AVON, CONNECTICUT – July 28, 2022 – Ironwood Capital is pleased to announce an exit from its investment in Ripley Tools, LLC (“Ripley”), which was sold to Hubbell Incorporated (NYSE:HUBB) earlier this month. Headquartered in Cromwell, Connecticut, Ripley designs and manufactures cable preparation tools, testing and measuring equipment for the fiber optic, coaxial cable, telecom and electrical utility markets.
John Jutila, former CEO of Ripley, commented “We are thrilled to be part of the Hubbell organization and partnering with them to serve our existing customer relationships while supporting the development of new strategic opportunities.”
“Ripley offers a wide platform of brands with a reputation for quality tools. Over the course of our investment, it has been exciting to see the company’s growth. Ripley has successfully launched new products to meet customer needs and integrated add-on acquisitions to expand its customer base and introduce complimentary product offerings, which has built a platform for future opportunities,” stated Ironwood Capital Partner Alex Levental.
About Ironwood Capital
Celebrating 20 Years of Middle Market Investing
Ironwood Capital provides non-control growth capital to middle market companies across the U.S. The Firm has invested more than $1 billion in over 100 companies since 2001 and currently invests subordinated debt and minority equity in amounts ranging from $10 million to $30 million. Ironwood’s investments support business owners and financial sponsors in growth financings, full and partial recapitalizations, generational transitions, and buyouts.
For more information, please visit: ironwoodcap.com
About Ripley Tools, LLC
Founded in 1936, Ripley has been leading the way in the design and manufacture of equipment, tools and technology for specialized applications ever since. Today, they are a global provider of cable preparation tools and accessories to the power utilities, fiber optic and cable television industries. Product lines include Miller, Cablematic, UtilityTool, and ODM.
For more information, please visit: ripley-tools.com
Carolyn C. Galiette
Partner, President and
Chief Investment Officer
Kimberly A. Craig