Ironbridge Equity Partners has acquired Canada Metal (Pacific) Ltd (CMP), a Delta, British Columbia-based maker and distributor of products serving the recreational marine, commercial marine and industrial markets.
No financial terms were released for the deal, which saw Ironbridge, a Canadian mid-market private equity firm, partner with management led by President John Mitchell.
Established in 1908, CMP operates six facilities in Canada, the United States, China, Australia and Italy.
Ironbridge Partner Jeffrey Murphy said the company’s market position provides “an excellent platform for future growth.”
Ironbridge is investing through Ironbridge Equity Partners III, which raised $238 million in 2016.
Ironbridge Equity Partners acquires Canada Metal (Pacific) Limited
(Toronto – October 12, 2018) Ironbridge Equity Partners (“Ironbridge”) of Toronto, Ontario is pleased to announce that they have partnered with management to purchase Canada Metal (Pacific) Limited (“CMP”) of Delta, BC.
Canada Metal (Pacific) Limited is a leading manufacturer and distributor of branded products serving the recreational marine, commercial marine and industrial markets. Founded in the early 1900s, the company has leading market share globally in OEM and aftermarket anodes for marine pleasure-craft. The company operates a total of six facilities in Canada, the United States, China, Australia and Italy, using this network to drive lowcost manufacturing and efficient access to customers in major markets around the world.
“We are very impressed with the company’s breadth of in-house capabilities, their international distribution network, and unique products. This has made CMP a market leader,” said Jeffrey Murphy, Partner at Ironbridge. “They have an outstanding reputation in the marketplace for new and innovative branded products. We believe that this provides an excellent platform for future growth.”
“Ironbridge brings a solid track record of enabling businesses like ours to improve operational efficiencies as well as providing capital to support dynamic growth initiatives,” said CMP president, John Mitchell. “All of us at CMP are very pleased to bring on board such a strategic and energetic new partner.”
Ironbridge is investing in CMP through the firm’s most recent fund: Ironbridge Equity Partners III, LP, which is a fully-committed $238 million fund.
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 teams of its portfolio companies to enhance value.
For more information, contact:
Ironbridge Equity Partners
Canada Metal (Pacific) Limited