Ironbridge acquires Armtec's precast concrete products unit
Canadian private equity firm Ironbridge Equity Partners has bought the assets of Armtec LP’s Ontario Standard Precast Concrete division. No financial terms were released. Ironbridge said the business, a maker of precast landscaping and structural concrete building products, will operate as Power Precast Solutions Ltd in Ottawa and Brooklin Concrete Products Corp in other locations. The investment is the eleventh made by Ironbridge Equity Partners II. Armtec, a Canadian maker of infrastructure products and engineered construction solutions, was acquired by Brookfield Asset Management's private equity group in 2015.
19 July 2017•2 mins read
