Toronto, February 15, 2011 Ironbridge Equity Partners of Toronto (“Ironbridge”) is pleased to announce that it, together with management, has acquired L&C Trucking Ltd. (“L&C”) from members of the Christenson Family.
About LaFrentz & Christenson Trucking Ltd.
Founded in 1956, L&C is an oilfield logistics business providing pipe custodian services and 24-hour oilfield hauling for pipe, tanks, drill collars, mats and drilling fluid. L&C is based in Estevan, Saskatchewan and serves the Bakken Oil Field, located in the greater Southeastern Saskatchewan area. L&C is uniquely positioned to be the hauler of choice as it is responsible for pipe inventory management for several oilfield pipe supply companies.
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.