M&A Deal Summary

Primo Water Acquires Aquaterra

On January 8, 2016, Primo Water acquired beverage company Aquaterra from Birch Hill Equity Partners for 62M CAD

Acquisition Highlights
  • This is Primo Water’s 4th transaction in the Beverages sector.
  • This is Primo Water’s 5th largest (disclosed) transaction.
  • This is Primo Water’s 1st transaction in Canada.
  • This is Primo Water’s 1st transaction in Ontario.

M&A Deal Summary
Date 2016-01-08
Target Aquaterra
Sector Beverages
Buyer(s) Primo Water
Sellers(s) Birch Hill Equity Partners
Deal Type Add-on Acquisition
Deal Value 62M CAD

Target

Aquaterra

Toronto, Ontario, Canada
Aquaterra Corporation Ltd. is a distributor and manufacturer of large format bottled water.

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Buyer(S) 1

Buyer

Primo Water

Tampa, Florida, United States
Category Company
Founded 1955
Sector Beverages
Employees9,230
Revenue 1.8B USD (2023)
DESCRIPTION

Primo Water provides pure-play water solutions for residential and commercial customers. It offers bottled water, water dispensers, purified bottled water, self-service refill drinking water, premium spring, mineral water, sparkling and flavored water, filtration equipment, and coffee. Primo Water was founded in 1955 and is based in Tampa, Florida.

DEAL STATS #
Overall 5 of 21
Sector (Beverages) 4 of 15
Type (Add-on Acquisition) 5 of 19
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2016) 1 of 3
Size (of disclosed) 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-12 DSS Group

Atlanta, Georgia, United States

DSS Group Inc. is a bottled water and coffee direct-to-consumer services provider in the United States.

Buy $1.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-07 Eden Springs International

Préverenges, Switzerland

Eden Springs International is a provider of water and coffee solutions for offices. Eden Springs offers a variety of integrated water and coffee solutions designed to cater to a wide range of tastes and requirements of a diverse customer base.

Buy €470M

Seller(S) 1

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 26 of 37
Sector (Beverages) 1 of 1
Type (Add-on Acquisition) 11 of 17
State (Ontario) 15 of 20
Country (Canada) 22 of 30
Year (2016) 1 of 4
Size (of disclosed) 10 of 13
PREVIOUS 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
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-15 Citron Hygiene

Markham, Ontario, Canada

Citron Hygiene is a provider of commercial washroom & foodservice hygiene, pest control solutions, warewash & chemical solutions and a broad range of other facility-based products & services. Citron Hygiene was established in 1974 and is headquartered in Markham, Ontario.

Buy -
Mergr

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