Buyout (LBO, MBO, MBI) • Energy Services and Equipment

Ironbridge Equity Partners Acquires Hank’s Maintenance

On June 27, 2011, private equity firm Ironbridge Equity Partners acquired energy services and equipment company Hank’s Maintenance

Acquisition Context
  • This is Ironbridge Equity Partners’ 2nd transaction in the Energy Services and Equipment sector.
  • This is Ironbridge Equity Partners’ 5th transaction in Canada.
  • This is Ironbridge Equity Partners’ 2nd transaction in Saskatchewan.

Explore All 658 Buyout (LBO, MBO, MBI) Energy Services and Equipment Deals - Search the Database Free


M&A Deal Summary

Date June 27, 2011
Target Hank’s Maintenance
Sector Energy Services and Equipment
Buyer(s) Ironbridge Equity Partners
Deal Type Buyout (LBO, MBO, MBI)

Target Company

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.
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Buyer Overview 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 Context for Buyer #
Overall 5 of 29
Sector: Energy Services and Equipment 2 of 3
Type: Buyout (LBO, MBO, MBI) 5 of 16
State: Saskatchewan 2 of 5
Country: Canada 5 of 29
Year: 2011 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-02-15 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-02 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.

Buy -