M&A Deal Summary

Birch Hill Equity Partners Acquires Rexall

On September 5, 2024, private equity firm Birch Hill Equity Partners acquired retailer Rexall from McKesson

Acquisition Highlights
  • This is Birch Hill Equity Partners’ 4th transaction in the Retail sector.
  • This is Birch Hill Equity Partners’ 42nd transaction in Canada.
  • This is Birch Hill Equity Partners’ 28th transaction in Ontario.

M&A Deal Summary

Date 2024-09-05
Target Rexall
Sector Retail
Buyer(s) Birch Hill Equity Partners
Sellers(s) McKesson
Deal Type Divestiture

Target

Rexall

Mississauga, Ontario, Canada
Rexall is a provider of pharmacy & drugstore operators. Rexall was formed in 1904 and is based in Mississauga, Ontario.

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Buyer(S) 1

Buyer

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 48 of 48
Sector: Retail M&A 4 of 4
Type: Divestiture M&A Deals 8 of 8
State: Ontario M&A 28 of 28
Country: Canada M&A 42 of 42
Year: 2024 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-05 Well.ca

Toronto, Ontario, Canada

Well.ca is an online destination for health, wellness, natural, and baby products. Well.ca was formed in 2008 and is based in Toronto, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-02 CCM Hockey

Montreal, Quebec, Canada

CCM Hockey is a designer, manufacturer, and marketer of hockey equipment and related apparel. With operations in Canada, the United States, and Europe. CCM Hockey was founded in 1899 and is based in Montreal, Quebec.

Sell -

Seller(S) 1

SELLER

McKesson

Irving, Texas, United States

Category Company
Founded 1833
Sector Information Technology
Employees45,000
Revenue 309.0B USD (2024)
DESCRIPTION
McKesson office in The Woodlands, Texas.
McKesson office in The Woodlands, Texas.

McKesson is a health care services and information technology company that helps its customers improve their financial, operational, and clinical performance with solutions that include pharmaceutical and medical-surgical supply management, health care information technology, and business and clinical services. McKesson was founded in 1833 and is based in Irving, Texas.


DEAL STATS #
Overall 19 of 19
Sector: Retail M&A 1 of 1
Type: Divestiture M&A Deals 19 of 19
State: Ontario M&A 2 of 2
Country: Canada M&A 2 of 2
Year: 2024 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-05 Well.ca

Toronto, Ontario, Canada

Well.ca is an online destination for health, wellness, natural, and baby products. Well.ca was formed in 2008 and is based in Toronto, Ontario.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-04-08 Prism Vision Group

New Providence, New Jersey, United States

Prism Vision Group is a retina and general ophthalmology practice management company. PRISM Vision Group is a physician-led organization that aims to support ophthalmology practices in providing patients with world-class, comprehensive care. Prism Vision Group was founded in 1979 and is based in New Providence, New Jersey.

Buy -