Investment Summary

Ironwood Capital and Ancor Capital Partners Invest In Industrial Timber

On November 28, 2017, growth capital firm Ironwood Capital and private equity firm Ancor Capital Partners invested in forest products company Industrial Timber

Investment Highlights
  • This is Ironwood Capital’s 1st and Ancor Capital Partners’ 2nd transaction in the Forest Products sector.
  • This is Ironwood Capital’s 56th and Ancor Capital Partners’ 20th transaction in the United States.
  • This is Ironwood Capital’s 2nd and Ancor Capital Partners’ 1st transaction in North Carolina.

Investment Summary

Date 2017-11-28
Target Industrial Timber
Sector Forest Products
Investor(s) Ironwood Capital
Ancor Capital Partners
Deal Type Growth Capital

Target

Industrial Timber

Charlotte, North Carolina, United States
Industrial Timber is a designer and manufacturer of outsourced, ready-to-assemble just-in-time wooden frames for the upholstered furniture industry. The company works with furniture manufacturers to supply frames that help improve quality while making a positive impact on their bottom line. Industrial Timber was founded in 1999 and is based in Charlotte, North Carolina.

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Investor(S) 2

Investor

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 56 of 97
Sector: Forest Products M&A 1 of 1
Type: Growth Capital M&A Deals 11 of 31
State: North Carolina M&A 2 of 5
Country: United States M&A 56 of 97
Year: 2017 M&A 7 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-28 IsoPlexis

Branford, Connecticut, United States

IsoPlexis is a life sciences company developing a diagnostic platform that identifies a wide range of patient immune responses at the cellular level. Its platform can assess safety and efficacy of therapeutics and monitor disease progression, enabling improved therapeutic development and informing physician decisions. IsoPlexis was founded in 2013 and is based in Branford, Connecticut.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-29 Gemcity Engineering and Manufacturing

Dayton, Ohio, United States

Gemcity Engineering and Manufacturing is a contract and specialized equipment manufacturer of highly engineered products serving the defense, healthcare, semiconductor, and industrial machinery markets. Gemcity Engineering and Manufacturing is based in Dayton, Ohio.

Buy -
Investor

Ancor Capital Partners

Southlake, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
Size Small
Type Sector Agnostic
DESCRIPTION

Ancor Capital Partners is a private equity firm focused on recapitalizations of lower middle-market companies operating in the manufacturing, distribution, and healthcare sectors. Prospective businesses are generally valued between $25 and $150 million and are profitable with EBITDA of $5 to $15 million. The Firm prefers businesses located in the US. Ancor will does not invest in start-ups, turnarounds, or businesses in real estate, or energy exploration. Ancor Capital Partners was formed in 1994 and is based in Southlake, Texas.


DEAL STATS #
Overall 20 of 27
Sector: Forest Products M&A 2 of 2
Type: Growth Capital M&A Deals 3 of 7
State: North Carolina M&A 1 of 1
Country: United States M&A 20 of 27
Year: 2017 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-27 WellSpring Consumer Healthcare

Sarasota, Florida, United States

WellSpring Consumer Healthcare is a marketer of over-the-counter and cosmetic brands in the skincare, feminine hygiene, and gastrointestinal care categories. WellSpring’s portfolio includes Bactine, Bonine, FDS, Emetrol, Micatin, Gelusil, Glaxal Base, Barriere, and K-Lyte. WellSpring Consumer Healthcare was founded in 1999 and is based in Sarasota, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-10 STATinMED Research

Dallas, Texas, United States

STATinMED Research is an operator of health care consultant company in the health economics and outcomes research (HEOR) discipline that provides research, consulting and targeted communications to global pharmaceutical, biotechnology, and health information companies. STATinMED Research was founded in 2007 and is based in Dallas, Texas.

Buy -