Investment Summary

Ironwood Capital, Akoya Capital Partners and Landon Capital Partners Invest In Momentum Manufacturing Group

On November 1, 2017, growth capital firm Ironwood Capital, private equity firm Akoya Capital Partners and family office Landon Capital Partners invested in manufacturer Momentum Manufacturing Group

Investment Highlights
  • This is Ironwood Capital’s 8th, Akoya Capital Partners’ 4th and Landon Capital Partners’ 1st transaction in the Manufacturing sector.
  • This is Ironwood Capital’s 54th, Akoya Capital Partners’ 15th and Landon Capital Partners’ 2nd transaction in the United States.
  • This is Ironwood Capital’s 4th, Akoya Capital Partners’ 2nd and Landon Capital Partners’ 1st transaction in Massachusetts.
Investment Fate
  • Momentum Manufacturing Group was sold to a consortium of financial buyers in 2021.

Investment Summary

Date 2017-11-01
Target Momentum Manufacturing Group
Sector Manufacturing
Investor(s) Ironwood Capital
Akoya Capital Partners
Landon Capital Partners
Deal Type Growth Capital

Target

Momentum Manufacturing Group

Georgetown, Massachusetts, United States
website
Momentum Manufacturing Group provides metal fabrication, machining, powder coating, and assembly operation in New England and serves as a contract manufacturer to a range of consumer and industrial customers. Operations include fabrication and machining with a broad array of process technologies serving diverse end markets. Momentum Manufacturing Group was founded in 1982 and is based in Georgetown, Massachusetts.

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Investor(S) 3

Investor

Ironwood Capital

Avon, Connecticut, United States

Investor Investor Investor Investor Investor

website


Category Growth Capital Firm
Founded 1986
PE ASSETS 1.0B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Ironwood Capital is a private investment firm that makes equity and subordinated debt investments in lower middle-market companies. Investment proceeds are generally used to support leveraged buyouts, growth financings, and recapitalizations. Investments typically range from $5 to $20 million in companies generating $20 to $200 million in annual sales. Target sectors include healthcare products/services, value-added manufacturing, business services, consumer products, specialty distribution, and education. Ironwood prefers opportunities East of the Mississippi, but will selectively consider investments in the Western US. The Firm's investment horizon is three to five years. Ironwood Capital was formed in 2002 and is based in Avon, Connecticut.


DEAL STATS #
Overall 54 of 88
Sector (Manufacturing) 8 of 17
Type (Growth Capital) 10 of 26
State (Massachusetts) 4 of 6
Country (United States) 54 of 88
Year (2017) 5 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-17 VLS Environmental Solutions

Houston, Texas, United States

VLS Environmental Solutions is a provider of waste treatment and recycling, and interior railcar cleaning services. VLS Environmental Solutions also provides customized processing solutions for non-hazardous waste, including waste-to-energy and other landfill diversion programs, solidification of liquid waste, recycling, and wastewater treatment. VLS Environmental Solutions was founded in 2007 and is based in Houston, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-28 Industrial Timber

Tupelo, Mississippi, United States

Industrial Timber is a designer and manufacturer of outsourced, ready-to-assemble just-in-time wooden frames for the upholstered furniture industry. The company works with furniture manufacturers to supply the designed, most efficient frames available, helping them improve quality while making a positive impact on their bottom line. Industrial Timber was founded in 1999 and is based in Tupelo, Mississippi.

Buy -
DESCRIPTION

Akoya Capital Partners is a private equity firm focused on acquiring profitable US-based middle-market companies with $25 to $200 million in revenue. The Firm generally pursues privately-owned companies, especially family-owned businesses. Sectors of interest include chemicals, food, information services, consumer products, industrial products, and industrial distribution. Akoya Capital Partners was formed in 2005 and is based in Chicago, Illinois.


DEAL STATS #
Overall 15 of 24
Sector (Manufacturing) 4 of 6
Type (Growth Capital) 2 of 5
State (Massachusetts) 2 of 2
Country (United States) 15 of 24
Year (2017) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-28 ICM Products

Cassopolis, Michigan, United States

ICM Products, Inc. is a specialty silicone formulator specializes in the development of silicone polymers, emulsions, defoamers, and other specialty chemicals for use in a broad range of applications and end markets. ICM Products was founded in 1989 and is based in Cassopolis, Michigan.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-05 NutriScience USA

Milford, Connecticut, United States

NutriScience USA develops and markets branded, highly differentiated nutritional ingredients that are sold to a variety of customers including blue-chip supplement and wellness brands. NutriScience USA was founded in 1993 and is based in Milford, Connecticut.

Buy -
DESCRIPTION

Landon Capital Partners is a family office focused on acquiring healthcare services, niche manufacturing, business services, and food/beverage companies. Landon Capital seeks control situations and prefers US-based opportunities, although the Firm will opportunistically consider acquisitions in Europe. Target companies generally exhibit opportunities to create value, strong management, and predictable earnings. Landon Capital Partners was formed in 2015 and is based in Boston, Massachusetts, and has offices in New York and London.


DEAL STATS #
Overall 2 of 8
Sector (Manufacturing) 1 of 1
Type (Growth Capital) 2 of 3
State (Massachusetts) 1 of 1
Country (United States) 2 of 8
Year (2017) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-16 Clarus Commerce

Rocky Hill, Connecticut, United States

Clarus Commerce is a developer and operator of cloud based comprehensive platform for membership and loyalty programs through an owned and operated channel and white label channel. Clarus Commerce was founded in 2001 and is based in Rocky Hill, Connecticut.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-12 Blue Bell Mattress

East Windsor, Connecticut, United States

Blue Bell Mattress manufactures private label and license-branded mattresses for customers in the retail mattress and furniture industry. Blue Bell Mattress was founded in 1928 and is based in East Windsor, Connecticut.

Buy -