M&A Deal Summary

Ironwood Capital, Valley Ridge Investment Partners and Landon Capital Partners Acquire Alcom

On January 4, 2021, growth capital firm Ironwood Capital, private equity firm Valley Ridge Investment Partners and family office Landon Capital Partners acquired manufacturer Alcom from Hudson Ferry Capital

Acquisition Highlights
  • This is Ironwood Capital’s 12th, Valley Ridge Investment Partners’ 1st and Landon Capital Partners’ 2nd transaction in the Manufacturing sector.
  • This is Ironwood Capital’s 73rd, Valley Ridge Investment Partners’ 2nd and Landon Capital Partners’ 6th transaction in the United States.
  • This is Ironwood Capital’s 2nd, Valley Ridge Investment Partners’ 1st and Landon Capital Partners’ 1st transaction in Maine.

M&A Deal Summary

Date 2021-01-04
Target Alcom
Sector Manufacturing
Buyer(s) Ironwood Capital
Valley Ridge Investment Partners
Landon Capital Partners
Sellers(s) Hudson Ferry Capital
Deal Type Secondary Buyout

Target

Alcom

Winslow, Maine, United States
Alcom designs and manufactures specialty aluminum trailers that are sold primarily in the United States and Canada. Alcom produces highly featured aluminum trailers in hundreds of configurations based on customer requests. Its dealer network includes over 300 dealers. The company’s brand names include Mission Trailers, SnoPro/CargoPro, E-Z Hauler, and High Country. Alcom was founded in 2005 and is based in Winslow, Maine.

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Buyer(S) 3

Buyer

Ironwood Capital

Avon, Connecticut, United States

Investor Investor Investor Investor Investor


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 $10 to $40 million in companies generating $20 to $250 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 73 of 95
Sector (Manufacturing) 12 of 17
Type (Secondary Buyout) 9 of 9
State (Maine) 2 of 2
Country (United States) 73 of 95
Year (2021) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-11 Cox Transportation Services

Ashland, Virginia, United States

Cox Transportation Services provides freight hauling and brokerage services to customers in a diversified group of industries across the U.S. Cox Transportation Services specializes in transporting time-sensitive full truckload freight on a local, regional and national basis. Cox also operates a brokerage division that serves carriers and freight customers with logistics optimization services. Cox Transportation Services was founded in 1982 and is based in Ashland, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-11 Verdi Commerce

Garland, Texas, United States

Verdi Commerce is a fast-growing re-marketing company working with top tier brands to maximize their recovery rate on distressed, refurbished, or closeout merchandise by leveraging omnichannel, fully integrated strategies. Verdi Commerce was founded in 2012 and is headquartered in Garland, Texas.

Buy -
DESCRIPTION

Valley Ridge Investment Partners is a private equity firm focused on buyouts and growth capital investments in lower middle-market companies with at least $20 million of annual revenue. The Firm has preference for profitable companies with stable track records, differentiated products, and organic/inorganic growth opportunities. Sectors of interest include technology enabled manufacturing, industrials, business services, and value-added distribution. Valley Ridge Investment Partners was established in 2018 and is headquartered in New Canaan, Connecticut.


DEAL STATS #
Overall 2 of 3
Sector (Manufacturing) 1 of 2
Type (Secondary Buyout) 1 of 1
State (Maine) 1 of 1
Country (United States) 2 of 3
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-10 National Power

Raleigh, North Carolina, United States

National Power is a provider of highly engineered electrical applications and backup power for critical infrastructure within the telecom, wireless, and commercial infrastructure applications. National Power was founded in 1985 and is based in Raleigh, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-07 Keystone Foam

Derry, Pennsylvania, United States

Keystone Foam is a fabricator of various foam products and applications that serve the medical, packaging, furniture, and other industries. Keystone Foam was founded in 1983 and is based in Derry, Pennsylvania.

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 6 of 13
Sector (Manufacturing) 2 of 2
Type (Secondary Buyout) 2 of 3
State (Maine) 1 of 1
Country (United States) 6 of 12
Year (2021) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-01 ICON Electric Vehicles

Tampa, Florida, United States

ICON Electric Vehicles is a manufacturer of quality electric recreational low speed vehicles ("LSV") and commercial utility vehicles. ICON's street legal vehicles are marketed as safe, clean energy automotive alternatives for short distance traveling. ICON Electric Vehicles is based in Tampa, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-05 919 Marketing

Holly Springs, North Carolina, United States

919 Marketing Co. is a content marketing agency serving businesses, franchises, and individuals with high-powered digital marketing, public relations, social media, and strategic business services. 919 Marketing Co. was established in 1996 and is based in Holly Springs, North Carolina.

Buy -

Seller(S) 1

SELLER

Hudson Ferry Capital

Stamford, Connecticut, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2006
PE ASSETS 165M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Hudson Ferry Capital is a private equity firm that seeks control investments in established mid-sized US-based businesses with experienced management, high barriers to entry, and differentiated products/services. Hudson targets companies valued between $15 and $50 million with revenues up to $75 million and EBITDA of at least $3 million. Sectors of interest include niche manufacturing, building products, business services, and outsourcing. Hudson Ferry Capital was formed in 2006 and is based in New York City.


DEAL STATS #
Overall 6 of 7
Sector (Manufacturing) 2 of 2
Type (Secondary Buyout) 2 of 3
State (Maine) 1 of 1
Country (United States) 6 of 7
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-17 Meteor

Gainesville, Florida, United States

Meteor is a mission-focused company committed to accelerated engagement and transformed learning experiences for educators, students, and communities. The company has helped more than 1,000 K-12 school districts design and create high-impact prosocial learning environments that promote collaborative educational experiences. It focuses on integrating best practices for teaching and learning that successfully foster modern learning environments and increase student achievement. Meteor Education was founded in 1967 and is based in Gainesville, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-21 GWTT

Wharton, New Jersey, United States

GWTT designs manufacture installs, and operates water treatment, air treatment, and soil vapor extraction systems. The company serves customers in the environmental consulting, chemical, pharmaceutical, utility, general industrial, and oil & gas sectors. GWTT was founded in 1996 and is based in Wharton, New Jersey.

Sell -