M&A Deal Summary

Birch Hill Equity Partners Acquires Harbour Air

On January 19, 2020, private equity firm Birch Hill Equity Partners acquired airliner Harbour Air

Acquisition Highlights
  • This is Birch Hill Equity Partners’ 1st transaction in the Airlines sector.
  • This is Birch Hill Equity Partners’ 36th transaction in Canada.
  • This is Birch Hill Equity Partners’ 2nd transaction in British Columbia.

M&A Deal Summary

Date 2020-01-19
Target Harbour Air
Sector Airlines
Buyer(s) Birch Hill Equity Partners
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Capital West Partners (Financial)

Target

Harbour Air

Richmond, British Columbia, Canada
website
Harbour Air is a seaplane airline that has been operating out of Vancouver for over 30 years. The company flies passengers between various destinations on the western coast of Canada, such as Vancouver, Victoria, Nanaimo, Richmond, Sechelt and others. Harbour Air’s mission is to provide safe, reliable, and convenient transportation to the travelling public through innovation and operational excellence. Harbour Air was founded in 1982 and is based in Richmond, British Columbia.

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Buyer(S) 1

Buyer

Birch Hill Equity Partners

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1994
PE ASSETS 5.0B CAD
Size Large
Type Sector Agnostic
DESCRIPTION

Birch Hill Equity Partners is a middle-market private equity firm focused on investments in Canadian companies. Birch Hill targets growth oriented businesses valued between C$50 and C$1000 million. Sectors of interest include agriculture, communications, energy, environmental, entertainment, distribution, healthcare, manufacturing, software, and technology. Birch Hill will not consider investments in real estate, pure commodity companies or start ups. Birch Hill Equity Partners was formed in 1994 and is based in Toronto, Canada.


DEAL STATS #
Overall 42 of 45
Sector (Airlines) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 22 of 23
State (British Columbia) 2 of 2
Country (Canada) 36 of 39
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-18 Uni-Select

Boucherville, Quebec, Canada

Uni-Select is a North American distributor of replacement parts, equipment, tools, accessories, paint, and related products in the automotive aftermarket. Uni-Select was founded in 1968 and is based in Boucherville, Canada.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-18 ERCO Worldwide

Mississauga, Ontario, Canada

ERCO Worldwide is focused largely on the production and supply of in-organic products along with technology for the production of chlorine dioxide. ERCO Worldwide was founded in 1897 and is based in Mississauga, Ontario.

Buy $725M