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06/08/2022 | Announcement
Ironwood Capital Makes Strategic Investment in a National Leading Renewable Energy & Infrastructure Contractor

Equity and Subordinated Debt investment positions Directional Services, Inc.for expansion of utility-scale solar and energy infrastructure construction services

AVON, CONNECTICUT, June 8, 2022 – Ironwood Capital is pleased to announce its investment in Directional Services, Inc. (“DSI”), a national leading utility-scale and specialty energy infrastructure contractor. This investment will support DSI’s continued focus on expanding its specialized renewable energy services offering, modernizing its internal infrastructure, and build upon its superior team of dedicated professionals.

Headquartered in Hope Mills, North Carolina, DSI has operated for seventeen years and has grown to become one of the nation’s leading utility and renewable energy contractors with operations that extend throughout the United States. Recently ranked as the #1 solar electrical and #3 top solar contractor by Solar Power World, the company is comprised of two divisions: Renewable Energy Solutions and Specialized Energy Infrastructure Support Services. The renewable energy division excels in the completion of utility-scale solar facilities, energy storage, substations, and electrical services. The specialized infrastructure support division consists of above ground and underground utility construction services, directional drilling, and pipeline construction. 

“Few providers have the capabilities to take on projects at the scale that DSI does, especially in the rapidly growing utility-scale solar space,” stated Ironwood Capital Managing Director Paul Witinski. “DSI’s expertise in solar and energy infrastructure construction is unparalleled in the industry, providing them a clear competitive advantage as they expand their national footprint and scope of services.” 

Ironwood Capital Partner Alex Levental added, “Renewable energy is of strategic importance to the future of utility-grade energy services. DSI’s unique capabilities to construct large-scale utility solar facilities provides a significant market opportunity for the company to build on its leadership position, and we’re excited to support this critical part of renewable infrastructure.” 

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 Directional Services, Inc.

DSI provides specialized utility-scale solar construction and infrastructure support services to some of the nation’s leading energy developers, private industry, and public utilities & energy companies. The company provides construction, operations, and maintenance services to bring electric power and renewable energy sources to hundreds of millions in North America. In business since 2005, the company is headquartered in Hope Mills, North Carolina with operations that extend throughout the United States. 

For more information, please visit: directionalservices.net  

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