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  6. Ironbridge Equity Partners Acquires Frost Fighter

M&A Deal Summary

Ironbridge Equity Partners Acquires Frost Fighter

On December 2, 2011, private equity firm Ironbridge Equity Partners acquired manufacturer Frost Fighter

Acquisition Highlights
  • This is Ironbridge Equity Partners’ 1st transaction in the Manufacturing sector.
  • This is Ironbridge Equity Partners’ 6th transaction in Canada.
  • This is Ironbridge Equity Partners’ 2nd transaction in Manitoba.
Investment Fate
  • Frost Fighter was sold to a consortium of financial buyers in 2014.

M&A Deal Summary
Date 2011-12-02
Target Frost Fighter
Sector Manufacturing
Buyer(s) Ironbridge Equity Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Frost Fighter

Winnipeg, Manitoba, Canada
Frost Fighter is a manufacturer of high-capacity portable heaters sold primarily into the North American equipment rental industry. The Company has a strong history of designing and manufacturing reliable equipment engineered for demanding applications in harsh environments. Frost Fighter was founded in 1965 and is based in Winnipeg, Manitoba.

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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 6 of 29
Sector: Manufacturing M&A 1 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 6 of 16
State: Manitoba M&A 2 of 2
Country: Canada M&A 6 of 29
Year: 2011 M&A 3 of 3
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-06 Demers Ambulances

Beloeil, Quebec, Canada

Demers Ambulances is an ambulance manufacturer in North America. Demers Ambulances is accredited by Transport Canada and is recognized as a "Qualified Vehicles Modification" (QVM) by Ford, holds the US National Truck Equipment Association (NTEA) Member Verification Program (MVP) certification, and holds the BNQ1013 certification from the Bureau de Normalization du Québec (BNQ). Demers Ambulances was founded in 1960 and is based in Beloeil, Quebec.

Buy -
Mergr

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