Midland Exits Ironbridge Partnership, Joins Canadian Shield
Deal News | Dec 22, 2024 | Ironbridge
Ironbridge Equity Partners, a Canadian private equity firm, has successfully sold Midland Appliance Ltd. to Canadian Shield Capital and Midland’s management team. The transaction marks a significant milestone in Ironbridge's investment journey with Midland, during which they facilitated business expansion and management transition. With two newly instated locations, the company has grown under Ironbridge’s guidance. Both Andrew Walton from Ironbridge and Lee Methot from Midland have praised their partnership for its alignment in achieving growth objectives. Canadian Shield Capital, the new owners, expressed enthusiasm about future prospects and commended Midland’s leadership. Midland is the second exit from Ironbridge's $238 million fund, Ironbridge Equity Partners III, LP.
Sectors
- Private Equity
- Retail
Geography
- Canada – The transaction involves Canadian-based companies, with Ironbridge Equity Partners located in Toronto, Ontario, and Midland Appliance operations in British Columbia.
Industry
- Private Equity – The article discusses Ironbridge Equity Partners, a private equity firm, completing a sale of its portfolio company.
- Retail – Midland Appliance Ltd. operates in the retail sector, providing home appliances and related services.
Financials
- $238 million – The size of Ironbridge Equity Partners III, LP fund, from which this sale was the second exit.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Ironbridge Equity Partners | Selling Company | Company | A Toronto-based private equity firm that invests in mid-market businesses. |
| Midland Appliance Ltd. | Target Company | Company | A retail company specializing in home appliances, operating primarily in British Columbia, Canada. |
| Canadian Shield Capital | Bidding Company | Company | An investment firm acquiring Midland Appliance in partnership with its management. |
| Andrew Walton | Managing Partner | Person | Managing Partner at Ironbridge Equity Partners. |
| Lee Methot | President & CEO | Person | President & CEO of Midland Appliance Ltd. |
| Andrew W. Dunn | Managing Partner | Person | Managing Partner at Canadian Shield Capital. |