Staple Street Capital sells Ironline Compression to Surepoint Technologies group | Business and finance

NISKU, Alberta – (BUSINESS WIRE) – November 23, 2021–

Staple Street Capital (“Staple Street Capital” or “SSC”), a leading mid-market private equity firm with approximately $ 800 million in capital under management, is pleased to announce the sale of Ironline Compression (“Ironline”) to the Surepoint Technologies group. (“Surepoint”). After selling Ironline’s after-sales services business in May 2021, this transaction represents the sale of all remaining business lines and marks Staple Street Capital’s complete exit from its investment in Ironline.

Tim Kelley, CEO of Ironline, said: “We would like to thank the Staple Street Capital team for their partnership and support over the years. Staple Street Capital has made significant investments in Ironline and provided valuable resources to establish Ironline as a leading player in the Western Alberta compression solutions market. Their collaborative approach, long-term mindset and value-added resources have made SPC a great partner.

Staple Street Capital partners added, “We are proud of the Ironline team and all they have accomplished during our ownership. Management has reinvigorated the culture, people, processes and systems of the company, resulting in significant growth, a better place to work for employees and improved customer service. The team has made Ironline a stronger business as evidenced by the successful sale to Surepoint and the significant value creation during our ownership.

About Staple Street Capital

Staple Street Capital, a leading private equity firm with approximately $ 800 million in capital under management, invests in market-leading companies where there are identifiable strategic or operational opportunities to create value. SSC helps companies navigate change and capitalize on new opportunities to build strong, more valued businesses. Staple Street Capital typically seeks to invest between $ 25 million and $ 125 million in equity per trade. For more information, please visit www.staplestreetcapital.com.

CONTACT: Kevin Siedenburg

Head of Business Development

KEYWORD: NORTH AMERICA CANADA

INDUSTRY KEYWORD: FINANCING OF PROFESSIONAL BANKING SERVICES

SOURCE: Staple Street Capital

Copyright Business Wire 2021.

PUB: 11/23/2021 10:40 a.m. / DISC: 11/23/2021 10:41 a.m.

Copyright Business Wire 2021.

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