Ironbridge Equity Partners completes sale of Alumni Educational Solutions
(Toronto – September 24, 2024) – Ironbridge Equity Partners (“Ironbridge”) of Toronto, Ontario is pleased to announce that they, together with management, have completed the sale of Alumni Educational Solutions (“Alumni” or the “Company”) to an equity consortium led by Castle Harlan.
The financial terms of the transaction were not disclosed.
Over the course of its investment, Ironbridge supported management’s growth initiatives by expanding the U.S. sales network, managing succession, and enhancing Alumni’s go-to-market strategy and product offerings.
“Our partnership with Alumni has been exceptional, marked by shared commitment and collaboration to drive growth,” said Andrew Walton, Managing Partner at Ironbridge. “We extend our best wishes to management for their continued success and express our gratitude to the original founders for their contributions over the years.”
“Ironbridge has been an outstanding partner to Alumni and its leadership team,” said Dave Godwin, Founder of Alumni. “Their strategic guidance has been invaluable as we evolved into a true multinational platform. We look forward to watching the management team continue to build on this foundation under new ownership.”
Alumni is the first exit from Ironbridge’s third private equity fund, Ironbridge Equity Partners III, LP, a fully committed $238 million fund.
Lincoln International LLC acted as sell-side advisor. Davies acted as legal counsel and KPMG LLP acted as financial due diligence and tax advisor.
Alumni is a leading manufacturer and distributor of educational furniture for the pre-school through grade twelve market. Founded in 2004, the company’s mission is to create classroom environments that allow the best learning opportunities and outcomes for students. The company’s portfolio of education furniture solutions is focused on creating collaborative furniture that fits with today’s 21st century classroom. Alumni operates from three facilities in Canada, the United States and China to serve customers across North America.
The Ironbridge team of seventeen investment professionals invests in Canadian lower middle-market businesses operating in a broad range of industries including manufacturing, distribution, and consumer and business products and services. Ironbridge has extensive financial and operating experience and works closely with the management of its portfolio companies to enhance value.
For more information, contact:
Andrew Walton
Managing Partner
Ironbridge Equity Partners
(416) 867-2274
www.ironbridgeequity.com
David Godwin
Founder
Alumni Educational Solutions
(833) 939-9300
www.alumnieducationalsolutions.com
Jason DeWeerd
CEO
Alumni Educational Solutions
(616) 260-6888
www.alumnieducationalsolutions.com