TORONTO — Mid-size Ontario companies looking to grow have an opportunity to access high-end advice, funding and financial services from a partnership group focused on propelling “exceptional” firms to the next level.
Adrenalys, which includes banking, legal, advisory and financing partners, is looking for 50 successful companies to assist.
Mid-size firms are getting the attention because they are identified as vulnerable. From 2006 to 2010, the number of those operating in Ontario declined by 25%, according to Statistics Canada.
Companies selected for the Adrenalys program will receive financing and funding up to $350 million; access to a CEO Council of peers where trends and issues can be discussed confidentially; professional and financing services; and $6 million to $7 million in pro-bono, free-of-charge or reduced-fees services.
Eligible private or publicly traded business (51% controlled by Canadian interests) must be headquartered in Ontario, and active for at least five years with sales of more than $10 million.
The cost is $15,000, plus a two-year commitment to the program. The membership fee covers:
• CEO Council membership with quarterly meetings
• Events and activities geared to the C-suite
• A business diagnostic
• Consistent communication between CEOs and Adrenalys partners
Submit applications before 5 p.m. on June 9 at www.adrenalys.ca.
Adrenalys launched a program in Quebec in 2015 with 24 member companies. A second Quebec cohort of 25 companies will be recruited and the program will be expanded to Western Canada in 2018.
Adrenalys partners are Scotiabank, Roynat Capital, MNP LLP, Borden Ladner Gervais LLP (BLG), L&C Strategic Advisory Consultants, Proaction International and Finalta Capital.