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Birch Hill and Brookfield acquire First National Financial

Jul 28, 2025•10 days ago

Acquiring Company

Brookfield Asset Management

Acquired Company

First National

New YorkTorontoFinanceFinancial ServicesBankingLendingFinanceFinancial Services

Description

Birch Hill Equity Partners and Brookfield Asset Management have agreed to acquire First National Financial in a $2.9 billion deal. The acquisition vehicle will allow them to purchase shares at a premium price of $48 each. Founders Stephen Smith and Moray Tawse will keep significant stakes in the firm. This strategic decision follows a comprehensive review of the company's value and liquidity options.

Company Information

Company

Brookfield Asset Management

Location

New York, New York, United States

About

Brookfield Asset Management Ltd. (NYSE: BAM, TSX: BAM) is a leading global alternative asset manager with $850 billion of assets under management across renewable power and transition, infrastructure, private equity, real estate, and credit. We invest client capital for the long-term with a focus on real assets and essential service businesses that form the backbone of the global economy. We offer a range of alternative investment products to investors around the world — including public and private pension plans, endowments and foundations, sovereign wealth funds, financial institutions, insurance companies and private wealth investors. We draw on Brookfield’s heritage as an owner and operator to invest for value and generate strong returns for our clients, across economic cycles. For more information, please visit our website at https://bam.brookfield.com or contact:

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed