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First National Financial is being acquired for $2.9 billion by private equity giants

  • Writer: ClearView Insider
    ClearView Insider
  • Aug 25, 2025
  • 1 min read

First National Financial is being acquired for $2.9 billion by private equity giants Birch Hill Equity Partners and Brookfield Asset Management.


Founders Stephen Smith and Moray Tawse will retain minority stakes, while CEO Jason Ellis and the leadership team stay on to manage over $153B in mortgages across 325,000+ clients.


Winnipeg Sun. “Birch Hill, Brookfield buying First National Financial in $2.9-billion deal.” Published August 2025. https://winnipegsun.com/pmn/birch-hill-brookfield-buying-first-national-financial-in-2-9-billion-deal


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