Ironbridge Equity Partners completes partnership with Les Industries Cendrex Inc.peterdowse
(Montreal, August 12, 2021) Ironbridge Equity Partners (“Ironbridge”) of Toronto, Ontario is pleased to announce that they, together with management, have acquired a controlling interest in Les Industries Cendrex Inc. (“Cendrex” or the “Company”), from BDG & Partners and Fonds de solidarité FTQ.
Cendrex, based in Montreal, QC, is a leading manufacturer of high-quality standard and made-to-order access doors for the North American residential and non-residential construction market. The Company designs, manufactures, and sells its wide variety of SKUs to building product distributors and retailers. Founded in 1985, Cendrex has grown to 70 employees and has a network of nine distribution centres across North America.
“Cendrex has generated consistent growth over two decades and continues to demonstrate its ability to penetrate new markets while providing exceptional service quality and lead times,” said Peter Samson, Managing Partner at Ironbridge. “We believe that Cendrex is a very attractive business and we are excited to support management through the Company’s next chapter of growth.”
“We have developed a strong platform over the years and look forward to working with the Ironbridge team to further scale and grow the business,” said Francine Pomerleau, President and CEO of Cendrex. “Cendrex is very pleased to bring on board such a strategic and engaged new partner.”
For more information, contact:
Ironbridge Equity Partners
President & CEO
Les Industries Cendrex Inc.