AVON, CONNECTICUT – OCTOBER 11, 2022 – Ironwood Capital is pleased to announce its subordinated debt and equity investments to support a majority investment in AGS Construction (“AGS”) by Crescendo Capital Partners.
Founded in 1982 and based in Englewood, Colorado, AGS provides building services for both new construction and aging properties, with one-stop service solutions for all repair, reconstruction, and renovation needs throughout a property’s life cycle. The company targets homeowner associations, property managers, engineers, and other multi-site property operators, with the goal of becoming the go-to contractor for everyday repair and large reconstruction needs.
“AGS benefits from a wide network of sales referral sources and being located in a geography experiencing growth in both new construction and aging building infrastructure. The company’s value-add service offerings have been developed and expanded over time with a core competency in weatherization and environmental requirements for high-altitude, four-season Colorado weather,” stated Ironwood Capital Partner Alex Levental. “The current management team has successfully grown the company into a professionalized, growth-oriented operation with robust systems and clear competitive differentiators. We look forward to partnering with Crescendo, a known, value-add sponsor and the team at AGS to expand the company further.”
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 AGS Construction
AGS provides building services for both new construction and aging properties, with one-stop service solutions for all repair, reconstruction, and renovation needs throughout a property’s life cycle. For more information, please visit: agsconstruction.com
Carolyn C. Galiette
Partner, President and
Chief Investment Officer
Kimberly A. Craig