Investment Summary

Ironwood Capital and Ancor Capital Partners Invest In Mid-West Textile

On May 9, 2022, growth capital firm Ironwood Capital and private equity firm Ancor Capital Partners invested in apparel/textiles company Mid-West Textile

Investment Highlights
  • This is Ironwood Capital’s 3rd and Ancor Capital Partners’ 1st transaction in the Apparel/Textiles sector.
  • This is Ironwood Capital’s 83rd and Ancor Capital Partners’ 24th transaction in the United States.
  • This is Ironwood Capital’s 8th and Ancor Capital Partners’ 7th transaction in Texas.

Investment Summary

Date 2022-05-09
Target Mid-West Textile
Sector Apparel/Textiles
Investor(s) Ironwood Capital
Ancor Capital Partners
Deal Type Growth Capital

Target

Mid-West Textile

El Paso, Texas, United States
Mid-West Textile is a textile recycler, retailer, and grader that provides an array of clothing and housewares for international export, domestic wholesale, and thrift retail end-markets. Mid-West reduces post-consumer waste while creating new supply chains for organizations in the U.S. and around the world. Mid-West Textile is based in El Paso, Texas.

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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 83 of 97
Sector: Apparel/Textiles M&A 3 of 3
Type: Growth Capital M&A Deals 23 of 31
State: Texas M&A 8 of 8
Country: United States M&A 83 of 97
Year: 2022 M&A 6 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-03 ICM Controls

Syracuse, New York, United States

ICM Controls is a domestic manufacturer of custom electronic control solutions distributed throughout the world. ICM’s vertically integrated manufacturing model provides partners with options efficiently from concept to prototype to production, without compromise in quality. ICM Controls is based in Syracuse, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-17 Newbury Franklin Industrials

Newburyport, Massachusetts, United States

Newbury Franklin Industrials is a value-added manufacturer and supplier of consumable industrial components for the North American maintenance, repair, and operations (“MRO”) market and other related products and service categories for industrial businesses and institutions. Newbury Franklin Industrials is based in Newburyport, Massachusetts.

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 24 of 27
Sector: Apparel/Textiles M&A 1 of 1
Type: Growth Capital M&A Deals 4 of 7
State: Texas M&A 7 of 8
Country: United States M&A 24 of 27
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-01 DuvaSawko

Ormond Beach, Florida, United States

DuvaSawko is an operator of boutique emergency-physician owned and operated revenue-cycle and practice IT management company predominantly serving emergency physician groups and hospital-based emergency departments. DuvaSawko was founded in 1998 and is based in Ormond Beach, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-28 Transhield

Elkhart, Indiana, United States

Transhield designs and manufactures highly engineered environmental protective and corrosion-inhibiting covers that protect boats, vehicles, military equipment, and equipment during storage and transportation. Transhield was founded in 1994 and is based in Elkhart, Indiana.

Sell -