M&A Deal Summary

Ironbridge Equity Partners Acquires Dumur Industries

On October 1, 2015, private equity firm Ironbridge Equity Partners acquired manufacturer Dumur Industries from Advance Engineered Products

Acquisition Highlights
  • This is Ironbridge Equity Partners’ 2nd transaction in the Manufacturing sector.
  • This is Ironbridge Equity Partners’ 12th transaction in Canada.
  • This is Ironbridge Equity Partners’ 4th transaction in Saskatchewan.

M&A Deal Summary

Date 2015-10-01
Target Dumur Industries
Sector Manufacturing
Buyer(s) Ironbridge Equity Partners
Sellers(s) Advance Engineered Products
Deal Type Divestiture

Target

Dumur Industries

White City, Saskatchewan, Canada
Dumur Industries is a custom manufacturing, metal fabrication, and machining business specializing in the production of ventilation and cabinet systems for the food preparation industry. Dumur Industries was founded in 1987 and is based in White City, 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 12 of 29
Sector (Manufacturing) 2 of 2
Type (Divestiture) 1 of 3
State (Saskatchewan) 4 of 5
Country (Canada) 12 of 28
Year (2015) 3 of 3
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
2015-10-15 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.

Sell -

Seller(S) 1

SELLER

Advance Engineered Products

Regina, Saskatchewan, Canada

Category Company
Founded 1984
Sector Automotive
DESCRIPTION

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.


DEAL STATS #
Overall 1 of 2
Sector (Manufacturing) 1 of 1
Type (Divestiture) 1 of 2
State (Saskatchewan) 1 of 1
Country (Canada) 1 of 2
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-31 Lazer Inox

Saint-Germain-de-Grantham, Quebec, Canada

Lazer Inox, Inc. is a manufacturer of specialized stainless steel tank trailers. Lazer Inox manufactures stainless steel and aluminum on-road tanks for transporting crude oil, petroleum, milk and other products, primarily serving the oil, dairy, food, chemical and environmental industries.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-05 Westech Vac Systems

Nisku, Alberta, Canada

Westech Vac Systems Ltd. is a manufacturer of high-quality, rugged vacuum trucks.

Sell -