Birch Hill and Brookfield to acquire First National Financial for $2.9bn.

Birch Hill, a mid-market private equity firm, and Brookfield, an investment management company, agreed to acquire First National Financial, a financial services company, for $2.9bn. "This Transaction represents the start of an exciting new chapter for First National. Birch Hill and Brookeld bring signicant expertise in the Canadian nancial services industry, and we are excited to partner with them to grow our platform, drive innovation, and deliver for our customers, employees and institutional partners," Jason Ellis, First National CEO.