(Toronto – September 22, 2021) Ironbridge Equity Partners (“Ironbridge”) of Toronto, Ontario is pleased to announce that they, together with management, have completed the sale of Alliance Corporation (“Alliance” or the “company”) to an entity controlled by Lee Equity Partners (“Lee”) and Twin Point Capital (“Twin Point”).
The financial terms of the transaction were not disclosed.
Over the course of its investment, Ironbridge supported management’s efforts to build out a significant U.S. presence, expand cable termination capabilities, and improve internal systems and processes.
“The Alliance management team were exceptional partners and did an impressive job executing the growth strategy,” said Andrew Walton, Partner of Ironbridge. “We are grateful for the collaborative partnership with management over the last six years and wish them all the best in their new partnership with Lee and Twin Point.”
“Ironbridge was a great partner for the Alliance management team,” said Ron Moss, President and CEO of Alliance. “They provided valuable insights and guidance as we executed our strategic plan and navigated the strong growth experienced by the business. We thank the Ironbridge team for their support and are excited for the next chapter.”
Alliance was the fourth investment in Ironbridge’s second private equity fund, Ironbridge Equity Partners II, LP, a fully-committed $154 million fund.
Alliance is Canada’s largest value-added distributor of wireless communications technology and is one of the fastest growing distributors in the United States, providing mission-critical solutions to the leading wireless carriers across North America. As one of only two scaled North American distributors with cable termination capabilities, the company supports the construction, maintenance, and upgrade of cellular towers, indoor cellular service, and broadband internet.
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 $400 million including its third private equity fund, Ironbridge Equity Partners III, LP, a fully-committed $238 million fund raised in April 2016.
For more information, contact:
Ironbridge Equity Partners
President & CEO