First National Financial Corp. has agreed to be acquired by Regal Bidco Inc., controlled by Birch Hill Equity Partners and Brookfield Asset Management, for C$48.00 per share in cash, totaling approximately C$2.9 billion. Founders Stephen Smith and Moray Tawse will sell two-thirds of their shares, maintaining an indirect 19% interest post-transaction. The deal is expected to close in Q4 2025, pending shareholder and regulatory approvals. The purchase price is a 15.2% premium to the 30-day trading average. First National plans to continue its monthly dividend payments until the transaction closes.

Read more at NASDAQ: First National Financial To Be Acquired By Birch Hill Equity Partners, Brookfield In C$2.9 Bln Deal