M&A Deal Summary

Ironbridge Equity Partners Acquires Cendrex

On August 12, 2021, private equity firm Ironbridge Equity Partners acquired building materials company Cendrex

Acquisition Highlights
  • This is Ironbridge Equity Partners’ 2nd transaction in the Building Materials sector.
  • This is Ironbridge Equity Partners’ 22nd transaction in Canada.
  • This is Ironbridge Equity Partners’ 3rd transaction in Quebec.

M&A Deal Summary
Date 2021-08-12
Target Cendrex
Sector Building Materials
Buyer(s) Ironbridge Equity Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Cendrex

Montréal, Quebec, Canada
Cendrex designs and manufactures quality-rated and non-rated access doors, roof hatches, floor hatches, and mailboxes. Cendrex was founded in 1985 and is based in Montréal, 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 23 of 29
Sector (Building Materials) 2 of 3
Type (Buyout (LBO, MBO, MBI)) 13 of 16
State (Quebec) 3 of 5
Country (Canada) 22 of 28
Year (2021) 1 of 1
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-13 Alliance

Mississauga, Ontario, Canada

Alliance is a distributor and manufacturer of products and solutions including cabling, assemblies, antennas and related active and passive connectivity componentry to support wireless, broadband, broadcast and wireline networks for the North American market. Alliance is based in Mississauga, Ontario.

Sell -
Mergr

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