October 16, 2018
By Craig Ritchie
Ironbridge Equity Partners acquires majority stake of Canadian marine equipment manufacturer.
Delta, British Columbia-based marine equipment manufacturer Canada Metal Pacific Limited (CMP) has been acquired by Ironbridge Equity Partners.
Ironbridge purchased majority control of CMP in a deal that closed on Friday and will see former owners John Mitchell, the Szwez family and key senior management retain minority ownership stakes.
“Ironbridge brings a solid track record of enabling businesses like ours to improve operational efficiencies as well as providing capital to support dynamic growth initiatives” said CMP President, John Mitchell. “All of us at CMP are very pleased to bring on board such a vigorous and energetic new partner”.
CMP manufactures a wide range of equipment for the recreational boating market, including Martyr anodes, Rocna anchors, Titan chain products, Octopus autopilot systems, and Dock Edge dock equipment.
Ironbridge is a Toronto-based equity firm specializing in mid-sized companies, with a diverse investment portfolio that includes interests in the food, concrete, automotive and metal fabrication sectors.