05/17/2022 | Announcement
Ironwood Capital Announces Subordinated Debt Investment in Newbury Franklin Industrials
AVON, CONNECTICUT, May 17, 2022 – Ironwood Capital is pleased to announce its subordinated debt investment to support Newbury Franklin Industrials’ acquisition of Metro Plastics Technologies and MoldTech.
Newbury Franklin Industrials (“NFI”) is a value-added manufacturer and supplier of consumable industrial components for the North American maintenance, repair, and operations (“MRO”) and general industrial markets. NFI comprises diversified industrial companies to provide one-stop-shopping for distribution and OEM customers.
“The strong management team at NFI has developed a scalable platform to support a buy-and-build strategy. The acquisitions of Metro Plastics Technologies and MoldTech enable NFI to execute a consolidation strategy of recurring revenue, recession-resistant companies within the highly fragmented MRO market.” stated Ironwood Capital Partner Alex Levental.
Ironwood Capital Director Trevor Russo added, “Newbury Franklin Industrials has a strong track record with substantial M&A experience. We look forward to this partnership to deepen the manufacturing capabilities and product offering at NFI.”
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 Newbury Franklin Industrials
Newbury Franklin Industrials is a leading value-added manufacturer and supplier of consumable industrial components for the North American maintenance, repair, and operations (“MRO”) market and other related products and service categories for industrial businesses and institutions.
For more information, please visit: newburyfranklin.com.
Media Contacts
Carolyn C. Galiette Partner,
President and
Chief Investment Officer
(860) 409-2105
galiette@ironwoodcap.com
Kimberly A. Craig
Vice President
Investment Operations
(860) 409-2125
craig@ironwoodcap.com
