired for US $86,000,000 by Crane Co.

Vulsay Industries Ltd. has been acquired by Delta Petroleum Company, Inc.

The Soup and Bouillon Division of Dare Foods Ltd. (Loneys) has been acquired by Berthelet Food Products Inc.

Instaloans Financial Solution Centres Ltd. has sold its Pay Day Loan business to Rentcash Inc.

The structured loan portfolio of Westcoast Capital Corporation has been acquired by Canadian Western Bank

Vickers & Benson Companies Ltd. has been acquired by Havas Advertising

Manchu Wok has been acquired by Ken Fowler Enterprises Limited and Café de Coral Group. CCC acted as financial advisor to Laidlaw Inc.

Bengard Floor Moulding Specialists has been acquired by The Loxcreen Company, Inc.

Centrifugal Coaters Inc. has been acquired by Tiercon Industries Inc.

Scott Capital Group Inc. has sold its computer leasing business to Leasing Solutions Inc.

Sherwood Inn has been acquired by ClubLink Corporation

Pet-Pak Containers has been acquired by Consumers Packaging Inc.

A minority position in a Hamilton-based steel warehousing and shipping company has been sold through a leveraged buyout to another Steelcare - Minority Shareholder

Canada Metal (Pacific) Limited, a Vancouver-based die-caster of specialty aluminum products, has been sold to Brantford Castle Inc.

General Scrap Iron & Metals Ltd. was acquired by IPSCO Inc.

Stegg Precision Machining Limited, a world class manufacturer of precision machinery components and assemblies, has been sold to BDA Enterprises, Inc.

Forwell Limited, a leading Canadian independent aggregates processor, has been sold to Dufferin Aggregates

Spinrite Inc., one of North America's leading manufacturers and marketers of craft yarn products has been recapitalized by Sentinel Capital Partners, a private equity investment firm specializing in the acquisition and development of middle market companies.

Weall and Cullen Nurseries, one of Toronto's oldest and best-known independent retail garden chains, assets have been sold to Sheridan Nurseries, one of the Greater Toronto regions leading independent retail garden chains

Premier's Choice Gourmet Entrees, a North American leader in the further processed value-added chicken market has been sold to Schneider Foods One of Canada's largest producers of premium quality food products

Tom Delaney Financial Group, a leading Toronto-based wealth management and financial planning firm has been sold to Monarch Acquisition Corporation

Brenlo Inc. Custom Mouldings, one of North America's leading, independent suppliers and manufacturers of custom wood mouldings and related products, assets have been sold to LBS Properties Limited

Canadian Nutrition Association, an entity formed by Sanitarium Health Food Company, an Australian-based world leader in the functional food industry has sold its 50% interest in Soyaworld to Saputo, a North American manufacturer of dairy and grocery products.

Adrian Veldman Real Estate, a realtor specializing in the sale of large dairy, hog and beef farming operations has been sold to Koepon holding, a Netherlands agribusiness company.

Dairyworld Foods, Canada's largest dairy cooperative and second largest dairy processor has been sold for $407,000,000 to Saputo, a North American manufacturer of dairy and grocery products.

Dairyworld Foods, Canada's largest cooperative and second largest processor has sold its Quebec operations to Gestion Nutrinor Inc., a Quebec-based agricultural cooperative

Graham FRP Composites, an Ontario-based manufacturer of fiberglass reinforced polymer composite wall and roof panels, has been sold to LTV Corporation, a leading U.S. based manufacturing company with interests in steel, metal fabrication and pre-engineered metal buildings.

Technical Products International Ltd., a designer and manufacturer of molded cable assemblies has been sold to Amphenol Corporation, a U.S. public company and one of the largest manufacturers of interconnect products in the world.

Dairyworld Foods, one of Canada's largest dairy companies has established a new joint venture with the following Canadian dairy businesses: Pascobel Inc. Agrudor Cooperative Nutrinor Cooperative

Blast Cleaning Products, a company in the industrial cleaning products industry has been sold to United States Filter Corporation, a U.S. public company and leading producer of water and wastewater-treatment equipment in the U.S.

Dairyworld Foods, one of Canada's largest dairy companies has sold its Ice Cream Products group to Nestle Canada Inc.

Caracas Coffee Services, a company in the commercial coffee distribution and service industry has been sold to Selena Coffee Ltd.