Toronto, June 27, 2011 Ironbridge Equity Partners of Toronto (“Ironbridge”) is pleased to announce that it, together with management, has acquired Hank’s Maintenance and Service Co Ltd. (“Hank’s”) from members of the Walkom Family.
About Hank’s Maintenance & Service Co. Ltd.
Founded in 1968, Hank’s is an oil well maintenance business providing in-field services, parts sales and engine sales and rentals. Hank’s is based in Estevan, Saskatchewan and serves the large and growing Bakken Oil Field, located in greater Southeastern Saskatchewan. Hank’s is recognized by customers as the market leader for maintenance services in the Canadian Bakken.
About Ironbridge Equity Partners
Ironbridge invests in Canadian middle-market businesses operating in a broad range of industries including manufacturing, distribution, and consumer and business products and services. We provide equity capital for management buyouts, expansions, recapitalizations, restructurings and owner/operators who would like to retire and sell their business. We will make equity investments from $5 million to over $30 million. The Ironbridge investment team has extensive financial and operating experience and works closely with the management teams of its portfolio companies to enhance value.