M&A Deal Summary

Canadian Shield Capital Acquires Midland Appliance

On December 9, 2024, growth capital firm Canadian Shield Capital acquired retailer Midland Appliance from Ironbridge Equity Partners

Acquisition Highlights
  • This is Canadian Shield Capital’s 1st transaction in the Retail sector.
  • This is Canadian Shield Capital’s 1st transaction in Canada.
  • This is Canadian Shield Capital’s 1st transaction in British Columbia.

M&A Deal Summary

Date 2024-12-09
Target Midland Appliance
Sector Retail
Buyer(s) Canadian Shield Capital
Sellers(s) Ironbridge Equity Partners
Deal Type Secondary Buyout

Target

Midland Appliance

Richmond, British Columbia, Canada
Midland Appliance is a dealer of home appliances throughout Western Canada. The Company serves its network of developers, builders, designers, and architect customers. Midland Appliance was founded in 1984 and is based in Richmond, British Columbia.

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Buyer(S) 1

DESCRIPTION

Canadian Shield Capital is a private equity firm that partners with management teams to invest in and grow sustainable businesses across North America. Canadian Shield Capital is known for its long-term investment approach, providing both capital and strategic support to enhance operational performance and drive growth. Canadian Shield Capital was formed in 2014 and is based in Toronto, Ontario.


DEAL STATS #
Overall 1 of 1
Sector: Retail M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 1
State: British Columbia M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2024 M&A 1 of 1

Seller(S) 1

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 13 of 13
Sector: Retail M&A 1 of 1
Type: Secondary Buyout M&A Deals 7 of 7
State: British Columbia M&A 2 of 2
Country: Canada M&A 13 of 13
Year: 2024 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-24 Alumni Educational Solutions

Waterloo, Ontario, Canada

Alumni manufactures and distributes educational furniture for the preschool through grade twelve market. The company’s portfolio of education furniture solutions is focused on creating collaborative furniture with classrooms. It operates from three facilities in Canada, the United States, and China to serve customers across North America. Alumni Educational Solutions was founded in 2004 and is headquartered in Waterloo, Ontario.

Sell -