Investment Summary

Ironwood Capital Invests In Newbury Franklin Industrials

On May 17, 2022, growth capital firm Ironwood Capital invested in manufacturer Newbury Franklin Industrials

Investment Highlights
  • This is Ironwood Capital’s 16th transaction in the Manufacturing sector.
  • This is Ironwood Capital’s 83rd transaction in the United States.
  • This is Ironwood Capital’s 5th transaction in Massachusetts.

Investment Summary

Date 2022-05-17
Target Newbury Franklin Industrials
Sector Manufacturing
Investor(s) Ironwood Capital
Deal Type Acquisition Financing

Target

Newbury Franklin Industrials

Newburyport, Massachusetts, United States
website
Newbury Franklin Industrials is a value-added manufacturer and supplier of consumable industrial components for the North American maintenance, repair, and operations (“MRO”) market and other related products and service categories for industrial businesses and institutions. Newbury Franklin Industrials is based in Newburyport, Massachusetts.

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Investor(S) 1

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 83 of 88
Sector (Manufacturing) 16 of 17
Type (Acquisition Financing) 3 of 3
State (Massachusetts) 5 of 6
Country (United States) 83 of 88
Year (2022) 7 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-09 Mid-West Textile

El Paso, Texas, United States

Mid-West Textile is a textile recycler, retailer, and grader that provides an array of clothing and housewares for international export, domestic wholesale, and thrift retail end-markets. Mid-West reduces post-consumer waste while creating new supply chains for organizations in the U.S. and around the world. Mid-West Textile is based in El Paso, Texas.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-08 Directional Services

Hope Mills, North Carolina, United States

Directional Services is a provider of specialized electrical utility and solar construction services to support to some of the nations leading contractors, private industry and public utilities. Directional Services was founded in 2005 and is based in Hope Mills, North Carolina.

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