Mergers and Acquisitions

Paine Schwartz Partners–backed HGS BioScience in its acquisition of NutriAg Paine Schwartz Partners–backed HGS BioScience in its acquisition of NutriAg

Paine Schwartz Partners–backed HGS BioScience
Key Contact
Alex Gorka

Partner, Corporate, Toronto

Team
Rob Valentini

Associate, Corporate, Toronto

Page MacRae

Associate, Corporate, Toronto

Damian Rigolo

Partner, Employment and Labour, Toronto

Irmak Aydemir

Associate, Employment and Labour, Toronto

Matthew Ritchie

Partner, Real Estate, Toronto

Carolin Jumaa

Associate, Real Estate, Toronto

Marta Rochkin

Partner, Financial Services, Toronto

Malcolm Peck-McQueen

Associate, Financial Services, Toronto

Jennifer Fairfax

Partner, Litigation; Regulatory, Indigenous and Environmental, Toronto

Evan Barz

Associate, Disputes, Toronto

Taylor Cao

Partner, Tax, Toronto

Okanga Okanga

Associate, Tax, Toronto

Jonathan Marin

Partner, Pensions and Benefits, Toronto

Ann Zhang

Associate, Pensions and Benefits, Toronto

Kelly Moffatt

Partner, Commercial, Toronto

Justin P’ng, CIPP/C/US

Associate, Privacy and Data Management, Toronto

Susan Newell

Partner, Health, Toronto

Aya Fahmi

Associate, Health, Toronto

On October 21, 2025, Paine Schwartz Partners–backed HGS BioScience announced it had acquired NutriAg Ltd., a Toronto-based innovator in bionutritional technologies. The combinations brings together HGS’s strength in humic acid-based products, U.S. market presence, and vertically integrated manufacturing footprint with NutriAg’s bionutritional product portfolio, Canadian market access, and research and development engine. The result is one of the most complete biostimulant and bionutritional platforms in North America.

HGS BioScience is a leading provider in humic and fulvic products.

Osler, Hoskin & Harcourt LLP advised Paine Schwartz Partners and HGS BioScience with a team consisting of Alex Gorka, Rob Valentini, Page MacRae (Corporate), Damian Rigolo, Irmak Aydemir (Employment and Labour), Matthew Ritchie, Carolin Jumaa (Real Estate), Marta Rochkin, Malcolm Peck-McQueen (Financial Services), Jennifer Fairfax, Evan Barz (Environmental), Taylor Cao, Okanga Okanga (Tax), Jonathan Marin, Ann Zhang (Pensions and Benefits), Kelly Moffatt, Justin P’ng (Intellectual Property), Susan Newell and Aya Fahmi (Health).

Value
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Date Announced
October 21, 2025
Lead Office
Toronto
Key Contact
Alex Gorka

Partner, Corporate, Toronto

Team
Rob Valentini

Associate, Corporate, Toronto

Page MacRae

Associate, Corporate, Toronto

Damian Rigolo

Partner, Employment and Labour, Toronto

Irmak Aydemir

Associate, Employment and Labour, Toronto

Matthew Ritchie

Partner, Real Estate, Toronto

Carolin Jumaa

Associate, Real Estate, Toronto

Marta Rochkin

Partner, Financial Services, Toronto

Malcolm Peck-McQueen

Associate, Financial Services, Toronto

Jennifer Fairfax

Partner, Litigation; Regulatory, Indigenous and Environmental, Toronto

Evan Barz

Associate, Disputes, Toronto

Taylor Cao

Partner, Tax, Toronto

Okanga Okanga

Associate, Tax, Toronto

Jonathan Marin

Partner, Pensions and Benefits, Toronto

Ann Zhang

Associate, Pensions and Benefits, Toronto

Kelly Moffatt

Partner, Commercial, Toronto

Justin P’ng, CIPP/C/US

Associate, Privacy and Data Management, Toronto

Susan Newell

Partner, Health, Toronto

Aya Fahmi

Associate, Health, Toronto