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GNI Management Group Inc. acquires McPherson Products

April 01, 2024

GNI Management Group Inc. acquires McPherson Products

(Toronto, April 1, 2024) GNI Management Group Inc. ("GNI"), an Ironbridge portfolio company, is happy to announce the acquisition of St. Cloud, Minnesota based McPherson Products ("McPherson"), a leading provider of insulation services for St. Cloud and the surrounding lake region.

"Partnering with McPherson made sense for GNI strategically – we targeted the St. Cloud region to tap into its resilient custom new-home market,” said Bill Maginas, CEO of GNI. “Our partnership with McPherson allows us to bring GNI’s expertise to the Minnesota marketplace while strengthening McPherson's capabilities.”

“GNI’s expertise in the residential market and advanced operating systems will enable us to serve our customers even better and lead to significant growth,” said Dennis Dufner, Owner of McPherson.

Dennis Dufner will remain in his role as branch manager, for GNI, in the St. Cloud region and the business will continue to operate as McPherson Products.

This acquisition marks a pivotal milestone in GNI's strategic expansion into the United States, aligning with its goal to deliver top-tier coverage across North America. The acquisition of McPherson marks the first time GNI Management Group Inc. has expanded outside of Canada since its foundation in 1980.  

“While McPherson now serves as our tenth location, it is our first location in the United States,” emphasized Maginas. "We remain committed to exploring opportunities with companies like McPherson as we actively pursue expansion into the United States and strive to become a prominent North American leader in insulation services."

The Ironbridge team of sixteen 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 McPherson Products

(Toronto, 1er avril 2024) GNI Management Group Inc. (« GNI »), une société du portefeuille d'Ironbridge, est heureuse d'annoncer l'acquisition de McPherson Products (« McPherson »), basée à St. Cloud (Minnesota), un fournisseur de premier plan de services d'isolation pour St. Cloud et la région des lacs environnante.

« Le partenariat avec McPherson était logique pour GNI d'un point de vue stratégique - nous avons ciblé la région de St. Cloud pour exploiter son marché résilient de maisons neuves personnalisées », a déclaré Bill Maginas, PDG de GNI. « Notre partenariat avec McPherson nous permet d'apporter l'expertise de GNI au marché du Minnesota tout en renforçant les capacités de McPherson. »

 « L’expertise de GNI sur le marché résidentiel et ses systèmes d'exploitation avancés nous permettront de mieux servir nos clients et d'assurer une croissance significative », a déclaré Dennis Dufner, propriétaire de McPherson.

Dennis Dufner conservera son poste de directeur de succursale pour GNI dans la région de St. Cloud et l'entreprise continuera à fonctionner sous le nom de McPherson Products.

Cette acquisition marque une étape cruciale dans l'expansion stratégique de GNI aux États-Unis, conformément à son objectif d'offrir une couverture de premier ordre dans toute l'Amérique du Nord. L'acquisition de McPherson marque la première expansion de GNI Management Group Inc. en dehors du Canada depuis sa fondation en 1980. 

« McPherson est notre dixième site, mais c'est notre premier site aux États-Unis », a souligné M. Maginas. « Nous restons déterminés à explorer les opportunités avec des entreprises comme McPherson, car nous poursuivons activement notre expansion aux États-Unis et nous nous efforçons de devenir un leader nord-américain de premier plan dans le domaine des services d'isolation. »

L'équipe d'Ironbridge, composée de seize 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, veuillez contacter :

Bill Maginas
GNI Management Group Inc.

Jeff Murphy
Associé principal
Ironbridge Equity Partners

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