Osprey Capital Partners advises Alexandria Moulding on deal with US based Industrial Opportunity Partners

TORONTO, April 26, 2016 /CNW/ - Osprey Capital Partners Inc. is announcing today that it assisted Moulure Alexandria Moulding Inc. in completing a partnership and recapitalization with Industrial Opportunity Partners.

(Photo: http://photos.prnewswire.com/prnh/20160425/359608LOGO)

Osprey Capital was engaged by Alexandria to find a partner and investor that could bring additional resources, experience and expertise to enable them to capitalize on the unprecedented opportunities within the marketplace.

Alexandria is a manufacturer and distributor of wood mouldings and related millwork products for the Canadian and Northern U.S. markets selling directly to retailers, wholesale building product distributors and industrial customers. The Company, headquartered in Alexandria, Ontario, Canada, has a manufacturing and distribution facility in Alexandria and a hardwood manufacturing operation in Bradford, Ontario. The Company also has a manufacturing and distribution facility in Moxee, Washington and two other distribution facilities in Wilkes Barre, Pennsylvania and La Porte, Indiana.

IOP is partnering with the Cholette Family to re-capitalize the business to help the transition from the 3rd generation and to support future growth. Andre Cholette, President & CEO, and the rest of the Alexandria Sr. management team, all of whom will have ownership interests, will remain in their current management roles to continue to grow the business. Dave Mackin, an IOP Operating Principal, will assume the position of Chairman.

As Mr. Cholette explains, "Osprey were true professionals from start to finish. They took us through a systematic process, backed with a wealth of experience, to help find the best possible partner. This process was about making the company stronger and poised for growth; Osprey helped us achieve exactly that."

"The shareholders and management team have built a great business, one that will continue to grow and be successful with IOP as a new partner. We are happy to have helped them along the way." said Stephen Jakob, Co-Founder and Partner of Osprey Capital.

Osprey Capital represented the shareholders of Alexandria. Wells Fargo and Scotiabank provided financing, and McDermott, Will & Emery provided legal representation to IOP.

About Osprey Capital Partners

Since 1998 Osprey Capital has become one of Canada's leading independent mid-market investment banking and financial advisory firms. Our Partners have broad experience assisting owners, managers and companies to finance, buy and sell businesses. For more information, visit Osprey's website at www.ospreycapital.ca.

SOURCE Osprey Capital Partners

Image with caption: "Osprey Capital Partners Inc. (CNW Group/Osprey Capital Partners)". Image available at: https://photos.newswire.ca/images/download/20160426_C5532_PHOTO_EN_673972.jpg

For further information: Stephen Jakob, sjakob@ospreycapital.ca, 1 416 867 8282


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