Ontario Teachers’ Pension Plan to acquire HomeQ from Birch Hill.

Ontario Teachers’ Pension Plan, an administrator of Canada’s largest single-profession pension plan, agreed to acquire HomeQ, a provider of mortgage financing services, from Birch Hill, a private equity firm. Financial terms are not disclosed. “We are excited about the value Ontario Teachers’ will bring as we continue to serve Canada’s rapidly growing retiree population. Its long-term capital profile, track record of delivering retirement solutions and our shared vision of making a positive impact on the lives of retired Canadians makes Ontario Teachers’ a natural partner for us,” Steven Ranson, HomeEquity Bank President and CEO.