Birch Hill Equity Partners to acquire a 72.1% stake in Velan from Velan Holding for CAD203.9m.

Birch Hill Equity Partners, a private equity firm, agreed to acquire a 72.1% stake in Velan, a manufacturer of highly engineered industrial valves, from Velan Holding, the private holding company of Velan, for CAD203.9m. “We are excited to welcome Birch Hill as a long-term partner in Velan’s continued journey. Birch Hill’s demonstrated success supporting Canadian leaders aligns with our strategy and values. By combining their deep operational expertise and improved access to capital, we will be in a strong position to focus on accelerating execution of our business plans and working to deliver exceptional value to our customers, employees, shareholders, and other stakeholders. The Company continues to draw inspiration from and aspire to further the remarkable 75-year legacy of the founder of our business, A.K. Velan, and the leadership provided by the Velan family," James A. Mannebach, Velan CEO.