Ironbridge Equity Partners completes sale of Back in Motion Rehab Inc.Daivik Doshi
(Toronto – September 15, 2022) Ironbridge Equity Partners (“Ironbridge”) of Toronto, Ontario is pleased to announce that they, together with management, have completed the sale of Back in Motion Rehab Inc. (“Back in Motion” or the “Company”) to an entity controlled by Yorkville Asset Management Inc. (“Yorkville”).
The financial terms of the transaction were not disclosed.
Over the course of its investment, Ironbridge supported management’s efforts to build out their program capabilities and geographic presence across the greater Vancouver area.
“The Back in Motion team were excellent partners and have worked hard to strengthen, diversify, and expand their service offerings to clients. The past two years have been a difficult period for the entire industry and the team has persevered and succeeded,” said Peter Samson, Managing Partner at Ironbridge. “We wish them all the best in their new partnership with Yorkville”
“Ironbridge was a great partner for Back in Motion. They stood by us during a very difficult time for our organization and it is thanks to the strong partnership that we were able to successfully tackle the challenges we faced.” said Philippe De Clerck. “We are grateful for the support we received from the Ironbridge team and are excited for this next chapter with Yorkville.”
Back in Motion is the seventh investment in Ironbridge’s second private equity fund, Ironbridge Equity Partners II, LP, a fully-committed $154 million fund.
About Back In Motion:
Back in Motion is a leading provider of employment, rehabilitation and physiotherapy services. For over 25 years, the Company has been dedicated to helping people overcome barriers and reach their full employment potential. Back in Motion delivers flexible, accessible interdisciplinary rehabilitation, disability management and employment services that recognize the uniqueness of each person. With a staff of over 300 dedicated, enthusiastic people, it serves communities across Metro Vancouver.
Ironbridge is a Canadian private equity firm whose strategy is to make equity and equity-linked investments in high-quality, mid-market, Canadian private companies. Target industries include consumer and business products and services, manufacturing, and distribution. The operating background of the principals enables Ironbridge to be a high-value partner to management teams as they seek to improve and grow their businesses. Ironbridge’s assets under management are over $700 million including its fourth private equity fund, Ironbridge Equity Partners IV, LP, a fully-committed $383 million fund raised in November, 2021.
For more information, contact:
Ironbridge Equity Partners
Philippe De Clerck
Back in Motion Rehab Inc.