Aaron Runge


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Office: Regina

Main: (306) 347-8490

Fax: (306) 352-5250

Education & Qualifications

  • Saskatchewan Bar (1996)
  • LLB with distinction (Saskatchewan, 1995)

Aaron Runge is a senior commercial lawyer in our Regina office. He provides the firm’s clients with practical, high-value and strategic advice in connection with their business and transactional needs in Western Canada and abroad.

  • Counsel to Greystone Capital Management Inc. and its shareholders in the company’s sale to the Toronto-Dominion Bank for a net purchase price of $792 million.
  • Counsel to finance company Crown Capital Partners on its $10 million long-term loan to Canadian diversified operating company Mill Street & Co. Inc.
  • Counsel to funds managed by PFM Capital Inc. in connection with its $14.9 million investment in and management buyout of the All-Fab Group, a manufacturer and distributor of structural wood building components and ready-to-move homes and buildings operating as All-Fab, Olympic Homes, and Nu-Fab throughout Canada and the United States with manufacturing facilities in Manitoba, Saskatchewan, and Alberta.
  • Counsel to finance company Crown Capital Partners on its $25 million term loan to oil and gas exploration and development company Persta Resources Inc.
  • Lead M&A Counsel to Rubicon and its shareholders on the merger with Amenity Holdings Inc.
  • Counsel to specialty finance company Crown Capital Partners on its provision of an $8 million subordinated term loan to Canadian Helicopters Limited, the largest helicopter transportation services company in Canada.
  • Counsel to specialty finance company Crown Capital Partners on its provision of a $25 million term loan to Ferus Inc., the leading provider of industrial gases to the Canadian energy market.
  • Acted as counsel to funds managed by PFM Capital Inc. in connection with the $1.1 billion take-over bid by Aurora Cannabis Inc.  for Cannimed Therapeutics Inc.
  • Acted as counsel to selling shareholders in connection with $135 million bought deal treasury and secondary offering of common shares by StorageVault Canada Inc.
  • Counsel to specialty finance company Crown Capital Partners on its provision of a $30 million term loan to Calgary-based oil and gas company Marquee Energy.
  • Counsel to specialty finance company Crown Capital Partners on its provision of a $15 million term loan to Solo Liquor Holdings Ltd., the largest privately held liquor retailer in Alberta.
  • Counsel to specialty finance company in connection with a $35 million senior secured revolving credit facility (“Credit Facility”) provided by Alberta Treasury Branches (“ATB”) and Business Development Bank of Canada (“BDC”). The specialty finance company will use the Credit Facility to fund investments in mid-market companies.
  • Counsel to investment fund in connection with $15 million funding of senior secured first liens notes, offered by western Canadian based company engaged in provision of services and logistical solutions to oil and natural gas industry.
  • Lead counsel to purchaser in connection with $110 million, majority interest in significant Western Canadian ag products sales and distribution business.
  • Lead counsel to significant western Canadian conglomerate in connection with $350 million private placement of senior unsecured bonds.
  • Lead counsel to private equity fund in connection with U.S. $70 million sale of North American manufacturer and distributor or building materials.
  • Lead counsel to Information Services Corporation on a privatization by way of secondary offering, realizing aggregate gross proceeds of nearly $169 million, with a focus on negotiation and implementation of a 20-year master services agreement proving for the operation by Information Services Corporation of all of the major Saskatchewan registries.
  • Principal outside counsel to SaskPower on procurement and construction of its Boundary Dam Integrated Carbon Capture and Storage Demonstration Project converting one of the power units into a long-term producer of 100 megawatts of clean base-load electricity and reducing greenhouse gas emissions by capturing one million tons of carbon dioxide each year for sale to third parties for use in enhanced oil recovery operations; including a role as principal outside counsel to SaskPower for the negotiation and implementation of a long-term offtake agreement providing for the sale by SaskPower to Cenovus of 100% of the CO2 generated from the Boundary Dam facility.
  • Principal outside counsel to SaskPower on the negotiation and implementation of joint venture and contribution arrangements between SaskPower and Hitachi Ltd. relating to a carbon capture test facility (CCTF) at SaskPower’s Shand Power Station in southeastern Saskatchewan.
  • Counsel to Federated Co-operatives Ltd. on a $138 million acquisition by plan of arrangement, including production facilities and infrastructure, of Triwest Exploration Inc., a Calgary-based oil company.
  • Counsel to Big Sky Farms in successful CCAA restructuring of approximately $100 million in secured and unsecured debt in Saskatchewan, Manitoba and Iowa.
  • Counsel to Saskferco Products LLC on $1.6B sale to Yara International ASA.
  • Counsel to CUETS, CUCS and CUCA on the sale of its interests in UNPS to First Data (2008), and sale of credit card issuing business to MBNA (2007).
  • Counsel to Meadow Lake Pulp Ltd. on its successful Companies’ Creditors Arrangements Act restructuring of over $800 million of debt and the eventual sale of the mill to one of the world’s largest pulp and paper producers.
  • Counsel to various providers of venture and private capital for numerous financing transactions involving mezzanine debt, subordinated debt, near equity and equity instruments.
  • Principal outside counsel to Concentra Financial Services Association – Leasing Division on strategic and asset-based lending transactions.

Aaron’s practice focuses on private mergers and acquisitions, venture and private capital, corporate finance and securities law. He has acted for buyers, sellers and target companies on several significant domestic and international M&A transactions. He regularly acts for providers of venture and private capital on transactions involving investees in Saskatchewan and abroad, and has acted for several investors and investment funds on the design and implementation of innovative acquisition structures to allow foreign investors to participate in Saskatchewan farmland. He has worked with lenders and borrowers on numerous syndicated credit facilities on structured, leveraged and non-leveraged lease financing arrangements in Canada and the United States, and for senior Saskatchewan issuers placing private and public offerings of debt and equity securities in Canada and the United States.

  • Director (2014-present), Vice-Chair (2016-2018), Chair (2018-present), Hospitals of Regina Foundation
  • Coach, Regina Bantam Eagles Football Club (2016 City Champions)
  • Volunteer, Premier’s Golf Ball sales committee (2015-2016)
  • Volunteer, MLA election funding cabinet (2016)
  • Named Regina “Lawyer of the Year” in Mergers & Acquisitions Law (2019)
  • One of Chambers Canada’s top lawyers in General Business Law (2019)
  • Named “Leader in Their Field,” General Business Law (Saskatchewan) by Chambers Canada (2016)
  • Lexpert/ ALM Zenith Award for Excellence in Mergers & Acquisitions Practice (2014)
  • Only Saskatchewan lawyer listed on Canada’s Leading 500 Lawyers — Lexpert/ American Lawyer Media (since 2011)
  • Named a “Notable Practitioner” by Chambers and Partners (since 2014)
  • One of the Best Lawyers in Canada (since 2010)Banking and Finance, Corporate Governance, Corporate Law, Mergers & Acquisitions Law, Securities Law
  • One of Canada’s Leading Lawyers in The Canadian Lexpert Legal Directory (since 2008) Corporate Mid-Market, Mergers & Acquisitions, Corporate Commercial Law
  • Leis-Nods / Martindale-Hubbell — “BV Peer Review Rated”