(TORONTO, March 6, 2013) Ironbridge Equity Partners of Toronto (“Ironbridge”) is pleased to announce that it, together with Signal Hill Equity Partners (“Signal Hill”) and Penfund Management Ltd. (“Penfund”) have divested 100% of their equity stake in Shnier to Blue Point Capital Partners.
Founded in 1938, Shnier (www.shnier.ca) offers value-added products, programs and services to over 4,000 residential and commercial flooring customers,. Shnier is headquartered in Brampton, Ontario and operates five state-of-the-art warehouses, sales offices and showroom facilities across Canada.
Ironbridge (www.ironbridgeequity.com) invests in Canadian lower 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.
President & Managing Partner