Canadian private equity firm Ironbridge Equity Partners has sold its portfolio company Frost Fighter Inc for an undisclosed amount. The buyer in the deal was Headwater Equity Partners, a Vancouver-based mid-market private equity firm founded in 2012 by senior investment professionals who previously worked for HSBC Capital. Headquartered in Winnipeg, Manitoba, Frost Fighter is a manufacturer of temporary portable heating solutions used in harsh weather environments. Its products are used in a range of North American industries. Ironbridge acquired the company in partnership with management in 2011.
Ironbridge sells Frost Fighter Inc.
(Toronto – October 1, 2014) Ironbridge Equity Partners (“Ironbridge”) of Toronto, ON is pleased to announce the successful sale of Frost Fighter Inc. (“Frost Fighter” or the “Company”), a leading manufacturer of high-quality, temporary portable heating equipment, to Headwater Equity Partners, of Vancouver, BC. Ironbridge partnered with the existing management to acquire the business in December, 2011.
The financial terms of the transaction were not disclosed.
About Frost Fighter:
Frost Fighter is a manufacturer of temporary portable heating solutions used in harsh weather environments. The Company’s products are primarily used in construction, oil and natural gas, mining and natural resources, industrial, agricultural and military applications across Canada and the United States. Frost Fighter’s corporate office and manufacturing plant is located in Winnipeg, MB.
Ironbridge’s team of 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. The Ironbridge investment team has extensive financial and operating experience and works closely with the management teams of its portfolio companies to enhance value. Ironbridge is currently investing from its second private equity fund, Ironbridge Equity Partners II, LP, a fully-committed $154 million fund.
For more information, contact:
Alan Sellery President and Managing Partner Ironbridge Equity Partners (416) 863-0101 email@example.com
Peter Dowse Partner and Chief Financial Officer Ironbridge Equity Partners (416) 863-0106 firstname.lastname@example.org
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