Ontario Teachers', USS to buy crematoria developer Westerleigh
Ontario Teachers' Pension Plan and Universities Superannuation Scheme (USS) have agreed to acquire Westerleigh Group, a British private developer and operator of crematoria and cemeteries. No financial terms were released for the deal, which is expected to close this year. The seller is European private equity firm Antin Infrastructure Partners, which first invested in Westerleigh in March 2013. Founded in 1991, Westerleigh today facilitates more than 30,000 funerals per year across its 22 sites. Ontario Teachers' Andrew Claerhout said the acquisition will support the company's continued growth.
10 November 2016•3 mins read
