Investment Summary

Birch Hill Equity Partners Invests In Tidewater

On September 10, 2018, private equity firm Birch Hill Equity Partners invested in oil/gas exploration company Tidewater from AltaGas

Investment Highlights
  • This is Birch Hill Equity Partners’ 2nd transaction in the Oil/Gas Exploration sector.
  • This is Birch Hill Equity Partners’ 33rd transaction in Canada.
  • This is Birch Hill Equity Partners’ 3rd transaction in Alberta.

Investment Summary

Date 2018-09-10
Target Tidewater
Sector Oil/Gas Exploration
Investor(s) Birch Hill Equity Partners
Sellers(s) AltaGas
Deal Type Stake Purchase

Target

Tidewater

Calgary, Alberta, Canada
Tidewater is a diversified midstream and energy infrastructure business with transmission, transportation, processing, marketing, and terminalling assets across Alberta and B.C. Tidewater provides solutions to upstream oil and gas producers to efficiently and sustainably get their products to market using Tidewater’s unique and integrated asset base. Tidewater was founded in 2015 and is based in Calgary, Alberta.

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Investor(S) 1

Investor

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 39 of 48
Sector: Oil/Gas Exploration M&A 2 of 2
Type: Stake Purchase M&A Deals 1 of 2
State: Alberta M&A 3 of 4
Country: Canada M&A 33 of 42
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-27 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-01 Campus Energy

Calgary, Alberta, Canada

Campus Energy is an energy infrastructure company with assets that include natural gas transmission pipeline systems in Alberta and Saskatchewan; natural gas gathering and processing facilities in Alberta and Saskatchewan; a Liquified Natural Gas (LNG) processing facility in British Columbia; and power peaking units in Alberta. Campus Energy was founded in 2001 and is based in Calgary, Alberta.

Buy -

Seller(S) 1

SELLER

AltaGas

Calgary, Alberta, Canada

Category Company
Founded 1994
Sector Renewable Energy
Employees2,926
Revenue 12.4B CAD (2024)
DESCRIPTION

AltaGas is an independent Canadian midstream company that operates as a diversified operator and developer of gas and power infrastructure. Today, its gas business gathers, processes, transports, distributes, stores, and markets natural gas and natural gas liquids (NGLs), touching more than 2 Bcf/d of gas from coast to coast to coast in Canada. AltaGas was incorporated in 1994 and is based in Calgary, Canada.


DEAL STATS #
Overall 1 of 2
Sector: Oil/Gas Exploration M&A 1 of 1
Type: Stake Purchase M&A Deals 1 of 1
State: Alberta M&A 1 of 2
Country: Canada M&A 1 of 2
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-25 WGL Holdings

Washington, District of Columbia, United States

WGL Holdings, Inc. is a provider of natural gas, electricity, green power and energy services, including generation, storage, transportation, distribution, supply and efficiency.

Buy $6.4B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-01 AltaGas - Energy Infrastructure and Supply Assets

Calgary, Alberta, Canada

AltaGas Ltd. - Energy Infrastructure and Supply Assets are located throughout Western Canada and include two natural gas transmission pipeline systems, five natural gas gathering and processing facilities, an LNG processing facility, and two power peaking units. The company's energy supply solutions include providing natural gas and electricity to customers in British Columbia, Alberta, Saskatchewan, Manitoba, and Ontario.

Sell -