Garant Bros Drilling LP merges with Orbit Drilling to create Orbit Garant Drilling Inc.marcslater
(Toronto, February 1, 2007) Ironbridge Equity Partners Inc. (“Ironbridge”) is pleased to announce the merger of Garant Bros Drilling LP (“Garant”) with Orbit Drilling to create Orbit Garant Drilling Inc. (the “Company”), one of the largest surface and underground drilling companies in Canada. Ironbridge led the structuring and financing of the transaction and will continue to control the Company.
The Company has a modern fleet of surface and underground drilling rigs operating in Quebec, Ontario, Manitoba, Guyana and Suriname where it services top-tier multinational and junior mining customers. The Company’s clients are typically involved in the exploration and production of copper, zinc and gold.
Garant’s President, Michel Mathieu, will serve as Vice-Chairman of the Company and Pierre Alexandre, the former CEO of Orbit, will serve as CEO of the Company. The Ironbridge team looks forward to continuing its successful relationship with Michel and is excited to work with Pierre, an innovative business leader with over 25 years’ experience in the drilling business, to grow the Company.
Ironbridge Equity Partners Inc. invests in leading Canadian middle-market businesses in a broad range of industries including manufacturing, distribution, consumer and business products and services. The Ironbridge investment team has extensive financial and operating experience and is an active partner of top management teams in building long-term value.
For more information about Ironbridge Equity Partners, please visit www.ironbridgeequity.com.