Ironbridge Equity Partners to buy assets of Advance Engineered Products
Canadian private equity firm Ironbridge Equity Partners recently agreed to purchase all of the assets of Advance Engineered Products Ltd, a designer and manufacturer of tank truck and trailer equipment. The source of the news was an August website post by Krohnert Industries Inc, a distribution partner to the company. No financial terms were noted. Ironbridge also agreed to acquire the shares of Dumur Industries, an Advance affiliate, the post said. Regina, Sask.-based Advance, founded in 1984, was granted protection under the Companies' Creditors Arrangement Act (CCAA) in April.
26 October 2015•2 mins read
