M&A Deal Summary

Ironbridge Equity Partners Acquires Great Northern Insulation

On September 1, 2020, private equity firm Ironbridge Equity Partners acquired construction company Great Northern Insulation from Mill Street

Acquisition Highlights
  • This is Ironbridge Equity Partners’ 1st transaction in the Construction sector.
  • This is Ironbridge Equity Partners’ 21st transaction in Canada.
  • This is Ironbridge Equity Partners’ 9th transaction in Ontario.

M&A Deal Summary
Date 2020-09-01
Target Great Northern Insulation
Sector Construction
Buyer(s) Ironbridge Equity Partners
Sellers(s) Mill Street
Deal Type Divestiture

Target

Great Northern Insulation

Woodstock, Ontario, Canada
Great Northern Insulation is a provider of insulation services in the residential, commercial, industrial, and agricultural sectors. GNI has a complete building offering that includes insulation, air sealing, fireproofing, panel and cladding, building diagnostics, and thermography. GNI was founded in 1980 and is based in Woodstock, Ontario.

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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 22 of 29
Sector (Construction) 1 of 1
Type (Divestiture) 3 of 3
State (Ontario) 9 of 13
Country (Canada) 21 of 28
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-08 MBRP

Huntsville, Ontario, Canada

MBRP is a designer and manufacturer of high-performance exhaust systems for the automotive and recreational vehicle markets, including diesel and gas trucks, muscle cars, snowmobiles, and ATVs. MBRP was founded in 1999 and is based in Huntsville, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-01 L&C Trucking

Estevan, Saskatchewan, Canada

L&C Trucking is an oilfield logistics business providing pipe custodian services and 24-hour oilfield hauling for pipe, tanks, drill collars, mats, and drilling fluid. L&C Trucking was founded in 1956 and is based in Estevan, Saskatchewan.

Sell -

Seller(S) 1

SELLER

Mill Street

Thornhill, Ontario, Canada
Category Company
Founded 2013
Sector Business Services
DESCRIPTION

Mill Street & Co. is a diversified Canadian investment company committed to creating real wealth for investors and business partners. Mill Street generates sustainable, long-term growth through the intelligent application and management of capital. Mill Street & Co. was founded in 2013 and is based in Thornhill, Ontario.

DEAL STATS #
Overall 1 of 1
Sector (Construction) 1 of 1
Type (Divestiture) 1 of 1
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2020) 1 of 1
Mergr

Product

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