GNI Management Group Inc. (“GNI”), an Ironbridge portfolio company, is happy to announce the acquisition of St-Esprit-based Isolation Majeau et frère (“IMF”), a leading insulation provider for Montreal and the surrounding area.
“The team at Isolation Majeau impressed us immediately with their attention to detail and professionalism” said Bill Maginas, CEO of GNI. “Our partnership with IMF provides us with the opportunity to bring GNI’s expertise to the Quebec marketplace while expanding IMF’s capabilities.”
“We’re excited for the opportunities that joining GNI will bring,” said Marcel Lapierre, Owner/Operator of IMF. “GNI has been major player in Canada’s construction industry for decades, and their expertise in both the residential and commercial markets will allow us to grow considerably.”
The acquisition of IMF is the first time GNI Management Group Inc. has expanded beyond Ontario since its foundation in 1980.
“Our mission is to build safer, more energy efficient and sustainable communities Canada-wide,” said Maginas. “IMF, with Marcel and his team, represent the talent we will continue to seek out in order to become Canada’s leader in insulation and building science services.”
Ironbridge Equity Partners, GNI Management Group Inc.’s ownership company, is a team of fourteen investment professionals that invest in Canadian lower middle-market businesses operating in a broad range of industries including manufacturing, distribution, and consumer and business products and services. Ironbridge has extensive financial and operational experience and works closely with the management of its portfolio of companies to enhance value.
