Shnier parent sold to private equity firm

Gesco Industries LP has announced that the sale of its assets to Ironbridge Equity Partners is complete. Gesco comprises floor-covering distributor Shnier; Division9, which supplies commercial flooring products to the architecture and design sectors; and Tierra Sol Ceramic Tile.

Ironbridge, a Toronto-based private equity firm, previously owned Gesco from 2007 to 2013. Founded 85 years ago, Shnier designs, sources, merchandises, markets, sells, and distributes a range of licensed and proprietary private label brands.