Ironbridge Equity Partners (Ironbridge) together with certain other minority investors, has completed the sale of Thermogenics to an entity controlled by Audax Private Equity (Audax).
The financial terms of the transaction have not been disclosed.
Over the course of its investment, Ironbridge supported management’s efforts to expand the Canadian presence of Thermogenics, establish a US footprint via acquisitions and greenfield growth, and improve internal systems and processes.
Thermogenics was the eighth investment in Ironbridge’s second private equity vehicle, Ironbridge Equity Partners II, LP, a fully committed $154 million fund.
