M&A Deal Summary

Balfour Acquires Gaspard & Sons

On October 15, 2015, Balfour acquired apparel/textiles company Gaspard & Sons from Ironbridge Equity Partners and Westerkirk Capital

Acquisition Highlights
  • This is Balfour’s 1st transaction in the Apparel/Textiles sector.
  • This is Balfour’s 1st transaction in Canada.
  • This is Balfour’s 1st transaction in Manitoba.

M&A Deal Summary

Date 2015-10-15
Target Gaspard & Sons
Sector Apparel/Textiles
Buyer(s) Balfour
Sellers(s) Ironbridge Equity Partners
Westerkirk Capital
Deal Type Add-on Acquisition

Target

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.

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Buyer(S) 1

Buyer

Balfour

Dallas, Texas, United States

Category Company
Sector Consumer Products
DESCRIPTION

Balfour is a manufacturer of customized products including jewelry, class rings, championship rings, and graduation announcements for high schools and universities across the country.


DEAL STATS #
Overall 3 of 4
Sector: Apparel/Textiles M&A 1 of 1
Type: Add-on Acquisition M&A Deals 3 of 3
State: Manitoba M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2015 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-07-23 Milestone Traditions

Exton, Pennsylvania, United States

Milestone provides products of tradition for universities, colleges and high schools including class rings, alumni association watches, graduation announcements, custom regalia and other school affiliation products. Milestone markets its commemorative products directly to students and alumni.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-07 Iconic Group

Atlanta, Georgia, United States

Iconic Group is a provider of professional event photography services to educational institutions and endurance race organizers. Iconic Group's divisions include Bob Knight Photo, Chappell Graduation Images, and MarathonFoto. Iconic Group provides professional photography services at 10,000 events and 30,000 shoot dates, taking 53 million consumer images per year under the GradImages, University Photo, WorldWide Photography, and MarathonFoto brands. Iconic Group is based in Atlanta, Georgia.

Buy -

Seller(S) 2

SELLER

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 13
Sector: Apparel/Textiles M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 4
State: Manitoba M&A 2 of 2
Country: Canada M&A 4 of 13
Year: 2015 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-01 Advance Engineered Products

Regina, Saskatchewan, Canada

Advance Engineered Products is a tank trailer and vacuum truck manufacturer and service center operator. It currently operates three distinct businesses: (i) designing and manufacturing aluminum and stainless steel truck tanks and trailers under the Advance and Lazer Inox brands; (ii) operating service centers for the repair, maintenance, inspection and certification of truck tanks and trailers; and (iii) manufacturing and servicing vacuum trucks under the Westech brand. Advance Engineered Products was founded in 19845 and is based in Regina, Saskatchewan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-11 Back in Motion Rehab

Surrey, British Columbia, Canada

Back in Motion Rehab is a provider of employment, rehabilitation, and physiotherapy services. Back in Motion Rehab was founded in 1993 and is based in Surrey, British Columbia.

Buy -
SELLER

Westerkirk Capital

Victoria, British Columbia, Canada

Category Asset Manager
Size Small
Type Sector Agnostic
DESCRIPTION

Westerkirk Capital is an investment firm focused on partnering with business owners and managers to pursue growth opportunities. The Firm manages private capital for a single Canadian investor and generally takes a long-term approach when investing. Westerkirk is a generalist investor, with interest in transportation, apparel, media, manufacturing, business services, aerospace, consumer products, and real estate. Westerkirk Capital is based in Victoria, British Columbia.


DEAL STATS #
Overall 3 of 5
Sector: Apparel/Textiles M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
State: Manitoba M&A 1 of 1
Country: Canada M&A 3 of 5
Year: 2015 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-15 Shred-it International

Oakville, Ontario, Canada

Shred-it International, Inc. is a global secure information destruction services provider. Shred-it was formed in 1988 and is based in Oakville, Ontario.

Sell $2.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-07 Array Marketing

Toronto, Ontario, Canada

Array Marketing is a provider of in-store marketing services for the retailers and brand manufacturers. Array Canada is based in Toronto, Ontario.

Sell -