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GNI Management Group Inc. acquires Advanced Insulation Inc.

September 01, 2023

GNI Management Group Inc. acquires Advanced Insulation Inc.

(Toronto, September 1, 2023) GNI Management Group Inc. ("GNI"), an Ironbridge portfolio company, is pleased to announce the acquisition of Winnipeg-based Advanced Insulation Inc. ("Advanced"), a leading provider of insulation services focused on the new-home construction and retrofit markets in the Winnipeg region.

"We're thrilled to establish a partnership with Advanced – the Winnipeg region represented a strategic opportunity for us, and this acquisition will enable us to tap into this expanding market," stated Bill Maginas, CEO of GNI. "Our partnership with Advanced provides us with the opportunity to bring GNI's expertise to the Manitoba marketplace while expanding Advanced’s capabilities."

Evan Lavallee, President of Advanced, expressed his enthusiasm for joining forces with GNI, saying, "We are excited about joining the GNI family. GNI has been a major player in Canada's construction industry for decades, and their expertise in both the residential and commercial markets will allow us to unlock significant growth.”

Evan Lavallee will continue his role as GNI's branch manager in the Winnipeg region.

This acquisition marks a pivotal milestone in GNI's strategic expansion throughout Canada, aligning with its objective to deliver top-tier coverage across the country. The acquisition of Advanced now marks the second time GNI Management Group Inc. has expanded outside of Ontario since its foundation in 1980.  

“Our mission is to build safer, more energy efficient and sustainable communities Canada-wide,” emphasized Maginas. "We remain committed to exploring opportunities with companies like Advanced as we actively pursue expansion across Canada and strive to become a prominent national leader in insulation services."

The Ironbridge team of fourteen investment professionals invests 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 operating experience and works closely with the management of its portfolio companies to enhance value.

For more information, contact:

Bill Maginas
GNI Management Group Inc.

Jeff Murphy
Managing Partner
Ironbridge Equity Partners



GNI Management Group Inc. acquiert Advanced Insulation Inc.

(Toronto, 1er septembre 2023) GNI Management Group Inc. (« GNI »), une société du portefeuille d'Ironbridge, a le plaisir d'annoncer l'acquisition d'Advanced Insulation Inc. (« Advanced ») de Winnipeg, un important fournisseur de services d'isolation axés sur les marchés de la construction et de la modernisation de maisons neuves dans la région de Winnipeg.

« Nous sommes ravis d'établir un partenariat avec Advanced - la région de Winnipeg représente une opportunité stratégique pour nous, et cette acquisition nous permettra d'accéder à ce marché en expansion », a déclaré Bill Maginas, PDG de GNI. « Notre partenariat avec Advanced nous donne l'occasion d'apporter l'expertise de GNI sur le marché manitobain tout en développant les capacités d'Advanced. »

Evan Lavallee, président d'Advanced, a exprimé son enthousiasme à l'idée d'unir ses forces à celles de GNI, en déclarant : « Nous sommes ravis de nous joindre à la famille GNI. GNI est un acteur majeur de l'industrie de la construction au Canada depuis des décennies, et son expertise dans les marchés résidentiel et commercial nous permettra de générer une croissance significative. »

Evan Lavallee restera directeur de la succursale de GNI dans la région de Winnipeg.

Cette acquisition marque une étape cruciale dans l'expansion stratégique de GNI à travers le Canada, en conformité avec son objectif d'offrir une couverture de premier ordre à travers le pays. Avec l'acquisition d'Advanced, c'est la deuxième fois que GNI Management Group Inc. s'étend à l'extérieur de l'Ontario depuis sa fondation en 1980.  

« Notre mission est de construire des communautés plus sûres, plus efficaces sur le plan énergétique et plus durables dans l'ensemble du Canada », a souligné M. Maginas. « Nous restons déterminés à explorer les possibilités avec des entreprises comme Advanced, alors que nous poursuivons activement notre expansion à travers le Canada et que nous nous efforçons de devenir un leader national de premier plan en matière de services d'isolation. »

L'équipe d'Ironbridge, composée de quatorze professionnels de l'investissement, investit dans des entreprises canadiennes du marché intermédiaire inférieur opérant dans un large éventail de secteurs, notamment la fabrication, la distribution et les produits et services destinés aux consommateurs et aux entreprises. Ironbridge possède une vaste expérience financière et opérationnelle et travaille en étroite collaboration avec la direction des entreprises de son portefeuille afin d'en accroître la valeur.

Pour plus d’informations, contactez :

Bill Maginas
GNI Management Group Inc.

Jeff Murphy
Associé gérant
Ironbridge Equity Partners

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