Stericycle closes $2.3 bln buy of Birch Hill's Shred-it International
Stericycle Inc (NASDAQ: SRCL) has closed its purchase of Shred-it International Inc, a Canadian provider of secure information destruction services. As reported by PE Hub Canada in July, Stericycle agreed to pay US$2.3 billion to acquire the business from Canadian private equity firm Birch Hill Equity Partners, Cintas Corp and other equity holders. It said the deal will add business-to-business compliance solutions and help expand Stericycle's global reach. Oakville, Ont.-based Shred-it, which planned an initial public offering prior to the acquisition's announcement, has been a portfolio company of Birch Hill and other investors since 2009.
2 October 2015•4 mins read
