Ironbridge Equity Partners has acquired the assets of the Gesco Group of Companies, including Shnier, Division9, and Tierra Sol Ceramic Tile LP, to drive growth and innovation in the Canadian flooring industry.

Information on the Target

Ironbridge Equity Partners, based in Toronto, Ontario, has announced its acquisition of the assets of the Gesco Group of Companies, which includes notable subsidiaries: Shnier, Division9, and Tierra Sol Ceramic Tile LP. Shnier is a leading national floorcovering distribution company in Canada, while Division9 specializes in commercial flooring solutions tailored to the Architect and Design community. Tierra Sol is recognized as the top supplier of ceramic tile solutions in Western Canada. This acquisition marks a significant milestone for Gesco as it embarks on a new chapter in its growth journey.

Ironbridge previously owned Gesco between 2007 and 2013, during which the company saw impressive expansion and earned accolades in various spheres including product innovation and customer service. Alan Sellery, President and Managing Partner of Ironbridge, expressed enthusiasm for reigniting the growth momentum of Gesco, stating, “We are really looking forward to our second chapter with Gesco and supporting the experienced team as they return the business to growth and profitability.”

Industry Overview in Canada

The floorcovering industry in Canada is characterized by a robust competitive landscape with numerous players striving to offer innovative and diverse product ranges. Canadian consumers value high-quality flooring solutions, which has led to a growing demand