M&A Deal Summary |
|
|---|---|
| Date | 2021-02-18 |
| Target | ERCO Worldwide |
| Sector | Chemicals |
| Buyer(s) | Birch Hill Equity Partners |
| Sellers(s) | Superior Plus |
| Deal Type | Divestiture |
| Deal Value | 725M USD |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1994 |
| PE ASSETS | 5.0B CAD |
| Size | Large |
| Type | Sector Agnostic |
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 | 43 of 47 |
| Sector (Chemicals) | 2 of 2 |
| Type (Divestiture) | 6 of 8 |
| State (Ontario) | 24 of 27 |
| Country (Canada) | 37 of 41 |
| Year (2021) | 1 of 1 |
| Size (of disclosed) | 1 of 8 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-01-19 |
Harbour Air
Richmond, British Columbia, Canada 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. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-03-15 |
Terrapure Environmental
Burlington, Ontario, Canada Terrapure Environmental is a provider of industrial waste management and resource recovery. The company provides services that minimize the waste produced by clients’ industrial processes and recycles used oil and metals products for resale. Terrapure Environmental was founded in 2015 and is based in Burlington, Ontario. |
Sell | CA$928M |
| Category | Company |
|---|---|
| Founded | 1989 |
| Sector | Diversified |
| Employees | 4,261 |
| Revenue | 3.4B CAD (2023) |
Superior Plus is a diversified company that engages in the energy distribution and specialty chemicals business. The company operates two separate businesses: Energy Distribution and Specialty Chemicals. All of the businesses are operated on the principles of entrepreneurship, continuous improvement, executing on objectives, safety, and teamwork. Superior Plus was founded in 1989 and is headquartered in Toronto, Ontario.
| DEAL STATS | # |
|---|---|
| Overall | 4 of 4 |
| Sector (Chemicals) | 1 of 1 |
| Type (Divestiture) | 4 of 4 |
| State (Ontario) | 2 of 2 |
| Country (Canada) | 2 of 2 |
| Year (2021) | 1 of 1 |
| Size (of disclosed) | 1 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-02-11 |
Highlands Propane
Fenelon Falls, Ontario, Canada Highlands Propane is a primarily residential propane distributor based in Fenelon Falls, Ontario, and delivers approximately 13 million liters of propane annually. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-04-22 |
Freeman Gas
Spartanburg, South Carolina, United States Freeman Gas is one of the oldest and largest home propane suppliers and providing prompt service and affordable propane to customers. Freeman Gas offers a variety of high-performance, quality products like propane tankless water heaters, fireplaces, gas logs, and grills. Freeman Gas was founded in 1936 and is based in Spartanburg, South Carolina. |
Buy | $170M |
