M&A Deal Summary

Ironbridge Equity Partners Acquires L&C Trucking

On February 15, 2011, private equity firm Ironbridge Equity Partners acquired transportation company L&C Trucking

Acquisition Highlights
  • This is Ironbridge Equity Partners’ 1st transaction in the Transportation sector.
  • This is Ironbridge Equity Partners’ 4th transaction in Canada.
  • This is Ironbridge Equity Partners’ 1st transaction in Saskatchewan.

M&A Deal Summary
Date 2011-02-15
Target L&C Trucking
Sector Transportation
Buyer(s) Ironbridge Equity Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

L&C Trucking

Estevan, Saskatchewan, Canada
L&C Trucking is an oilfield logistics business providing pipe custodian services and 24-hour oilfield hauling for pipe, tanks, drill collars, mats, and drilling fluid. L&C Trucking was founded in 1956 and is based in Estevan, Saskatchewan.

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Buyer(S) 1

Buyer

Ironbridge Equity Partners

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2005
PE ASSETS 700M CAD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Ironbridge Equity Partners (IEP) is a private equity investor in middle-market Canadian companies. IEP targets profitable companies with motivated management, 'history of positive earnings strong competitive positions within industry niche, and opportunities growth (organic or through acquisitions). IEP looks to invest at least $15 million in transactions valued up to $50 million. Areas of interest include manufacturing, distribution, consumer products/services, and business services. The Firm will not invest in real estate, natural resources, and technology. Ironbridge Equity Partners was formed in 2005 and is based in Toronto.

DEAL STATS #
Overall 4 of 29
Sector (Transportation) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 4 of 16
State (Saskatchewan) 1 of 5
Country (Canada) 4 of 29
Year (2011) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-05-04 Gaspard & Sons

Winnipeg, Manitoba, Canada

Gaspard & Sons Ltd. is a manufacturer and distributor of academic regalia, clergy vestments, choral robes, and legal and judicial attire. The Company’s products are primarily sold direct-to-user in Canada, while the U.S. market is served via a combination of company and independent representatives.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-27 Hank’s Maintenance

Estevan, Saskatchewan, Canada

Hank’s Maintenance is an oil well maintenance business providing in-field services, parts sales and engine sales and rentals. Hank’s Maintenance was founded in 1968 and is based in Estevan, Saskatchewan.

Buy -
Mergr

Product

Company

Legal