Tag - 2018

Ironbridge Equity Partners sells Frischkorn Audio-Visual

(Toronto – October 25, 2018) Ironbridge Equity Partners (“Ironbridge”) of Toronto, Ontario is pleased to announce that they, together with management, have completed the sale of Frischkorn Audio-Visual Corp. (“FMAV” or the “company”) to PSAV, a portfolio company of Blackstone (NYSE:BX) (“Blackstone”).

The financial terms of the transaction were not disclosed.

Over the course of its investment, Ironbridge supported management to expand the company’s national market share by completing three acquisitions, investing in sales capabilities, and improving internal systems and processes.
“Partnering with the FMAV management team was an excellent experience for Ironbridge. Bill and his team did an impressive job growing the business over the last five years.” said Peter Samson, Managing Partner of Ironbridge. “We appreciate management’s dedication and wish them continued success in their new partnership with PSAV.”

“Ironbridge was a valuable partner for the FMAV management team,” said Bill Brown, President and CEO of FMAV. “They played an integral role supporting us as we executed our strategic plan and grew the business into a national platform. We are grateful to the Ironbridge team for their backing and are excited about the next chapter of growth with PSAV and Blackstone.”

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

About FMAV:

FMAV is Canada’s leading independent provider of audio-visual services to corporate clients. Over the last 42 years, FMAV has built a strong, well-recognized national brand by continually providing high-quality event production for corporate events, association events, galas, conventions, product launches and hotel meetings. FMAV employs a workforce of highly-trained technicians and maintains a stock of equipment with the latest technological advancements, allowing it to be an innovative, one-stop source of supply for audio-visual services in Canada.

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 Samson

Managing Partner
Ironbridge Equity Partners
(416) 863-0102

www.ironbridgeequity.com

Bill Brown
President & CEO
FMAV
(905) 281-9328
www.fmav.ca

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Ironbridge Equity Partners completes partnership with Canada Metal (Pacific) Limited.

(Toronto – October 12, 2018) Ironbridge Equity Partners (“Ironbridge”) of Toronto, Ontario is pleased to announce that they, together with management, have partnered with Canada Metal (Pacific) Limited (“CMP” or the “Company”) of Delta, BC.

Canada Metal (Pacific) Limited is a leading manufacturer and distributor of branded products serving the recreational marine, commercial marine and industrial markets. Founded in the early 1900s, the company has leading market share globally in OEM and aftermarket anodes for marine pleasure-craft. The company operates in six facilities across Canada, The United States, China, Australia and Italy and leverages its global reach to enable low-cost manufacturing and efficient access to customers in major markets around the world.

“We are very impressed with the company’s breadth of in-house capabilities, their international distribution network, and unique products. This has made CMP a market leader,” said Peter Samson, Managing Partner at Ironbridge. “They have an outstanding reputation in the marketplace for new and innovative branded products. We believe that this provides an excellent platform for future growth.”

“Ironbridge brings a solid track record of enabling businesses like ours to improve operational efficiencies as well as providing capital to support dynamic growth initiatives,” said CMP president, John Mitchell. “All of us at CMP are very pleased to bring on board such a strategic and energetic new partner.”

Ironbridge is investing in CMP through the firm’s most recent fund: Ironbridge Equity Partners III, LP, which is a fully-committed $238 million fund.

Ironbridge’s team of eleven 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:

Jeffrey Murphy

Partner
Ironbridge Equity Partners
(416) 863-0107
www.ironbridgeequity.com

John Mitchell

President
Canada Metal (Pacific) Limited
(604) 940-2010
www.cmpgroup.net

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A V Gauge & Fixture Inc. merges with Absolute Industrial Management Inc.

(Toronto June 1, 2018) A V Gauge & Fixture Inc. (“AV Gauge”), an Ironbridge portfolio company, is pleased to announce it has merged with Absolute Industrial Management Inc. (“Absolute Industrial Automation”).

Established in 2009, Absolute Industrial Automation designs, builds and integrates automated assembly, welding and processing equipment. Based in Windsor, Ontario, the company has 26 employees serving customers in Canada, the United States and Mexico. In 2016 and 2017 it was recognized as one of Profit 500 magazine’s fastest growing companies.

AV Gauge is a leading manufacturer of specialized gauging and check fixture equipment for the automotive industry. Founded in 1985, the company supplies most major OEMs and Tier-I’s, and operates in eight facilities across Canada, the United States and Mexico. Vertically integrated, AV Gauge strives to employ the best people, utilize the latest technologies and adopt the most efficient processes to satisfy customers. AV Gauge was named one of Canada’s Best Managed Companies in 2018.

“This merger is part of our strategic plan and provides benefits to our employees, customers and each corporation. We believe that when we put our greatest efforts into being our customers’ top partner while serving our employees’ best interests, we achieve our finest successes.” said Mark Rossi, President of Absolute Industrial Automation.

Denis Levasseur, CEO of AV Gauge said, “Our industry is continuously evolving and is being shaped by technology, consolidation and globalization. We are leaders in our fields of expertise and by joining forces we are better able to serve our customers’ needs.”

The Ironbridge team of eleven 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:

Denis Levasseur
CEO
A V Gauge & Fixture Inc.
(519) 737-7677
www.avgauge.com

Mark Rossi
President
Absolute Industrial Automation
(519) 737-0497
www.absoluteind.com

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

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Dumur Industries acquires assets of Dellcom Aerospace Inc.

(Toronto – June 1, 2018) Dumur Industries (“Dumur”), an Ironbridge Equity Partners (“Ironbridge”) portfolio company, is pleased to announce it has acquired the assets of Dellcom Aerospace Inc. (“Dellcom” or the “Company”) of Concord, Ontario.

Founded in 1980, Dellcom is a precision machining and sub-assembly provider to OEM and Tier 1 aerospace customers. The company specializes in rapid manufacturing of small to mid-sized airframe components and provides value-engineering services to customers. Dellcom is AS9001 Rev. C certified and offers Blue-Streak manufacturing services.

Dumur is a precision metal fabrication and machining business primarily servicing the military and aerospace sectors. It offers full-service, design-to-delivery fabrication and machining for a wide range of projects from parts production runs to complex, custom-fabricated assemblies. Dumur has specific domain expertise in manufacturing components for light armored vehicles for North America’s largest defence contractors.

Ian Harrison, President of Dumur, said, “We are excited to combine the expertise and capabilities of Dellcom and Dumur to strengthen our offering to customers in both aerospace and defense. We believe our customers will benefit from our increased capacity and expanded service offering.”

Ironbridge’s team of eleven professionals invests in Canadian lower middle-market businesses 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:

Ian Harrison
President
Dumur Industries
(306) 337-8801
www.dumurindustries.com

Mark Bathurst
Vice President
Dellcom Aerospace
(416) 459-9277
www.vertexprecision.com/dellcom

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

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