Tag - 2021

(Toronto – November 9, 2021) Ironbridge Equity Partners (“Ironbridge”) today announced that it has completed the first and final closing of its fourth private equity fund, Ironbridge Equity Partners IV, LP (the “Fund” or “Fund IV”). Ironbridge raised C$383 million from investors in Canada, the US, the UK and Continental Europe, and significantly surpassed its target of C$300 million. The Fund represents a 61% increase in capital from its predecessor fund, Ironbridge Equity Partners III, LP (“Fund III”) which had its final closing in April 2016. Substantially oversubscribed, Fund IV closed above its original hard cap of C$325 million and brings Ironbridge’s assets under management to over C$700 million.

Alan Sellery, President and Managing Partner of Ironbridge commented, “We are delighted with the success of this fundraise and the strong support we received from both existing and new investors. The interest in Ironbridge is a testament to the team’s ability to successfully execute the investment strategy that has been pursued since our founding in 2005. We will continue to build market-leading companies in the Canadian middle market and look forward to delivering more outstanding deals for our investors in Fund IV.”

“Ironbridge is also pleased to announce the promotions of Peter Dowse, Jeff Murphy, and Andrew Walton to Managing Partner,” stated Sellery. “These promotions are a recognition of the dedication and significant contributions Peter, Jeff, and Andrew have made to the success of Ironbridge. They each bring a long tenure with the firm, and their leadership and commitment have helped shape it into what Ironbridge is today.” Peter Samson, Managing Partner added, “Ironbridge has grown considerably over the years, enabled by their important efforts. They lead by example and embody Ironbridge’s core values.”

Ironbridge invests in a broad range of industries including manufacturing, distribution, and consumer and business products and services. Ironbridge’s thirteen 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
President and 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
http://www.elmcapital.com

(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

(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.

(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