Birch Hill Equity Partners, Fondaction CSN invest in Maskatel-Xittel merger
Maskatel, a telecommunications company based in Saint-Hyacinthe, Québec, has agreed to combine with Xittel, a telecommunications service provider based in Trois-Rivières, Québec. The transaction, the financial details of which were not disclosed, is expected to be completed in the coming months. Maskatel and Xittel said their merger will create a new telecommunications business that will be a leader in Québec’s regional markets. Maskatel is a portfolio investment of Birch Hill Equity Partners, while Xittel is a portfolio investment of Fondaction CSN. Birch Hill and Fondaction CSN provided undisclosed financial support to make the merger agreement possible.
27 February 2015•4 mins read
