Private Equity Firm Financial Services

Ironwood Capital

Avon, Connecticut, United States

Ironwood Capital provides non-control junior capital to middle-market companies across the U.S., investing primarily in subordinated debt and minority equity to support growth financings, recapitalizations, generational transitions and buyouts.

Focus Areas
Subordinated debt, Minority equity, Junior capital (non-control)
Website
ironwoodcap.com

Tracked deals

13

13 tracked deals across 2020-2025.

Recent pace

0

0 tracked deals announced in the last 12 months.

Deal mix

Addon

5 addon · 5 buyout · 2 recapitalization

Ironwood Capital Acquisition Volume by Year

Last 6 years

Acquisition volume by year Annual acquisition counts for the last 6 years for Ironwood Capital. 1 2020 2 2021 3 2022 4 2023 2 2024 1 2025

Supporting Data

Recent Transactions

Showing the 12 most recent of 13 tracked deals for Ironwood Capital.

  • Buyer
    H3 Manufacturing Group, Rock Gate Partners, Ironwood Capital
    Target
    RFR Metal Fabrication
    Industry
    Manufacturing
    Type
    Addon

    H3 Manufacturing Group, a Rock Gate Partners portfolio company, has acquired RFR Metal Fabrication, a precision metal fabrication shop based in Oxford, North Carolina. The add-on expands H3's multi-operation manufacturing capabilities (laser cutting, CNC machining, welding, powder coating and automated busbar fabrication) to better serve power distribution, power quality and data center customers following H3's recent recapitalization with Rock Gate Partners and Ironwood Capital.

  • Buyer
    Wincove Private Holdings, LP, Ironwood Capital
    Target
    Elite Equipment Rental, LLC, Elite Parts, LLC

    Wincove Private Holdings, with participation from Ironwood Capital, recapitalized and provided growth capital to Elite Equipment Rental, LLC and its subsidiary Elite Parts, LLC. The transaction funds fleet growth, parts inventory and geographic expansion while Founder and President Chris Chapman remains in his leadership role.

  • Buyer
    Groome Industrial Service Group, Argosy Private Equity, Seacoast Capital, Ironwood Capital
    Target
    W-S Companies
    Type
    Addon

    Groome Industrial Service Group (an Argosy Private Equity portfolio company) acquired W-S Companies, a veteran-owned industrial and mechanical services provider headquartered in Council Bluffs, Iowa. Seacoast Capital and Ironwood Capital provided subordinated debt and co-investment capital to support the acquisition alongside Argosy and existing investors; Bridgepoint advised W-S on the sale.

  • Buyer
    Le Sueur Incorporated, Delos Capital, Silverfern, Ironwood Capital, Genesis Park
    Target
    Craft Pattern and Mold
    Seller
    Tony Cremers, Lisa Cremers
    Industry
    Manufacturing
    Type
    Addon

    Le Sueur Incorporated (LSI), a portfolio company of Delos Capital, completed the acquisition of Craft Pattern and Mold, a Montrose, Minnesota-based rapid prototyping and precision metal and plastics component manufacturer. The transaction was supported by equity from Silverfern and debt/equity from Ironwood Capital and Genesis Park, and is intended to expand LSI's capabilities and provide an end-to-end manufacturing offering.

  • Buyer
    Woodings Industrial Corporation, Munroe Inc., Ironwood Capital
    Target
    Superior Machine Company of South Carolina, Inc.
    Industry
    Manufacturing
    Type
    Buyout

    Woodings Industrial Corporation and affiliated company Munroe Inc., with financing from Ironwood Capital, acquired 100% of Superior Machine Company of South Carolina, Inc., a Florence, South Carolina-based provider of melt‑shop equipment manufacturing and field services. The deal adds electric arc furnace and continuous casting capabilities to Woodings’ portfolio and will allow Superior to operate independently under the Woodings Industrial group while supporting accelerated growth and expanded North American market coverage.

  • Buyer
    Summit Steel Fabricating Group, Lorraine Capital, LLC, Ironwood Capital
    Target
    Laser Specialties, Inc.
    Seller
    Owners of Laser Specialties, Inc.
    Industry
    Manufacturing
    Type
    Addon

    Summit Steel Fabricating Group has acquired Laser Specialties, Inc. (LSI), a Tulsa-based custom and contract metal manufacturer. The deal is an add-on to Summit's PE-backed manufacturing platform (backed by Lorraine Capital) and will expand Summit's capacity, capabilities and end-market exposure across OEM, military and energy customers; terms were not disclosed.

  • Buyer
    Delos Capital, The Silverfern Group, Le Sueur management team, Ironwood Capital, Genesis Park
    Target
    Le Sueur Incorporated
    Seller
    Mueller family
    Industry
    Manufacturing
    Type
    Buyout

    Delos Capital and The Silverfern Group partnered with Le Sueur Incorporated's management team to complete a buyout of the family-owned manufacturer LSI, with Ironwood Capital and Genesis Park providing supporting debt and equity. The transaction secures continuity after a third-generation ownership period and positions LSI to pursue growth through manufacturing and technology investments.

  • Buyer
    ARS Recycling Systems, Ironwood Capital
    Target
    Ernest Industries Inc.
    Industry
    Manufacturing
    Type
    Addon

    ARS Recycling Systems, a portfolio company of Ironwood Capital, has acquired Ernest Industries Inc., a fabricator of short-load concrete mixers and road-striping machines. The deal expands ARS's fabrication capabilities and asset base, enabling more in-house subassembly production to improve lead times and support expansion into additional infrastructure-related markets.

  • Buyer
    Clairvest Group Inc. (CEP VI), Ironwood Capital
    Target
    Star Waste Systems (dba Boston Carting Services)
    Type
    Buyout

    Clairvest Group Inc., through Clairvest Equity Partners VI, made an equity investment to acquire a majority interest in Star Waste Systems (dba Boston Carting Services). Ironwood Capital, an existing investor, participated in the transaction/recapitalization. The deal will support Star Waste’s growth in the Greater Boston market and expand its waste collection and materials-recovery capabilities.

  • Buyer
    Ancor Capital Partners, Ironwood Capital
    Target
    Mid-West Textile
    Type
    Buyout

    Ancor Capital Partners has entered a partnership with Mid-West Textile, a leading textile recycling, grading and resale business headquartered in El Paso, Texas. The transaction closed April 20, 2022 (terms undisclosed); Ironwood Capital provided subordinated debt financing and co-invested equity to support the deal. Mid-West plans to vertically integrate its supply chain by acquiring collection operations and expanding sales channels to scale its grading and export business.

  • Buyer
    Serata Capital Partners, Ironwood Capital
    Target
    Page Publishing Consortium
    Type
    Buyout

    Serata Capital Partners completed an investment partnership with Page Publishing Consortium in late December 2021 to support accelerated organic growth and an acquisition-driven strategy. The transaction was supported by senior financing from Wintrust Bank and mezzanine/minority equity from Ironwood Capital, positioning Page — a multi-brand self-publishing services group serving over 10,000 authors annually — for expanded scale and add-on activity.

  • Buyer
    Ironwood Capital, Tenaz Capital
    Target
    Tracked Lifts, LLC

    Ironwood Capital has made subordinated debt and minority equity investments in Tracked Lifts, LLC, a New Oxford, Pennsylvania-based distributor of Platform Basket and Omme tracked multi-terrain and trailer-mounted aerial lifts. The financing — which involves Tenaz Capital as an existing investor/partner — will fund staffing, systems improvements and market expansion as Tracked Lifts scales operations under incoming CEO Jim Grande.

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