Tag - 2021

Ironbridge Equity Partners sells Alliance Corporation

(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.

About Alliance:

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.

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:
Andrew Walton
Partner
Ironbridge Equity Partners
(416) 867-2274
www.ironbridgeequity.com

Ron Moss
President & CEO
Alliance Corporation
(905) 817-9226
www.alliancecorporation.ca

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Promotions

(Toronto – September 1, 2021) We are pleased to announce the promotions of Riley Anderson and Muhammad Abdi to Senior Associate.

Riley joined Ironbridge as an Associate in 2019. He currently serves as an observer on the boards of Hank’s Maintenance & Service Co. and Dumur Industries. Riley holds a Bachelor of Business Administration from the University of Regina and a Master of Business Administration from the Richard Ivey Business School. He is also a CFA Charterholder.

Muhammad joined Ironbridge as an Associate in 2019. He serves as a director of Thermogenics Inc., and as an observer on the boards of Midland Appliance Ltd. and AV Gauge & Fixture Inc. Muhammad holds an Honours Bachelor of Science degree with a specialization in Economics and Mathematics from the University of Toronto.

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Ironbridge Equity Partners completes partnership with Les Industries Cendrex Inc.

(Montreal, August 12, 2021) Ironbridge Equity Partners (“Ironbridge”) of Toronto, Ontario is pleased to announce that they, together with management, have acquired a controlling interest in Les Industries Cendrex Inc. (“Cendrex” or the “Company”), from BDG & Partners and Fonds de solidarité FTQ. 

Cendrex, based in Montreal, QC, is a leading manufacturer of high-quality standard and made-to-order access doors for the North American residential and non-residential construction market. The Company designs, manufactures, and sells its wide variety of SKUs to building product distributors and retailers. Founded in 1985, Cendrex has grown to 70 employees and has a network of nine distribution centres across North America. 

“Cendrex has generated consistent growth over two decades and continues to demonstrate its ability to penetrate new markets while providing exceptional service quality and lead times,” said Peter Samson, Managing Partner at Ironbridge. “We believe that Cendrex is a very attractive business and we are excited to support management through the Company’s next chapter of growth.”

“We have developed a strong platform over the years and look forward to working with the Ironbridge team to further scale and grow the business,” said Francine Pomerleau, President and CEO of Cendrex. “Cendrex is very pleased to bring on board such a strategic and engaged new partner.”

For more information, contact:
Peter Samson
Managing Partner
Ironbridge Equity Partners 
(416) 464-2080
www.ironbridgeequity.com

Francine Pomerleau
President & CEO
Les Industries Cendrex Inc.
(514) 493-1489
www.cendrex.com

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