March 6, 2013
TORONTO – Signal Hill Equity Partners of Toronto ("Signal Hill") is pleased to announce that it, together with Ironbridge Equity Partners and Penfund Management Ltd. have divested 100% of their equity stake in Gesco Industries Inc. ("Shnier") to Blue Point Capital Partners.
Founded in 1938, Shnier (www.shnier.ca) offers value-added products, programs and services to over 4,000 residential and commercial flooring customers. Shnier is headquartered in Brampton, Ontario and operates five state-of-the-art warehouses, sales offices and showroom facilities across Canada.
About Signal Hill Equity Partners
Signal Hill is a Toronto-based private equity firm managed by experienced investors and business operators, focusing on Canadian mid-market companies. The Signal Hill team has completed over 100 transactions across a variety of industries including financial services, specialty distribution, business services and manufacturing. Members of the Signal Hill team have partnered and worked with management teams to build some of the most successful businesses of their kind in Canada and the United States.
Signal Hill Equity Partners is currently investing its second private equity fund, a $100 million fund that can be invested at its discretion in mid-market Canadian companies.
For more information contact:
James C. Johnson