Date Closed

March 25, 2022

Lead Office

Toronto

Value

16.10 Million CAD

On March 25, 2022, J.D. Irving, Limited closed its definitive agreement to sell Brunswick News Inc. to Postmedia Network Canada Corp. for C$7.5 million in cash and C$8.6 million in variable voting shares of Postmedia. The acquisition includes Brunswick News' newspapers, digital properties, and delivery business.

J.D. Irving, Limited is a conglomerate involved in industries including forestry, agriculture, food processing, transportation, and shipbuilding, headquartered in Saint John, New Brunswick.

Post Media Network Canada Corp. is a media conglomerate with operations in newspaper publishing, news gathering, and internet operations headquartered in Toronto, Ontario.

Brunswick News Inc. is a Canadian newspaper publishing company located in Saint John, New Brunswick.

McCarthy Tétrault  advised J.D. Irving, Limited with a team led by David Woollcombe that included Deandra Schubert, Dilara Alpli and Rebecca Scott (M&A), Kathryn Walker, Jeff Oldewening and Robert Celac (Tax), Kate McNeill-Keller and Nicole Deniset (Employment), Deron Waldock, and Tracy Solhi (Benefits), Casey Halladay (Competition), Joanna Rosengarten (Environment), Vincent Yip (IP), Sarit Pandya (Real Property and Planning), Ailbish Bruchet (Financial Services), Robert Glasgow (International Trade/WTO), and David Blair (Transportation).