Canadian private equity firm Birch Hill Equity Partners recently acquired Cannon Hygiene Canada in partnership with Peter Farrell, the company’s president and CEO. No financial terms were disclosed. Toronto-based Cannon Canada is a fixed route logistics business that provides washroom hygiene, pest control and life safety services and products in Ontario and Québec. The partnership with Birch Hill is intended to accelerate the company’s plan “to become the leading service provider for hygiene and pest control in Canada,” Farrell said. The global Cannon Hygiene was founded in the United Kingdom in 1955. Farrell has led its Canadian operations since 1996.
Birch Hill Equity Partners is pleased to announce a partnership with Peter Farrell for the acquisition of Cannon Hygiene Canada
(Toronto – April 15, 2016) Birch Hill Equity Partners is pleased to announce the acquisition of the Cannon Hygiene Canada (“Cannon Canada”) business in partnership with President and CEO, Peter Farrell. The company will be re-branding following the acquisition and the transaction does not have an impact on Cannon operations outside of Canada.
“Our long term growth plan is to become the leading service provider for hygiene and pest control in Canada, and with Birch Hill as our financial partner, we are confident we can accelerate this plan.” Peter Farrell said.
Cannon Canada is a fixed route logistics business that provides washroom hygiene, pest control and life safety services and products in Ontario and Quebec. Cannon Canada is headquartered in Toronto with offices in London, Ottawa, Montreal, Quebec City and Trois-Rivières.
“Partnering with Peter and his team is an appealing opportunity to invest in a platform that is poised for growth, as every ‘away from home’ business is a potential customer.” said David Samuel, a Partner at Birch Hill.
With over $3 billion in capital under management, Birch Hill Equity Partners invests in leading Canadian middle-market businesses. Birch Hill’s team has many years of experience working together as an active partner with top management teams in building long term value. Since 1994, Birch Hill has made 57 investments with 36 now fully realized.
Contact: Peter Farrell President and CEO Cannon Hygiene Canada 905-946-1711 cannonservices.ca
Photo courtesy Cannon Hygiene