Birch Hill and Brookfield completed the acquisition of First National Financial for C$2.9bn.

Birch Hill, a mid-market private equity firm, and Brookfield, an investment management company, completed the acquisition of First National Financial, a financial services company, for C$2.9bn. "This Transaction represents the start of an exciting new chapter for First National. Birch Hill and Brookeld bring significant expertise in the Canadian financial 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.