M&A Deal Summary

Ironwood Capital Acquires Behold Washington

On May 31, 2018, growth capital firm Ironwood Capital acquired furniture company Behold Washington

Acquisition Highlights
  • This is Ironwood Capital’s 1st transaction in the Furniture sector.
  • This is Ironwood Capital’s 60th transaction in the United States.
  • This is Ironwood Capital’s 2nd transaction in Mississippi.

M&A Deal Summary
Date 2018-05-31
Target Behold Washington
Sector Furniture
Buyer(s) Ironwood Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Behold Washington

Pontotoc, Mississippi, United States
Behold Washington is a motion and stationary upholstered furniture manufacturer. Behold Washington was founded in 2018 and is based in Pontotoc, Mississippi.

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Buyer(S) 1

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 $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 60 of 87
Sector (Furniture) 1 of 2
Type (Buyout (LBO, MBO, MBI)) 22 of 26
State (Mississippi) 2 of 2
Country (United States) 60 of 87
Year (2018) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-08 Elite One Source Nutrisciences

Chino, California, United States

Elite One Source Nutrisciences is a contract manufacturer for nutritional and dietary supplements. The business draws on world class facilities across two locations and a deep and experienced team of formulators, chemists, natural product specialists, and particle engineers.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-12 Bush Industries

Jamestown, New York, United States

Bush Industries, Inc. is a manufacturer and distributor of high quality, affordably priced “ready to assemble” and fully assembled commercial and household office furniture. Bush Industries, Inc. has over 300 employees and is headquartered in Jamestown, New York with additional distribution facilities in Erie, Pennsylvania and Reno, Nevada.

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