M&A Deal Summary

Hillcore Group Acquires Atlantic Retirement Group - Seniors Living Homes

On January 29, 2018, asset manager Hillcore Group acquired consumer services company Atlantic Retirement Group - Seniors Living Homes from Atlantic Retirement Group for 70M USD

Acquisition Highlights
  • This is Hillcore Group’s 1st transaction in the Consumer Services sector.
  • This is Hillcore Group’s largest (disclosed) transaction.
  • This is Hillcore Group’s 5th transaction in Canada.
  • This is Hillcore Group’s 1st transaction in New Brunswick.

M&A Deal Summary
Date 2018-01-29
Target Atlantic Retirement Group - Seniors Living Homes
Sector Consumer Services
Buyer(s) Hillcore Group
Sellers(s) Atlantic Retirement Group
Deal Type Divestiture
Deal Value 70M USD

Target

Atlantic Retirement Group - Seniors Living Homes

New Brunswick, Canada
Atlantic Retirement Group's Seniors Living Homes consists of a portfolio of seniors living and residential properties located in New Brunswick.

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Buyer(S) 1

Buyer

Hillcore Group

Toronto, Ontario, Canada
Category Asset Manager
Founded 2005
Size Large
Type Sector Focused
DESCRIPTION

Hillcore Group is a diversified Canadian investment and advisory firm. Hillcore operates through a variety of sector specific investment groups. These include life science, real estate, senior living, financial services, technology, industrial, energy, and agriculture. Hillcore will consider a variety of acquisition situations but generally prefers to partner with management in support of buyouts or buy-ins. Hillcore also considers shareholder liquidity situations. Hillcore Group was formed in 2005 and is based in Toronto.

DEAL STATS #
Overall 5 of 15
Sector (Consumer Services) 1 of 1
Type (Divestiture) 1 of 1
State (New Brunswick) 1 of 1
Country (Canada) 5 of 15
Year (2018) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-08 Academy Fabricators Group

Edmonton, Alberta, Canada

Academy Fabricators Group is a provider of pipeline and pipe spooling fabricators and also offer specialty fabricating and structural fabricating. Academy Fabricators Group was founded in 1995 and is based in Edmonton, Alberta.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-13 Lakeside Pacific Forest Products

Chilliwack, British Columbia, Canada

Lakeside Pacific Forest Products is a forestry company with extensive operations in B.C. Lakeside Pacific Forest Products was founded in 1970 and is based in Chilliwack, British Colombia.

Buy -

Seller(S) 1

SELLER

Atlantic Retirement Group

Newburyport, Massachusetts, United States
Category Company
Sector Consumer Services
DESCRIPTION

Atlantic Retirement Group LLC is a provider of senior living services. Atlantic Retirement Group is based in Newburyport, Massachusetts.

DEAL STATS #
Overall 1 of 1
Sector (Consumer Services) 1 of 1
Type (Divestiture) 1 of 1
State (New Brunswick) 1 of 1
Country (Canada) 1 of 1
Year (2018) 1 of 1
Size (of disclosed) 1 of 1
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