M&A Deal Summary

Castle Harlan Acquires Alumni Educational Solutions

On September 24, 2024, private equity firm Castle Harlan acquired furniture company Alumni Educational Solutions from Ironbridge Equity Partners

Acquisition Highlights
  • This is Castle Harlan’s 2nd transaction in the Furniture sector.
  • This is Castle Harlan’s 2nd transaction in Canada.
  • This is Castle Harlan’s 1st transaction in Ontario.

M&A Deal Summary

Date 2024-09-24
Target Alumni Educational Solutions
Sector Furniture
Buyer(s) Castle Harlan
Sellers(s) Ironbridge Equity Partners
Deal Type Secondary Buyout

Target

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.

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Buyer(S) 1

Buyer

Castle Harlan

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 6.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Castle Harlan is a large private equity firm that targets private company investments in the US and Australia. Castle Harlan targets businesses in a wide range of industries that include, packaging, industrial services, manufacturing, restaurants, business services, distribution, publishing, and transportation. Castle Harlan can provide both equity and mezzanine capital. The Firm is affiliated with Australian private equity firm CHAMP Private Equity, and together formed CHAMP - Castle Harlan Australian Mezzanine Partners. Castle Harlan was formed in 1987 and is based in New York City.


DEAL STATS #
Overall 48 of 48
Sector (Furniture) 2 of 2
Type (Secondary Buyout) 17 of 17
State (Ontario) 1 of 1
Country (Canada) 2 of 2
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-29 Baja Aqua Farms

Ensenada, Mexico

Baja Aqua Farms is a Mexico-based vertically integrated Bluefin tuna rancher. The Company produces a variety of tuna products under the most rigorous standards, that are sought out by top chefs and supermarket chains around the globe for its consistent quality and year-round availability. Baja Aqua Farms was founded in 2000 and is based in Ensenada, Mexico.

Buy -

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 12 of 12
Sector (Furniture) 1 of 1
Type (Secondary Buyout) 6 of 6
State (Ontario) 5 of 5
Country (Canada) 12 of 12
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-02 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.

Sell -