Lorne W. Segal

Lorne Segal is a senior partner in Gowling WLG's Ottawa office, practicing in the areas of mergers and acquisitions (M&A), corporate commercial, lending and corporate finance, and bankruptcy, insolvency and corporate restructuring. Lorne and his team represent private and public companies of all sizes - from owner-operated businesses to multinational corporates - combining strong technical skills with a practical approach and sound business judgment to get deals done and help clients succeed.

Lorne's M&A practice focuses on the mid-market, and on both buy and sell-side mandates. Lorne's M&A team includes core M&A practitioners and subject area experts from across Canada and around our global Firm. Lorne's transaction expertise spans various sectors, including tech, defense, media, data centres, aerospace, life sciences & pharma, manufacturing, food & agriculture, telecom, and financial services. Much of Lorne's transactional M&A work is for multi-national public and private companies on their Canadian deals.

In the lending and finance sector, Lorne represents domestic and foreign banks, insurance companies, private equity and venture capitalists in mid-market and larger transactions. In the area of restructuring, bankruptcy and insolvency, Lorne represents creditors, debtors, investors, and trustees/receivers. His expertise includes distressed M&A.

Recognized as a leading lawyer in his field by clients and peers, Lorne is listed in the 2022 Canadian Legal Lexpert Directory as a top-ranked professional in the areas of M&A, Corporate Commercial Law, Corporate Mid-Market, Banking & Financial Institutions, and Insolvency & Financial Restructuring. Lorne is recognized in the 2022 edition of The Best Lawyers in Canada in the area of Insolvency and Financial Restructuring Law. Lorne was named an Acritas Star in their Global Acritas Rankings based on interviews with 4,300 general counsel and legal sector clients around the world.

Lorne served a four-year term as Gowling WLG's Firm Managing Partner, Internal and as a member of the firm's Executive Committee. He previously served on the Firm's Board of Trustees. Lorne has completed the Rotman / Telfer Corporate Directors Program offered by the Institute of Corporate Directors and holds an ICD.D designation.

An active member of the Ottawa community, Lorne is Chair and President of the Ottawa Jewish Community School Board of Directors. Lorne is a past board member of Ronald McDonald House, and the Soloway Jewish Community Centre.

Career & Recognition

Filter timeline:


  • "Agency", Cross-border commercial transactions, Practical Law Global, Thomson Reuters, 2017, multiple authors, Article - July 2017
  • "M&A in Canada," Lexology Navigator, 2016, multiple authors, Article - December 20, 2016

Lorne has lectured at the Law Society of Upper Canada's Bar Admission Course on corporate commercial matters.

Representative Work

Representative Matters & Transactions - M&A / Private Equity / Venture Capital:

  • Representing US based Battery Ventures and its portfolio companies in various acquisitions of Canadian based technology companies
  • Representing a Canadian based private company (+$400M revenue) in its acquisition of a US based technology company
  • Representing vendor in sale of Canadian based mechanical contractor ($50+M revenue)
  • Represented a European based multi-national in its bid for the purchase of a North American based aerospace company
  • Represented a NASDAQ listed multinational entity in its acquisition of a Canadian manufacturing company in the industrial and defence sectors
  • Represented vendor in the sale of a multinational entity ($200M revenue) supplying products to the defence industry, with national security implications
  • Represented a multi-national public company in the defence industry in connection with a joint-venture and a bid on Canadian government projects
  • Represented Bank of Ireland in connection with its US$70M financing of Sentinel Capital Partners, L.L.C.'s acquisition of The Luminaires Group
  • Represented Elysian Park Ventures (Los Angeles Dodgers' Sports Tech Accelerator program) in its equity investment in Kinduct Technologies
  • Negotiated, structured and closed transaction combining Canadian based Gowlings with UK based Wragge Lawrence Graham & Co. to form Gowling WLG
  • Represented Bell Canada in connection with its acquisition of Nordia's Canadian call centre operations
  • Represented Bell Canada in connection with its sale of Bell World stores
  • Represented Air Canada Pilots Association in relation to its acquisition of an equity stake in Air Canada
  • Represented The Wicks Group (a US based PE firm focussed on the information, education and media industries) in connection with various transaction including its investment in and disposition of Bonded Services Group, CCN Matthews, and Education Direct / Penn Foster
  • Represented vendor in sale of private steel company to Arcelor Mittal
  • Represented JDS Uniphase Corporation in connection with its acquisition of Innocor Ltd., a leading provider of broadband test solutions for network equipment manufacturers
  • Represented JDS Uniphase Corporation in connection with its acquisition of intellectual property from Metconnex
  • Represented Bell Canada in connection with its $275 million acquisition of 360Networks and Group GT
  • Represented Bell Canada in numerous mid-market acquisitions ranging in value from $10 - $100 million
  • Represented McDonald's Restaurants in connection with the sale of various supplier facilities
  • Represented Brookfield in connection with its US$200 million financing and ultimate acquisition of the Kemess Gold Mine in British Columbia
  • Represented Alusuisse-Lonza Holding AG in the sale of its North American carton business to Specialized Packaging International Inc.
  • Represented the Government of Ontario in connection with its $200 million financing, acquisition and disposition of Orion Bus Industries

Representative Matters & Transactions - Distressed M&A / Restructuring / Insolvency:

  • Representing Ottawa based tech company in connection with a restructuring and/or sale of its business
  • Representing Deloitte as Court appointed receiver for Drytech International including sale of restoration and disaster related equipment and operating business
  • Represented US based multi-national purchaser regarding its bid for Nortel assets
  • Represented Air Canada Pilots Association in connection with the restructuring of Air Canada
  • Represented Export Development Canada in connection with debtor-in-possession financing arrangements
  • Represented Brookfield in connection with its financing and acquisition of Royal Oak Mines, in Royal Oak's CAA restructuring of over $600 million of creditor claims
  • Represented Bell Canada in connection with the insolvency of Microcell
  • Represented Bell Canada in connection with the insolvency of AT&T Canada
  • Represented Bell Canada in connection with the insolvency of Teleglobe
  • Represented McDonald's Restaurant of Canada in connection with the insolvency of SkyDome (now Rogers Centre)
  • Represented Tokai Bank in connection with its US$250 million loan to and insolvency of Olympia & York