
As North America's trusted strategic shareholder and governance advisory firm for over two decades, Kingsdale achieved a perfect track record, delivering a 100 percent win rate for clients navigating shareholder activism and other special situations during the 2025 proxy season.
The firm also advised on more than C$22 billion in shareholder approved or completed M&A transactions year-to-date, playing a lead role in several market-shaping deals.
Kingsdale has been ranked the No. 1 Canadian proxy solicitor (company side) by both the Bloomberg Global Activism League Tables and the LSEG Shareholder Activism League Tables. Globally, Kingsdale ranked #9 on Bloomberg's list and #4 on LSEG's for H1 2025.
Wes Hall, Founder and CEO of Kingsdale Advisors, who returned as CEO at the start of the 2025 proxy season, said, "This recognition reflects the strength of our talent, the trust of our clients and our unwavering commitment to delivering results when it matters most. We've stayed focused through challenges and delivered. I want to thank our clients for their vote of confidence. We are proud of what we've achieved and even more confident in where we're headed."
Significant M&A transactions advised on by Kingsdale include:
- Parkland Corp.'s transaction with Sunoco LP
- MAG Silver Corp.'s acquisition by Pan American Silver Corp.
- MDA Space's acquisition of SatixFy Communications Ltd.
- National Bank of Canada's acquisition of Canadian Western Bank
- Gatos Silver Inc.'s merger with First Majestic Silver Corp.
- Payfare Inc.'s acquisition by Fiserv Inc.Kingsdale also guided multiple issuers through complex corporate actions, including activist defence, governance transitions and contested situations, ensuring strategic execution and client satisfaction throughout. This included securing noteholder approval of the CBCA Transaction to extend debt maturities and strengthen Sherritt International's capital structure, while successfully defending the issuer against shareholder activism.
"Our perfect record this proxy season is a direct result of the trust placed in us by boards and CEOs during high-stakes moments," said Aaron Boles, President, Kingsdale Advisors. "Our team has once again demonstrated its strength in delivering strategic clarity, deep governance expertise and precision shareholder engagement to business leaders navigating critical decisions."
Want to join Kingsdale's winning client roster?
Email strategy@kingsdaleadvisors.com for a confidential consultation and learn how we can assist with your strategic shareholder engagement and governance needs.

Latest Insights
2022 North American Proxy Season Review
This year, Canadian targets were subject to 35 proxy contests – the lowest since 2017, while activists wrestled the win rate back in their favour with 52% and gained increasing support from proxy advisors and institutional investors.
ISS 2023 Benchmark Policy Updates
On December 1, 2022, ISS released updates to its 2023 benchmark proxy voting policies. The updated policies will apply to shareholder meetings taking place on or after February 1, 2023, except for those that are being announced now with a one-year transition period and which will become effective in 2024.
2022 Proxy Season Snapshot
An early look at the key trends and major issues affecting shareholder activism and corporate governance in 2022.

When The Stakes Are Highest, Business Leaders Choose Kingsdale
Subscribe to Our Newsletter
* Source: Bloomberg Global Shareholder Activism League Tables FY2025 and LSEG Global Shareholder Activism Review FY2025.
#2025 and 2026 indicate proxy seasons: July 2024 to June 2026.
