Ironbridge buys assets of home appliances dealer Midland

Canadian private equity firm Ironbridge Equity Partners has bought the assets of Midland Appliance Ltd, a branded home appliances dealer based in Richmond, British Columbia. No financial terms were released for the deal, which includes the affiliated BCH Transport Ltd and Innovative Appliance Distributors Ltd. Founded in 1984, Midland serves a network of developer, builder, designer and architect customers throughout Western Canada. President David Bast said the partnership with Ironbridge will support his company's "next chapter of growth." Midland is the third investment of Ironbridge Equity Partners III, which raised $238 million last year.

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