Canadian mid-market private equity firm Ironbridge Equity Partners last month acquired the assets of MBRP Inc, a Huntsville, Ontario-based designer and manufacturer of exhaust systems for the automotive and recreational vehicle markets.
Terms weren’t released for the deal, which saw Ironbridge partner with MBRP’s management team led by CEO Martin Barkey.
Established in 1999, MBRP serves a network of warehouse distributor, retailer and e-commerce customers across Canada and the United States.
The acquisition comes on the heels of Ironbridge’s July investment in Alumni Classroom Furniture Inc, a Waterloo, Ontario-based provider of educational furniture solutions.
Ironbridge Equity Partners completes investment in MBRP Ltd.
(Toronto – August 8, 2019) Ironbridge Equity Partners (“Ironbridge”) of Toronto, Ontario is pleased to announce that they, together with management, have acquired the assets of MBRP Inc., which will continue operations as MBRP Ltd. (“MBRP” or the “Company”).
MBRP, headquartered in Huntsville, Ontario, is a leading 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. Founded in 1999, the Company provides performance vehicle enthusiasts with a large assortment of high-quality, innovative products such as full exhaust kits/systems, exhaust pipes, mufflers and exhaust tips. With a staff of over 120 employees operating from its manufacturing facility in Huntsville, MBRP serves a network of warehouse distributor, retailer and e-commerce customers across Canada and the United States.
“With a proven track record of success in working with owner-operator businesses like ours, we are thrilled to work with the Ironbridge team to further scale and grow our business,” said MBRP Chief Executive Officer, Martin Barkey. “MBRP is very pleased to bring on board a partner in Ironbridge who shares our vision for the future.”
“MBRP has established a great reputation in a community of loyal and passionate consumers,” said Peter Dowse, Partner at Ironbridge. “We are excited about the opportunity to work with a management team with so much enthusiasm for their product, and look forward to supporting meaningful growth for the business.”
For more information, contact:
Ironbridge Equity Partners
Chief Executive Officer
Ironbridge is a Canadian private equity firm whose strategy is to make equity and equity-linked investments in high-quality, mid-market, Canadian private companies. Target industries include consumer and business products and services, manufacturing, and distribution. The operating background of the principals enables Ironbridge to be a high-value partner to management teams as they seek to improve and grow their businesses. Ironbridge’s assets under management are over $400 million including its third private equity fund, Ironbridge Equity Partners III, LP, a fully-committed $238 million fund raised in April 2016.
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