M&A Deal Summary

Ironbridge Equity Partners Acquires Walker Glass

On September 18, 2023, private equity firm Ironbridge Equity Partners acquired building materials company Walker Glass from Kensington Capital Partners

Acquisition Highlights
  • This is Ironbridge Equity Partners’ 3rd transaction in the Building Materials sector.
  • This is Ironbridge Equity Partners’ 28th transaction in Canada.
  • This is Ironbridge Equity Partners’ 5th transaction in Quebec.

M&A Deal Summary

Date 2023-09-18
Target Walker Glass
Sector Building Materials
Buyer(s) Ironbridge Equity Partners
Sellers(s) Kensington Capital Partners
Deal Type Secondary Buyout

Target

Walker Glass

Montreal, Quebec, Canada
Walker Glass is a glass product company offers designs of etched and mirrored glass for commercial interior and exterior applications. Walker Glass is based in Montreal, 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 29 of 29
Sector (Building Materials) 3 of 3
Type (Secondary Buyout) 5 of 5
State (Quebec) 5 of 5
Country (Canada) 28 of 28
Year (2023) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-22 Gesco

Brampton, Ontario, Canada

Gesco is a provider of proprietary branded products and programs across all flooring categories and geographies, predominantly to the independent retail flooring channel. Gesco was founded in 1938 and is based in Brampton, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-02 Advance Engineered Products

Regina, Saskatchewan, Canada

Advance Engineered Products is a tank trailer and vacuum truck manufacturer and service center operator. It currently operates three distinct businesses: (i) designing and manufacturing aluminum and stainless steel truck tanks and trailers under the Advance and Lazer Inox brands; (ii) operating service centers for the repair, maintenance, inspection and certification of truck tanks and trailers; and (iii) manufacturing and servicing vacuum trucks under the Westech brand. Advance Engineered Products was founded in 19845 and is based in Regina, Saskatchewan.

Sell -

Seller(S) 1

SELLER

Kensington Capital Partners

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1996
PE ASSETS 2.8B CAD
Size Large
Type Sector Agnostic
DESCRIPTION

Kensington Capital Partners is a Canadian alternative asset manager focused on hedge funds, private equity, and infrastructure assets. Kensington makes private equity investments through its fund-of-funds and direct co-investment programs. Kensington Capital was formed in 1996 and is based in Toronto.


DEAL STATS #
Overall 8 of 8
Sector (Building Materials) 1 of 1
Type (Secondary Buyout) 1 of 1
State (Quebec) 1 of 1
Country (Canada) 4 of 4
Year (2023) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-27 Kenona Industries

Grand Rapids, Michigan, United States

Kenona Industries is a provider of high volume precision machining, providing components to the automotive industry’s leading Tier 1 manufacturers of steering, powertrain, NVH and exhaust assemblies. Although typically a Tier 2 or Tier 3 supplier, Kenona products are found in Ford, GM, Chrysler, Toyota, Honda, Nissan, Mitsubishi and Freightliner vehicles. Kenona Industries was founded in 1988 and is based in Grand Rapids, Michigan.

Sell -