Markham Hydro Distribution Acquires Richmond Hill Hydro

On December 27, 2001, the Town of Richmond Hill completed the sale of Richmond Hill Hydro Inc. to Markham Hydro Distribution Inc. and Hydro Vaughan Distribution Inc. The transaction, valued at approximately $150 million, represents the second-largest sale of an electricity distribution utility in Ontario.

McCarthy Tétrault LLP represented Markham Hydro Distribution and Hydro Vaughan Distribution, with a team that included Michael Weizman, Stephen Walters and Greg Stone (business), James Morand (tax) and Frances Wright (real property); along with Rob Robinson, Town of Markham and Theresa Caron, City of Vaughan.

Borden Ladner Gervais LLP represented the Town of Richmond Hill, with a team that included Mark Rodger, William McLean, Bruce Fowler, Paul McCarten, Rick Coburn, James Sidlofsky and Kimberley Vooro; along with Teresa Kowalishin, Town of Richmond Hill.