Investment Summary

Birch Hill Equity Partners and Westerkirk Capital Exits Sleep Country

On July 10, 2015, invested in retailer Sleep Country from Birch Hill Equity Partners and Westerkirk Capital

Investment Highlights
  • This is transaction in the Retail sector.
  • This is transaction in Canada.
  • This is transaction in Ontario.

Investment Summary

Date 2015-07-10
Target Sleep Country
Sector Retail
Sellers(s) Birch Hill Equity Partners
Westerkirk Capital
Deal Type IPO

Target

Sleep Country

Brampton, Ontario, Canada
Sleep Country is the largest mattress retailer in Canada under both the Sleep Country Canada and Dormez-vous banners. In addition, Sleep Country is the largest mattress retailer in Arizona under the Sleep America banner. Sleep Country Canada was incorporated in 1994 and is based in Brampton, Ontario.

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Seller(S) 2

SELLER

Birch Hill Equity Partners

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor


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 24 of 39
Sector: Retail M&A 1 of 3
Type: IPO M&A Deals 3 of 3
State: Ontario M&A 13 of 22
Country: Canada M&A 20 of 32
Year: 2015 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-01 Sigma Systems Canada

Toronto, Ontario, Canada

Sigma Systems Canada LP is a provider in catalog-driven software solutions for communications, media, and high-tech companies. Sigma's portfolio spans enterprise-wide Catalog, Configure Price Quote (CPQ), Order Management, Provisioning, Insights and Portfolio Inventory products, and offers a core set of services including professional services, cloud services, and managed services. Sigma Systems Canada LP was founded in 1996 and is based in Toronto, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-15 Shred-it International

Oakville, Ontario, Canada

Shred-it International, Inc. is a global secure information destruction services provider. Shred-it was formed in 1988 and is based in Oakville, Ontario.

Sell $2.3B
SELLER

Westerkirk Capital

Victoria, British Columbia, Canada

Category Asset Manager
Size Small
Type Sector Agnostic
DESCRIPTION

Westerkirk Capital is an investment firm focused on partnering with business owners and managers to pursue growth opportunities. The Firm manages private capital for a single Canadian investor and generally takes a long-term approach when investing. Westerkirk is a generalist investor, with interest in transportation, apparel, media, manufacturing, business services, aerospace, consumer products, and real estate. Westerkirk Capital is based in Victoria, British Columbia.


DEAL STATS #
Overall 1 of 5
Sector: Retail M&A 1 of 1
Type: IPO M&A Deals 1 of 1
State: Ontario M&A 1 of 3
Country: Canada M&A 1 of 5
Year: 2015 M&A 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-06 Demers Ambulances

Beloeil, Quebec, Canada

Demers Ambulances is an ambulance manufacturer in North America. Demers Ambulances is accredited by Transport Canada and is recognized as a "Qualified Vehicles Modification" (QVM) by Ford, holds the US National Truck Equipment Association (NTEA) Member Verification Program (MVP) certification, and holds the BNQ1013 certification from the Bureau de Normalization du Québec (BNQ). Demers Ambulances was founded in 1960 and is based in Beloeil, Quebec.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-15 Shred-it International

Oakville, Ontario, Canada

Shred-it International, Inc. is a global secure information destruction services provider. Shred-it was formed in 1988 and is based in Oakville, Ontario.

Sell $2.3B