Cott to acquire Birch Hill-backed Aquaterra for $62 mln
Cott Corp (NYSE: COT) (TSX: BCB) has agreed to acquire Aquaterra Corp, a portfolio company of Canadian private equity firm Birch Hill Equity Partners. The deal is valued at $62 million and is expected to close in January 2016. Founded in 1882 as Laurentian Water Co, Aquaterra delivers water, coffee and other kitchen supplies directly to homes and offices. Cott, a U.S.-based beverage producer, said the acquisition gives it a national direct-to-consumer route distribution fleet in Canada with about 70,000 customers. Aquaterra entered Birch Hill's portfolio in 2006 when the investor bought Danone Waters of Canada and renamed it Aquaterra. The company has since completed two acquisitions.
8 December 2015•6 mins read
