AVON, CONNECTICUT, September 20, 2018 – Ironwood Capital is pleased to announce an investment in niche manufacturer Capewell Aerial Systems, LLC (“Capewell”). Headquartered in South Windsor, Connecticut, Capewell designs and manufactures tactical, parachute and aerial delivery products. Founded in 1881, Capewell has been in business for over 130 years.
“Over the past several years, Capewell has increased market share of its primary products and expanded its practice of accretive acquisitions to further diversify its revenue streams, product portfolio, end markets and customer base,” noted Alex Levental, Ironwood Capital managing director. “It has built a very flexible foundation.”
Stated Ironwood Capital Managing Director Jim Barra, “We are pleased the existing Capewell management team will continue to lead the company. Management is intimately familiar with its markets and has entrenched relationships, allowing the team to work with customers to develop new proprietary products and drive continued growth.”
About Ironwood Capital
Ironwood Capital is a Connecticut-based private equity firm that provides non-control growth capital to middle market companies, investing more than $750 million in over 130 companies over the past 17 years. Ironwood invests in the form of subordinated debt and preferred stock in amounts ranging from $5 million to $20 million to support business owners and financial sponsors in growth financings, full and partial recapitalizations, generational transitions and buyouts. For more information, please visit www.ironwoodcap.com.
About Capewell Aerial Systems, LLC
Headquartered in South Windsor, Connecticut, niche manufacturer Capewell Aerial Systems is a leader in aerospace and life support and a respected provider of engineered products for aerial delivery, life support and tactical gear for military, law enforcement and humanitarian agencies worldwide. Capewell has thrived by helping customers conceive, engineer, prototype, manufacture and field test products that must perform flawlessly in critical situations. The company owns two primary manufacturing facilities, one in South Windsor, Connecticut and the other in Meadows of Dan, Virginia and also leases two smaller production facilities in Stuart and Ararat, Virginia. For more information please visit www.capewellaerialsystems.com.
Carolyn C. Galiette
Chief Investment Officer