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01/06/2023 | Announcement
Ironwood Capital Announces Investment in Le Sueur Incorporated

AVON, CONNECTICUT – January 6, 2023 – Ironwood Capital is pleased to announce an investment in Le Sueur Incorporated (“LSI” or the “Company”).   The investment of debt and equity was made alongside Genesis Park to support the acquisition of LSI by Delos Capital and The Silverfern Group. 

LSI, based in Le Sueur, MN, is a leading supplier of complex and pressure-tight aluminum castings and plastic injection molded components. LSI specializes in utilizing permanent mold, sand casting, die casting, plastic injection molding, and precision machining manufacturing processes and leverages the capabilities of its dedicated engineering and design teams to provide customers with the most cost-effective method of manufacturing.

“LSI is a critical component of its customers’ supply chains due to its expertise in producing high quality castings for dimensionally challenging, pressure-tight applications. The Company provides a wide range of in-house tooling design, engineering and production capabilities and is poised to benefit from the macroeconomic reshoring trend in the U.S.,” stated Ironwood Capital Managing Director Paul Witinski. “We look forward to partnering with the experienced investor group and management team at LSI on the next phase of growth.”

About Ironwood Capital
Over 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 Le Sueur Incorporated
Founded in 1946 and based in Le Sueur, MN, LSI is a leading supplier of complex precision aluminum castings and plastic injection molded components. For more information, visit: lesueurinc.com.


Media Contacts
Carolyn C. Galiette
Partner, President and
Chief Investment Officer
(860) 409-2105
Kimberly A. Craig
Vice President
Investment Operations
(860) 409-2125