M&A Deal Summary

Ironbridge Equity Partners Acquires Kore Outdoor

On August 23, 2022, private equity firm Ironbridge Equity Partners acquired consumer products company Kore Outdoor from Fulcrum Capital Partners

Acquisition Highlights
  • This is Ironbridge Equity Partners’ 1st transaction in the Consumer Products sector.
  • This is Ironbridge Equity Partners’ 23rd transaction in Canada.
  • This is Ironbridge Equity Partners’ 4th transaction in Quebec.

M&A Deal Summary

Date 2022-08-23
Target Kore Outdoor
Sector Consumer Products
Buyer(s) Ironbridge Equity Partners
Sellers(s) Fulcrum Capital Partners
Deal Type Secondary Buyout

Target

Kore Outdoor

Saint-Laurent, Quebec, Canada
Kore Outdoor is a provider of manufacturer and distributor of paintballs, markers, and other paintball products. The company has also leveraged its expertise in softgel encapsulation to a wide range of industries including consumer products, nutritional and pharmaceuticals. Kore Outdoor was founded in 2010 and is based in Saint-Laurent, Quebec.

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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 24 of 29
Sector (Consumer Products) 1 of 1
Type (Secondary Buyout) 3 of 5
State (Quebec) 4 of 5
Country (Canada) 23 of 28
Year (2022) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-02 Thermogenics

Aurora, Ontario, Canada

Thermogenics is a manufacturer of coil-tube steam and hot-water boilers and related equipment used in industrial, commercial, and institutional applications in the North American market. Thermogenics was founded in 1975 and is based in Aurora, Ontario.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-08 Handi Foods

Toronto, Ontario, Canada

Handi Foods is a private-label manufacturer of pita snacks in North America. Handi Foods is based in Toronto, Ontario.

Buy -

Seller(S) 1

SELLER

Fulcrum Capital Partners

Vancouver, British Columbia, Canada

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2011
PE ASSETS 1.0B CAD
Size Large
Type Sector Agnostic
DESCRIPTION

Fulcrum Capital Partners is a private equity firm focused on middle-market company acquisitions in Canada. The Firm looks to invest $10 to $35 million in companies generating up to $250 million in revenue. Industries of interest include services, manufacturing, consumer products, distribution, food, and retail. Prospective transaction situations include successions, growth capital financings, consolidations, buyouts, take privates, and pre-IPO financings. Fulcrum Capital Partners was formed in 2011 and is based in Vancouver, British Columbia.


DEAL STATS #
Overall 15 of 18
Sector (Consumer Products) 1 of 2
Type (Secondary Buyout) 3 of 4
State (Quebec) 2 of 2
Country (Canada) 15 of 18
Year (2022) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-02 Boudrias Horticole

Laval, Quebec, Canada

Boudrias Horticole is a provider of gardening and decorative soil products to blue-chip Canadian home improvement retailers. Boudrias Horticole is based in Laval, Quebec.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-20 VODA Backyard Leisure Group

Burlington, Ontario, Canada

VODA Backyard Leisure Group is a backyard leisure products business comprised of three businesses: Aquiform Distributors (a distributor to the pool, spa, and patio furniture industry), Club Piscine (a franchisor and distributor servicing the retail needs of an extensive network of franchises selling pools, garden furniture, barbecues, spas, and fitness equipment) and Pool Supplies Canada (an online retail platform for pool and spa supplies). VODA Backyard Leisure Group is based in Burlington, Ontario.

Buy -