Ironwood Capital Announces Subordinated Debt and Equity Investment in Cox Transportation Services

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AVON, CONNECTICUT, Nov. 11, 2020 – Ironwood Capital is pleased to announce an investment in Cox Transportation Services (“Cox” or the “Company”), a leading provider of truckload freight services. The majority recapitalization was led by Expedition Capital Partners and Tecum Capital, with a subordinated debt and equity investment provided by Ironwood Capital. The three groups […]

Ironwood Capital Announces Subordinated Debt Investment in Peltram Plumbing, LLC

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AVON, CONNECTICUT, Nov. 10, 2020 – Ironwood Capital is pleased to announce a subordinated debt investment in Peltram Plumbing, LLC (“Peltram”). Peltram is a plumbing services provider based in Seattle, Washington, with a primary focus on the residential construction market. Peltram will use the proceeds from the Ironwood Capital investment to complete its acquisition of […]

Ironwood Capital Announces Subordinated Debt and Equity Investment in Micro Precision, LLC

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AVON, CONNECTICUT, October 28, 2020 – Ironwood Capital is pleased to announce a subordinated debt and equity investment in precision manufacturer Micro Precision, LLC (MPI) to support the acquisition of PRL Inc. (PRL). Headquartered in South Windham, Connecticut, MPI is a tier-one, Level 1/SUBSAFE supplier of critical components and assemblies for the United States Navy’s […]

Ironwood Capital Announces Subordinated Debt and Preferred Equity Investments in Boston Carting Services, LLC

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AVON, CONNECTICUT, October 14, 2020 – Ironwood Capital is pleased to announce subordinated debt and preferred equity investments in Boston Carting Services, LLC (BCS). Headquartered in East Greenwich, Rhode Island, BCS provides non-hazardous solid waste and recycling collection services in the Greater Boston market. The company was founded by Patsy Sperduto, president and CEO, a […]

Impact of COVID-19 on Portfolio Company Valuations: Ironwood Capital CFO Zach Luce Participates in SBIA Panel

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On September 22, 2020, Ironwood Capital CFO Zach Luce was part of an SBIA (Small Business Investor Alliance) panel discussing the impact of COVID-19 on portfolio company valuations. Watch the video to learn more about which best practices SBIC fund managers have implemented to calculate valuations and what lies ahead. Lunch & Learn Webinar Series: […]

Ironwood Capital Precision Manufacturer MMG in the News

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Momentum Manufacturing Group (MMG), an Ironwood Capital portfolio company, was recently featured on the cover of The Fabricator magazine. MMG, formerly known as NSA Industries, is one of the top 10 specialty manufacturing companies in the United States.  It offers end-to-end metal and contract manufacturing capabilities.  Momentum Manufacturing Group, an Ironwood Capital portfolio company, was […]

Ironwood Capital Welcomes Tyler Klenk as Private Equity Analyst

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AVON, CONNECTICUT, June 1, 2020 – Ironwood Capital is pleased to announce that Tyler Klenk has joined the firm as a private equity analyst.  Tyler is responsible for reviewing new investment opportunities, conducting research and performing financial modeling and due diligence. In addition, Tyler provides support for business development activities and portfolio management. Tyler Klenk […]

Ironwood Capital Exits Logistics and Distribution Provider Performance Team

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AVON, CONNECTICUT, April 2, 2020 –  Ironwood Capital is pleased to announce an exit from its subordinated debt investment in Performance Team.  The company was purchased by A.P. Moller – Maersk and will integrate its services with Maersk Warehousing & Distribution’s regional network of 20+ facilities in the United States and Canada. Headquartered in Los […]

Ironwood Capital Connecticut Announces Air Temp Mechanical Services, Inc. Exit

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AVON, CONNECTICUT, February 10, 2020 – Ironwood Capital Connecticut, a unit of Ironwood Capital, is pleased to announce an exit from a subordinated debt investment in Air Temp Mechanical Services, Inc. (“Air Temp”), made by its co-managed fund. The fund maintains its warrant position in Air Temp, headquartered in Southington, Connecticut. Air Temp is a […]