Tag - 2016

(Toronto – November 23, 2016) Ironbridge Equity Partners (“Ironbridge”) of Toronto, Ontario is pleased to announce that they, together with management, have entered into an agreement to sell Demers, Ambulance Manufacturer Inc. (“Demers” or the “Company”) to an entity controlled by Clearspring Capital Partners (“Clearspring”).

The financial terms of the transaction were not disclosed.

Over the course of its investment, Ironbridge worked alongside management to expand its distribution footprint in the U.S., open a U.S. manufacturing facility, improve internal systems and processes, and reduce required working capital needs.

“The Demers management team were excellent partners and did a tremendous job growing the business and executing the U.S. growth strategy” said Pete Samson, Managing Partner of Ironbridge. “We are very thankful for the constructive partnership with management and wish them all the best under Clearspring’s ownership.”

“Ironbridge was a great partner and sounding board for the Demers management team,” said Alain Brunelle, President of Demers. “Ironbridge helped us to stay focused on executing our strategic plan and growing the business. We thank the Ironbridge team for their support and are excited about our next stage of growth with Clearspring.”

Demers was the second investment in Ironbridge’s second private equity fund, Ironbridge Equity Partners II, LP, a fully-committed $154 million fund.

About Demers:

Headquartered in Beloeil, Quebec, Demers is the Canadian leader in ambulance design, manufacturing and distribution, and is the second-largest industry participant in North America. Demers produces state-of-the-art ambulances which are sold both directly to customers and indirectly through a dealer network. Demers serves over 400 clients composed mainly of government agencies, fire departments, public ambulance services, private ambulance services and hospitals. Through its commitment to quality and innovation, the Company offers best-in-class ambulances with a proven track record of long-term durability and efficient operating costs.

About Ironbridge:

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:

Peter Sampson
Managing Partner
Ironbridge Equity Partners
(416) 863-0102
www.ironbridgeequity.com

Alain Brunelle
President
Demers, Ambulance Manufacturer Inc.
(450) 467-4683 ext. 224
www.demers-ambulances.com

(TORONTO, May 3, 2016) – Ironbridge Equity Partners (“Ironbridge”) today announced that it has completed the first and final closing of its third private equity fund, Ironbridge Equity Partners III, LP (“Fund III” or the “Fund”). Ironbridge raised CAD $238 million from investors in Canada, the US, the UK and the Middle East, and surpassed its target of CAD $200 million. Fund III represents a 55% increase in capital from the predecessor vehicle, Ironbridge Equity Partners II, LP (“Fund II”) which had its final closing in April, 2014. Oversubscribed by institutional investors, the Fund closed at its hard cap within three months of launching and brings Ironbridge’s assets under management to over CAD $400 million.

Alan Sellery, Managing Partner of Ironbridge commented, “We are very pleased with the support we received from our existing investors, many of whom have materially increased their commitments to Fund III. We would also like to welcome our new investors to the Fund, and look forward to creating long-term relationships with these institutions and individuals. With the new Fund, we will continue to execute the same successful investing strategy that we have pursued since our founding in 2005: partner with exceptional management teams to facilitate owner-operator transitions, corporate carve-outs, turnarounds and growth financings in the Canadian lower middle-market.”

Ironbridge invests in a broad range of industries including manufacturing, distribution, and consumer and business products and services. Ironbridge’s nine investment professionals have extensive financial and operating experience, and work 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
www.ironbridgeequity.com

Etienne Deshormes
CEO
Elm Capital Associates Ltd
Elm Capital USA Ltd
+44 20 7901 8941
www.elmcapital.com

(TORONTO, March 14, 2016) – Ironbridge Equity Partners (“Ironbridge”) of Toronto, Ontario is pleased to announce that it, together with management, has made an investment in Thermogenics Inc. (“Thermogenics” or the “Company”) of Aurora, Ontario.

Originally established in 1975, Thermogenics is a leading manufacturer of coil-tube steam and hot-water boilers and related equipment used in industrial, commercial and institutional applications in the North American market. The Company also provides “best-in-class” parts and maintenance services to its installed base via its team of factory trained technicians. With its comprehensive product and service offering, Thermogenics functions as a “one-stop shop” for all of its customers’ heating and steam requirements. The Company currently operates out of a 27,000 square foot manufacturing and service facility in Aurora, Ontario and dedicated sales and service office located in Cincinnati, Ohio.

“We are anxious to begin working with Ironbridge on the next chapter of growth for Thermogenics,” said Bryan Heppell, President of Thermogenics. “We believe the breadth of operating experience and expertise that Ironbridge brings to the table, as well as their proven track record of success in partnering with owner-operators will provide us with the resources we need to scale and grow our business, without compromising the superior level of service we currently provide to our customer base.”

“The management team at Thermogenics has done a tremendous job developing a brand name and excellent reputation within the industry as the premier provider of coil-tube boiler products, parts and services, positioning themselves to capitalize on the forecast growth in industrial activity and infrastructure spend within North America,” said Jeff Murphy, Partner at Ironbridge. “We are very excited to partner with this highly passionate and ambitious management team as we pursue the many growth opportunities available to the business.”

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

Ironbridge’s team of nine 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
www.ironbridgeequity.com

Bryan Heppell
President
Thermogenics Inc.
(905) 727-1901
www.thermogenicsboilers.com

(TORONTO, January 11, 2016) – Ironbridge Equity Partners (“Ironbridge”) of Toronto, Ontario is pleased to announce that they, together with management, have made an investment in Back in Motion Rehab Inc. (“Back in Motion” or the “Company”) of Richmond, British Columbia.

Back in Motion is a leading provider of employment, rehabilitation and physiotherapy services. For over 20 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 250 dedicated, enthusiastic people, it serves ten communities across Metro Vancouver and is known for creative solutions and exceptional results.

“We are excited to work with the great team at Back in Motion,” said Pete Samson, Managing Partner at Ironbridge. “They have an outstanding reputation in their market, and we believe that gives them an excellent platform as they look to expand the scale and scope of their business.”

“The Ironbridge team has a proven track record, and will work with us to refine and implement our vision and business strategy as we grow and diversify,” said Debbie Samsom, President of Back in Motion. “Through this partnership, Back in Motion will have access to national expertise and high caliber talent, and work with a company whose corporate culture of excellence and integrity is aligned with our own.”

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.

Ironbridge’s team of nine 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. The Ironbridge 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:

Peter Samson
Managing Partner
Ironbridge Equity Partners
(416) 863-0102
www.ironbridgeequity.com

Debbie Samsom
President
Back in Motion Rehab Inc.
(604) 273-7600
www.backinmotion.com

(TORONTO, January 5, 2016) – Ironbridge Equity Partners (“Ironbridge”) of Toronto, Ontario is pleased to announce that its portfolio company, Advance Engineered Products Ltd. (“Advance”) of Regina, Saskatchewan has sold its subsidiary, Westech Vac Systems Ltd. (“Westech”) to the Environmental Solutions Group of Federal Signal Corporation (“Federal Signal”).

Westech, based in Nisku, Alberta is Western Canada’s leading manufacturer of high-quality, rugged vacuum trucks that are designed for extreme environmental conditions. On October 1, 2015 Ironbridge purchased Advance, Canada’s leading tank trailer manufacturer and service centre operator. Westech was deemed non-core to the ongoing operations of Advance, as Advance refocuses on manufacturing and servicing tank trailers.

Advance was the fifth investment in Ironbridge’s second private equity fund, Ironbridge Equity Partners II, LP, a fully-committed $154 million fund.

Ironbridge 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 nine-person investment team has extensive financial and operating experience and works closely with the management of its portfolio companies to enhance value.

About Federal Signal:

Federal Signal (NYSE: FSS) provides products and services to protect people and our planet. Founded in 1901, Federal Signal is a leading global designer and manufacturer of products and total solutions that serve municipal, governmental, industrial and commercial customers. Headquartered in Oak Brook, Ill., with manufacturing facilities worldwide, the Company operates three groups: Environmental Solutions, Safety and Security Systems, and Fire Rescue. For more information on Federal Signal, visit: www.federalsignal.com.

Federal Signal’s Environmental Solutions Group is a leading provider of a full range of Elgin street sweepers, Guzzler industrial vacuum trucks, Jetstream high-performance waterblasting equipment, and Vactor sewer cleaners and vacuum excavators for commercial, municipal and industrial customers. The Environmental Solutions Group also includes FS Solutions, which offers unsurpassed expertise and a unique breadth of environmental cleaning equipment, parts, rental, service and training.

For more information, contact:

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

Darrell Zwarych
President and CEO
Advance Engineered Products Ltd.
(306) 721-4803
www.advanceengineeredproducts.com