CAI Capital's Firethorn acquires Canadian Heating Products
Firethorn Capital Partners LP, the latest fund of Canadian private equity firm CAI Capital Management, has acquired Canadian Heating Products Inc and Montigo Del Ray Corp (CHP). No financial terms were disclosed. Langley, B.C.-based CHP is a manufacturer of residential and commercial gas fireplaces that are marketed and sold under the Montigo brand name. Firethorn bought the interest from CHP's Founder and President Dan Binzer, and plans to support the company in its pursuit of growth opportunities in North America. CHP is Firethorn's second investment since the fund's launch in late 2015. It previously invested in White House Design.
6 July 2016•3 mins read
