M&A Deal Summary

The Firmament Group and Ironwood Capital Acquire Denali Water

On October 31, 2014, family office The Firmament Group and growth capital firm Ironwood Capital acquired environmental company Denali Water from Saw Mill Capital

Acquisition Highlights
  • This is The Firmament Group’s 1st and Ironwood Capital’s 5th transaction in the Environmental sector.
  • This is The Firmament Group’s 1st and Ironwood Capital’s 43rd transaction in the United States.
  • This is The Firmament Group’s 1st and Ironwood Capital’s 1st transaction in Arkansas.
Investment Fate
  • Denali Water was sold to a consortium of financial buyers in 2020.

M&A Deal Summary
Date 2014-10-31
Target Denali Water
Sector Environmental
Buyer(s) The Firmament Group
Ironwood Capital
Sellers(s) Saw Mill Capital
Deal Type Secondary Buyout

Target

Denali Water

Russellville, Arkansas, United States
website
Denali Water is a specialty waste and environmental services company. Denali Water is based in Russellville, Arkansas.

Search 195,563 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 2

Buyer

The Firmament Group

Investor Investor Investor Investor Investor

website

Category Family Office
Founded 2012
Size Small
Type Sector Agnostic
DESCRIPTION

The Firmament Group is a family backed investment firm focused on providing equity and debt capital to small and medium-sized companies. Funds are generally used to finance leveraged buyouts, complete recapitalizations or restructurings, provide liquidity for organic growth, or finance add-on acquisitions. The Firmament Group was established in 2012 and is headquartered in New York City.

DEAL STATS #
Overall 1 of 15
Sector (Environmental) 1 of 2
Type (Secondary Buyout) 1 of 1
State (Arkansas) 1 of 2
Country (United States) 1 of 15
Year (2014) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-24 Logistyx

Rolling Meadows, Illinois, United States

Logistyx provides transportation execution systems and multi-carrier shipping software solutions. The Company expands delivery options and provides business intelligence to improve the delivery experience and drive loyalty through customer satisfaction. Logistyx was formed in 2017 and is based in Schaumburg, Illinois.

Buy -
Buyer

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 43 of 87
Sector (Environmental) 5 of 11
Type (Secondary Buyout) 3 of 10
State (Arkansas) 1 of 2
Country (United States) 43 of 87
Year (2014) 7 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-15 Pharmaceutic Litho & Label

Simi Valley, California, United States

Pharmaceutic Litho & Label is a provider in the specialty printing industry exclusively serving the pharmaceutical, biotech, and medical device segments. Pharmaceutic Litho & Label was founded in 1964 and is based in Simi Valley, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-03 American Blanching

Fitzgerald, Georgia, United States

ABC Peanut Butter LLC is a manufacturer of peanut butter for national brands, private label retail and industrial markets and provides peanut blanching, granulation and roasting services for the commercial peanut industry.

Sell $128M

Seller(S) 1

SELLER

Saw Mill Capital

Briarcliff Manor, New York, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1997
PE ASSETS 610M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Saw Mill Capital is a private equity firm focused on middle-market company acquisitions valued up to $200 million. Saw Mill prefers businesses with defensible market positions, solid growth prospects, and historical cash-flow. Sectors of interest include manufacturing, specialty distribution, and service. Saw Mill looks to commit between $15 and $75 million per transaction in companies with at least $3 million of EBITDA. Saw Mill will not invest in retail, healthcare services, media/telecom, information technology, financial services, personnel based services, apparel or businesses driven by fad or fashion. Saw Mill Capital was formed in 1997 and is based in Briarcliff Manor, New York.

DEAL STATS #
Overall 8 of 15
Sector (Environmental) 2 of 3
Type (Secondary Buyout) 5 of 9
State (Arkansas) 2 of 2
Country (United States) 7 of 14
Year (2014) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-27 Identity Group

Nashville, Tennessee, United States

Identity Group is a manufacturer of custom identity products engineered to communicate a brand, message, location, or creative theme. Identity Group is best known for manufacturing and marketing customized interior signs and wayfinding products for large-scale construction and renovation projects. Identity Group was founded in 1957 and is based in Nashville, Tennessee.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-27 Wolf-Gordon

New York, New York, United States

Wolf-Gordon is a designer, marketer, and distributor of wallcoverings and upholstery for the commercial market. Wolf-Gordon was established in 1967 and is based in New York City.

Buy -
Mergr

Product

Company

Legal