M&A Deal Summary

Ironwood Capital Acquires John To Go

On November 1, 2023, growth capital firm Ironwood Capital acquired business services company John To Go

Acquisition Highlights
  • This is Ironwood Capital’s 7th transaction in the Business Services sector.
  • This is Ironwood Capital’s 93rd transaction in the United States.
  • This is Ironwood Capital’s 4th transaction in New Jersey.

M&A Deal Summary

Date 2023-11-01
Target John To Go
Sector Business Services
Buyer(s) Ironwood Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

John To Go

Ringwood, New Jersey, United States
John To Go provides portable toilet and restroom trailer rentals and services to customers across a variety of end markets throughout the Tri-State and southern Florida regions. John To Go was founded in 2004 and is based in Ringwood, New Jersey.

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Buyer(S) 1

Buyer

Ironwood Capital

Avon, Connecticut, United States

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 93 of 95
Sector: Business Services M&A 7 of 8
Type: Buyout (LBO, MBO, MBI) M&A Deals 28 of 28
State: New Jersey M&A 4 of 4
Country: United States M&A 93 of 95
Year: 2023 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-02 Professional Rental Tools

Houston, Texas, United States

Professional Rental Tools is a provider of stabilization and support equipment for oil and gas companies in the deep-water Gulf of Mexico. Professional Rental Tools is based in Houston, Texas.

Sell $62M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-12 Oak Ridge Waste & Recycling

Danbury, Connecticut, United States

Oak Ridge Waste & Recycling is a provider of solid waste collection, transportation, and disposal services for residential and commercial customers in the Northeast. Oak Ridge Waste & Recycling is based in Danbury, Connecticut.

Sell -