Tag - 2014

Ironbridge sells Frost Fighter Inc.

(Toronto – October 1, 2014) Ironbridge Equity Partners (“Ironbridge”) of Toronto, ON is pleased to announce the successful sale of Frost Fighter Inc. (“Frost Fighter” or the “Company”), a leading manufacturer of high-quality, temporary portable heating equipment, to Headwater Equity Partners of Vancouver, BC. Ironbridge partnered with the existing management to acquire the business in December, 2011. The financial terms of the transaction were not disclosed.

About Frost Fighter:

Frost Fighter is a manufacturer of temporary portable heating solutions used in harsh weather environments. The Company’s products are primarily used in construction, oil and natural gas, mining and natural resources, industrial, agricultural and military applications across Canada and the United States. Frost Fighter’s corporate office and manufacturing plant is located in Winnipeg, MB.

About Ironbridge:

Ironbridge’s team of 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. The Ironbridge investment team has extensive financial and operating experience and works closely with the management teams of its portfolio companies to enhance value. Ironbridge is currently investing from its second private equity fund, Ironbridge Equity Partners II, LP, a fully-committed $154 million fund.

For more information, contact:

Alan Sellery
President and Managing Partner
Ironbridge Equity Partners
(416) 863-0101
info@ironbridgeequity.com
www.ironbridgeequity.com

Peter Dowse
Partner and Chief Financial Officer
Ironbridge Equity Partners
(416) 863-0106
info@ironbridgeequity.com
www.ironbridgeequity.com

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Ironbridge Equity Partners announces that they, together with management, have made an investment in M&M Resources Inc.

(TORONTO, July 30, 2014) – Ironbridge Equity Partners (“Ironbridge”) of Toronto, Ontario is pleased to announce that they, together with management, have made an investment in M&M Resources Inc. (“M&M” or the “Company”) of Fort Nelson, British Columbia (“BC”).

M&M is a leading energy services business focused on the oil and gas industry in northeast British Columbia and northwest Alberta. The Company services these geographies via locations in Fort Nelson and Fort St. John, BC. M&M’s veteran operators and extensive, well-maintained equipment fleet provide best-in-class land-clearing and trucking services. M&M provides these services for seismic land clearing, infrastructure, pipeline and well site development. M&M is well positioned in a region where international energy companies have made significant investments to access the prolific natural gas fields in the Liard, Horn and Montney basins.

“We have experienced material development in the region, due in part to the potential of liquefied natural gas (“LNG”) production on the West coast of Canada, and we look forward to our new partnership with Ironbridge. We believe that the Ironbridge team is well suited to support the growth of our business,” said Mike Barrette, President of M&M. “Ironbridge has demonstrated a proven track record of working with owner-operators and giving them the resources to grow. Ultimately, we believe this alliance will allow us to continue to provide superior service and scale to all of our First Nations partners and blue chip E&P customers.”

“We look forward to this new partnership with Mike and the M&M management team and believe the group has the experience and skill set to continue to develop and grow this business,” said Jeff Murphy, Partner at Ironbridge. “Mike and his team are ambitious and motivated to succeed –we are anxious to start working as a team on the next set of growth initiatives.”

M&M is the third investment in Ironbridge’s second private equity fund, Ironbridge Equity Partners II, LP, a fully-committed $154 million fund.

Ironbridge’s team of seven 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. The Ironbridge investment team has extensive financial and operating experience and works closely with the management teams of its portfolio companies to enhance value.

For more information, contact:

Jeff Murphy
Partner
Ironbridge Equity Partners
(416) 863-0107
info@ironbridgeequity.com
www.ironbridgeequity.com

 

Michael Barrette
President
M&M Resources Inc.
(250) 774-4862
mikeb@mmresinc.com
www.mmresinc.com

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Ironbridge completes the final closing of Fund II at CAD $154 million

(TORONTO, April 28, 2014) – Ironbridge Equity Partners (“Ironbridge”) today announced that it has completed the final closing for its second private equity fund, Ironbridge Equity Partners II, LP (the “Fund”), raising C$154 million from Canadian, US and UK investors and surpassing its initial target size of $125 million. The fund was oversubscribed by institutional investors and brings the fundraising process to a close in less than ten months of marketing.

Alan Sellery, Managing Partner of Ironbridge commented, “We are very pleased with the support we have received from both Canadian and international institutional investors. With over 60% of the capital sourced from outside Canada, we believe this is indicative of the attractiveness of the Canadian market and the quality of the investment opportunities that exist here.”

Ironbridge’s team of seven 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. The Ironbridge investment team has extensive financial and operating experience and works closely with the management teams of its portfolio companies to enhance value.

Elm Capital acted as the exclusive placement agent for the Fund.

For more information, contact:

Alan Sellery
Managing Partner
Ironbridge Equity Partners

(416) 863-0101
info@ironbridgeequity.com
www.ironbridgeequity.com

 

Etienne Deshormes
CEO
Elm Capital Associates Ltd
Elm Capital USA Ltd

+44 20 7901 8941
edeshormes@elmcapital.com
www.elmcapital.com

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Ironbridge completes the second closing of Fund II at over CAD $90 million

(TORONTO, Jan 6, 2014) – Ironbridge Equity Partners (“Ironbridge”) has completed a second closing from US and Canadian institutional investors, adding approximately $45 million of commitments to its second private equity fund, Ironbridge Equity Partners II, LP (the “Fund”). In less than six months of marketing, the Fund has received total commitments of over $90 million against a target of $125 million and an approximate hard cap of $150 million in capital. The Fund closed its first investment, Frischkorn Audio-Visual Corp., in October 2013.

Ironbridge’s team of seven 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. The Ironbridge investment team has extensive financial and operating experience and works closely with the management teams of its portfolio companies to enhance value.

Elm Capital is acting as the exclusive placement agent for the Fund.

For more information, contact:

Alan Sellery
Managing Partner
Ironbridge Equity Partners

(416) 863-0101
info@ironbridgeequity.com
www.ironbridgeequity.com

 

Etienne Deshormes
CEO
Elm Capital Associates Ltd
Elm Capital USA Ltd

+44 20 7901 8941
edeshormes@elmcapital.com
www.elmcapital.com

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