A V Gauge & Fixture Inc, a portfolio company of Canadian private equity firm Ironbridge Equity Partners, in June merged with Absolute Industrial Management Inc. Terms weren’t disclosed.
Based in Windsor, Ontario, Absolute Industrial designs, builds and integrates automated assembly, welding and processing equipment.
AV Gauge, an Oldcastle, Ontario-based maker of specialized gauging and check fixture equipment for the automotive industry, said the merger will allow the companies to better serve customer needs.
Ironbridge invested in A V Gauge last year.
A V Gauge & Fixture Inc. merges with Absolute Industrial Management Inc.
(Toronto – June 1, 2018) A V Gauge & Fixture Inc. (“AV Gauge”), an Ironbridge portfolio company, is pleased to announce it has merged with Absolute Industrial Management Inc. (“Absolute Industrial Automation”).
Established in 2009, Absolute Industrial Automation designs, builds and integrates automated assembly, welding and processing equipment. Based in Windsor, Ontario, the company has 26 employees serving customers in Canada, the United States and Mexico. In 2016 and 2017 it was recognized as one of Profit 500 magazine’s fastest growing companies.
AV Gauge is a leading manufacturer of specialized gauging and check fixture equipment for the automotive industry. Founded in 1985, the company supplies most major OEMs and Tier-I’s, and operates in eight facilities across Canada, the United States and Mexico. Vertically integrated, AV Gauge strives to employ the best people, utilize the latest technologies and adopt the most efficient processes to satisfy customers. AV Gauge was named one of Canada’s Best Managed Companies in 2018.
“This merger is part of our strategic plan and provides benefits to our employees, customers and each corporation. We believe that when we put our greatest efforts into being our customers’ top partner while serving our employees’ best interests, we achieve our finest successes.” said Mark Rossi, President of Absolute Industrial Automation.
Denis Levasseur, CEO of AV Gauge said, “Our industry is continuously evolving and is being shaped by technology, consolidation and globalization. We are leaders in our fields of expertise and by joining forces we are better able to serve our customers’ needs.”
The Ironbridge team of eleven investment professionals invests in Canadian lower middle-market businesses operating in a broad range of industries including manufacturing, distribution, and consumer and business products and services. Ironbridge has extensive financial and operating experience and works closely with the management of its portfolio companies to enhance value.
For more information, contact:
A V Gauge & Fixture Inc.
Absolute Industrial Automation
Ironbridge Equity Partners