Birch Hill Equity Partners is pleased to announce the recent sale of Atria Networks LP
Toronto, January 4, 2011 − Atria Networks LP owns and operates one of Ontario’s largest fibreoptic networks. Its service territories include; Kitchener, Cambridge, Waterloo, Guelph, Hamilton, Halton Hills, Simcoe County, York Region, Huntsville, Minden, Kawartha Lakes,
Lindsay, Peterborough, Cornwall and Ottawa. Atria offers high-dependability broadband metro ethernet, internet and business continuity services as well as co-location and data storage.
Birch Hill made its initial investment in Atria in November 2006 with the acquisition of the network serving the Kitchener-Waterloo-Wellington-Guelph region. Subsequent to that initial investment, Atria acquired seven other networks in Ontario over the following four years. Due to these acquisitions and very substantial organic growth, the size of Atria grew more than eightfold during the four years of Birch Hill’s ownership.
On October 5, 2010, Birch Hill entered into an agreement to sell Atria Networks to Rogers Communications Inc. for $425 million. The transaction closed on January 4, 2011.
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.
Birch Hill Equity Partners Management Inc.