On June 14, 2022, Harbourfront Group of Companies, encompassing Harbourfront Wealth Management Inc., announced a strategic investment from Audax Private Equity, pegging Harbourfront's enterprise value at CAD $425 million. This substantial equity investment by Audax acknowledges Harbourfront's innovative impact on Canada's independent investment dealer sector. Danny Popescu, CEO of Harbourfront, highlighted the investment as an endorsement of the company's successful approach and expressed that it would catalyze both organic growth and expansion through acquisitions. The investment is poised to benefit the advisors who have joined Harbourfront and promises enhanced operations at a larger scale. Bill Allen of Audax praised Harbourfront's standing as a top independent advisory firm in Canada, noting its commitment to high-quality service and offerings. He emphasized that Harbourfront represents an excellent platform for Audax to support amidst its ambitious growth plans in the country. The transaction is awaiting standard regulatory approvals, with Audax's investment to be shared among Harbourfront’s stakeholders, including its Investment Advisors. For the deal, Harbourfront engaged Raymond James Ltd. as its financial advisor and Fasken Martineau DuMoulin LLP as legal counsel. Conversely, Audax secured financial advice from Ardea Partners LP and legal guidance from Stikeman Elliott LLP and Kirkland & Ellis LLP.