Cott Corporation completed its acquisition of AquaTerra Corporation (AquaTerra), a portfolio company of Birch Hill Equity Partners Management Inc. (Birch Hill), for approximately $62 million. The acquisition was funded using cash on hand and borrowings under Cott’s asset based lending facility.
AquaTerra is Canada’s oldest and largest direct-to-consumer home and office water delivery business that delivers premium brands of water, coffee and tea, refreshments, and break room supplies.
Cott Corporation is one of the world’s largest producers of beverages on behalf of retailers, brand owners and distributors.
Cott Corporation was represented in-house by Marni Poe, Vice President, General Counsel and Secretary, Michael James, Corporate Counsel and Jeff Phillips, DS Services Director of Legal, and externally in Canada by Goodmans LLP with a team that included Stephen Bloom, Neil Sheehy, Kirk Rauliuk and Jamie Habert (corporate), Michael Koch and Richard Annan (regulatory), Susan Garvie (employment), John Alton (benefits), Ira Barkin and Tyler D’Angelo (real estate), Tom Macdonald (environmental), Amalia Berg (IP), and Alan Bowman and Michael Royal (tax), and in the United States by Drinker Biddle & Reath LLP with a team that included Jack Michel, Matthew Meyers, Aggeliki Delimaris and Judith McCarthy (corporate) and Jill Bronson and Eirik Tellefsen (finance).
Birch Hill and AquaTerra were represented by Torys LLP
with a team led by Guy Berman and included Paul Budovitch, Simon Williams, Braden Jebson and Kevin Armitage.