Ironwood Capital Announces Exit from Bush Industries

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AVON, CONNECTICUT, January 14, 2020 – Ironwood Capital is pleased to announce an exit of its subordinated debt and minority equity investment in Bush Industries (“Bush”) via a sale to Canadian designer and manufacturer of ready-to-assemble home and office furniture, Bestar, Inc. (“Bestar”). Bush, headquartered in Jamestown, New York, is a leading manufacturer and distributor […]

Ironwood Capital Announces Sale of Precision Manufacturer Numet Machining Techniques

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“Ironwood Capital is proud to have partnered with Numet over the past several years. During our investment period, the Numet management team transformed the business from a components supplier to a value-added partner and trusted resource for its major customers. Significant investments in people, facilities and production equipment made Numet an attractive strategic asset for potential acquirers…”

Ironwood Capital Announces Subordinated Debt and Equity Investment in Manufacturer Libra Industries

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AVON, CONNECTICUT, May 22, 2019 – Ironwood Capital is pleased to announce an investment of subordinated debt and equity in Libra Industries (“Libra”). Libra, based in Mentor, Ohio, is a contract manufacturer of engineered printed circuit board assemblies (“PCBA”), electromechanical assemblies and electronic control solutions. “It’s a great fit. The core competencies of Libra are […]

Ironwood Capital Announces Investment in American Roller Company

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AVON, CONNECTICUT, February 21, 2019 – Ironwood Capital is pleased to announce an investment in American Roller Company (“American Roller”), headquartered in Union Grove, Wisconsin. The company is a leading servicer and manufacturer of industrial rollers and specialty coatings for use in web converting systems. “We were impressed with the company’s breadth of roller solutions […]

Ironwood Capital Portfolio Company NSA Industries Acquires Metal Tronics

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AVON, CONNECTICUT, December 5, 2018 – Ironwood Capital is pleased to announce that manufacturer NSA Industries (“NSA”), a portfolio company of the firm, has acquired Metal Tronics, located in Georgetown, Massachusetts.  Metal Tronics is a provider of precision metal fabrication and CNC machining solutions. “One year ago, when Ironwood Capital originally invested in NSA, the […]

Merrill Industries LLC, Ironwood Capital Connecticut Portfolio Company, in the News

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Ironwood Capital Connecticut portfolio company Merrill Industries LLC was recently featured in Boxscore, a publication of the Independent Packaging Association. Merrill Industries is a niche manufacturer of innovative packaging solutions.  Rick Wheeler, Merrill CEO, was interviewed for the article.  In the article, Wheeler summarized what it takes to succeed when rebranding your company,”‘I just can’t […]

Ironwood Capital Announces Investment in Industrial Timber

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AVON, CONNECTICUT, November 28, 2017 – Ironwood Capital is pleased to announce a subordinated debt and minority equity investment in Industrial Timber, Inc., headquartered in Hiddenite, North Carolina. Industrial Timber, Inc. is the nation’s largest designer and manufacturer of outsourced, ready-to-assemble just-in-time wooden frames to the upholstered furniture industry. “Industrial Timber has forged long-term customer relationships with […]