Ironbridge Equity Partners announces the acquisition of the Frost Fighter Division (“Frost Fighter”) of Industrial Commercial Equipment Manufacturing Ltd.

(Toronto, December 2, 2011) Ironbridge Equity Partners of Toronto (“Ironbridge”) is pleased to announce that it, together with management, has acquired the Frost Fighter Division (“Frost Fighter”) of Industrial Commercial Equipment Manufacturing Ltd.

For over 35 years, Frost Fighter has been one of the North American leaders in the design and manufacturing of harsh environment portable heating solutions for industrial and commercial applications. Frost Fighter produces a line of indirect and direct-fired heaters that are primarily sold to the rental industry for use in natural resource, oil and gas and construction applications. Frost Fighter in located in Winnipeg, Manitoba.

Ironbridge invests in Canadian middle-market businesses operating in a broad range of industries including manufacturing, distribution, and consumer and business products and services. The Ironbridge investment team has extensive financial and operating experience and works closely with the management teams of its portfolio companies to enhance value.