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David Prowse to Lead Main Street Advisory Practice

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FOR IMMEDIATE RELEASE

TORONTO, August 26, 2025 — The Shaughnessy Group, a leading provider of M&A advisory services for privately owned Canadian businesses, today announced the appointment of David Prowse, CPA, CA, CVA, CEPA, CM&AA, as managing director to lead its new Main Street M&A advisory division focused on companies with less than $5 million in annual revenue.

Prowse brings more than 25 years of experience in mergers and acquisitions, exit planning, business valuation and financial modeling. He founded Velorum Business Advisory in 2017 and most recently served as a sales representative and advisor at M&A Evolution, a boutique firm specializing in M&A deal-making for Canadian lower-middle and middle-market companies. His expertise includes guiding business owners through growth strategies, succession planning and successful transactions.

In his new role, Prowse will oversee the development and execution of Shaughnessy Group's expanded M&A advisory services targeting Main Street businesses across Canada. This includes facilitating buy-side and sell-side transactions for small enterprises in sectors such as retail, hospitality, services and manufacturing.

"David's proven track record in M&A and his deep understanding of the Canadian small business landscape make him the ideal leader to drive this strategic expansion," said Karl Sigerist, founder and chief executive officer of the Shaughnessy Group. "As we enter the Main Street market, his leadership will help us deliver tailored advisory solutions that address the unique needs of owners planning exits amid economic shifts and regulatory changes like recent capital gains tax adjustments."

Prowse added: "I'm honored to join the Shaughnessy Group and lead this initiative to support Canadian entrepreneurs with revenues under $5 million. With aging business owners and increasing demand for succession planning, there's tremendous opportunity to provide high-quality M&A advisory that ensures smooth transitions and maximizes value."

The new division aligns with Shaughnessy Group's commitment to comprehensive financial advisory, building on its established expertise in mid-market transactions for companies with $5 million to $50 million in revenue.

About the Shaughnessy Group  

The Shaughnessy Group is a Canad focused specialist in M&A advisory services for privately owned Canadian businesses. With a focus on companies ranging from Main Street enterprises under $5 million in revenue to mid-market firms up to $50 million, the group offers expert guidance on buying, selling and succession planning to help owners achieve optimal outcomes.For more information, visit https://shaughnessy.group.