Ironwood Capital Connecticut Announces Acquisition of Hipoint Heating & Cooling Inc.

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AVON, CONNECTICUT, April 7, 2022 – Ironwood Capital Connecticut, a unit of Ironwood Capital, is pleased to announce that Air Temp Mechanical Services, Inc. (“Air Temp”), a portfolio company of Ironwood Capital Connecticut and Anvil Capital, has acquired Hipoint Heating & Cooling Inc. of South Windsor, Connecticut (“Hipoint”). The deal was structured as an add-on acquisition for Air […]

Ironwood Capital Connecticut Invests in Pith Products, LLC

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AVON, CONNECTICUT, March 10, 2022 – Ironwood Capital is pleased to announce Ironwood Capital Connecticut’s subordinated debt and preferred equity investment in Pith Products, LLC (“Pith”). Located in Ashford, Connecticut, Pith designs and manufactures tool storage solutions primarily for the aerospace industry and precision tool markets.Ironwood Capital Connecticut provided subordinated debt and, along with The […]

Ironwood Capital is pleased to announce Team Expansions and Promotions

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AVON, CONNECTICUT, March1, 2022 – Ironwood Capital, an experienced provider of non-control capital to middle market companies, is pleased to announce the expansion of our investment team and the promotion of several key professionals.  NEW ADDITIONS Obaa Yaa Atuahene AnalystNihar Patel Associate Patrick Patrell AnalystJacqueline Jutras Analyst PROMOTIONS Paul Witinski Managing DirectorKimberly Craig Vice President […]

Furniture Manufacturer Behold Home Expansion Featured

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The expansion of furniture manufacturer Behold Home, a portfolio company of Ironwood Capital, was recently featured in the media. Behold occupies over 1,000,000 square feet in two Mississippi facilities, Pontotoc and Smithville, with 400,000 square feet devoted to distribution. About Ironwood CapitalMail | More Posts(149)

Avon Financial Firm Provides Business Expansion Capital (Hartford Courant)

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When you haven’t saved up enough profits over the years to put your business expansion plan into action, how do you get the money? Business owners can borrow from a bank, but banks are reluctant to lend more than two times the free cash flow, which is earnings minus the working capital needed to stay […]

Four Capitalize On Corporate Independence (Hartford Courant)

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By MARY AGNES CAREY; Courant Staff Writer, reprinted from The Hartford Courant, October 1, 1991 After five years of weighing risks that other people take, four former employees of Aetna Financial Services Inc. are taking a big risk themselves. They left the Aetna Life & Casualty Co. subsidiary to form their own investment banking firm. […]