Staple Street Capital Sells Ironline Compression to Surepoint Technologies Group
NISKU, Alberta–(BUSINESS WIRE)–Staple Street Capital (“Staple Street Capital” or “SSC”), a leading middle-market private equity firm with approximately $800 million of capital under management, is pleased to announce the sale of Ironline Compression (“Ironline”) to Surepoint Technologies Group (“Surepoint”). Having sold Ironline’s aftermarket services business in May of 2021, this transaction represents the sale of all remaining business lines and marks Staple Street Capital’s full exit of its investment in Ironline.
Tim Kelley, CEO of Ironline stated, “We want to thank the Staple Street Capital team for their partnership and support over the years. Staple Street Capital made significant investments in Ironline and provided valuable resources to make Ironline a leading player in the Western Alberta compression solutions market. Their collaborative approach, long-term mindset and value-added resources made SSC a great partner.”
The partners at Staple Street Capital added, “We are proud of the Ironline team and all that they have achieved during our ownership. Management reinvigorated the culture, people, processes, and systems of the Company which resulted in significant growth, a better place to work for employees, and improved customer service. The team made Ironline a stronger company, 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 of capital under management, invests in market‐leading businesses 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 valuable businesses. Staple Street Capital typically seeks to invest $25 million – $125+ million of equity per transaction. For more information, please visit www.staplestreetcapital.com.
Contacts
Kevin Siedenburg
Head of Business Development
[email protected]
C: 646-477-2901
