Investment Summary

Ironwood Capital and Advantage Capital Partners Invest In Pith Products

On March 10, 2022, growth capital firms Ironwood Capital and Advantage Capital Partners invested in manufacturer Pith Products

Investment Highlights
  • This is Ironwood Capital’s 14th and Advantage Capital Partners’ 13th transaction in the Manufacturing sector.
  • This is Ironwood Capital’s 80th and Advantage Capital Partners’ 264th transaction in the United States.
  • This is Ironwood Capital’s 20th and Advantage Capital Partners’ 22nd transaction in Connecticut.

Investment Summary

Date 2022-03-10
Target Pith Products
Sector Manufacturing
Investor(s) Ironwood Capital
Advantage Capital Partners
Deal Type Growth Capital

Target

Pith Products

Ashford, Connecticut, United States
Pith Products is a designer and manufacturer of tool storage solutions primarily for the aerospace industry and precision tool markets. Pith Products was founded in 1991 and based in Ashford, Connecticut.

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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 80 of 95
Sector (Manufacturing) 14 of 17
Type (Growth Capital) 22 of 31
State (Connecticut) 20 of 20
Country (United States) 80 of 95
Year (2022) 3 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-08 The Facilities Group

Tampa, Florida, United States

The Facilities Group is a portfolio of commercial facilities maintenance companies focused on providing quality services and valuable client relationships. Together, The Facilities Group companies service more than 18,000 locations across a variety of industries including healthcare, education, logistics, finance, commercial, and industrial facilities. The Facilities Group is based in Tampa, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-25 Hickory

Granite Falls, North Carolina, United States

Hickory comprised of Sheds Direct and Homestead Buildings, is a vertically integrated producer, value-added distributor and retailer of outdoor storage buildings predominately serving North Carolina, Virginia, West Virginia, and Ohio as well as Indiana, Pennsylvania, Michigan, and New York through an exclusive network of 70+ dealers. Hickory is based in Granite Falls, North Carolina.

Buy -
Investor

Advantage Capital Partners

New Orleans, Louisiana, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1992
PE ASSETS 2.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Advantage Capital Partners is a private equity firm focused on providing growth capital to a variety of companies. The Firm's geographic coverage includes Alabama, Colorado, Florida, Hawaii, Louisiana, Mississippi, Missouri, New York, Texas, Wisconsin and Washington DC. Advantage looks to initially commit $0.5 to $2 million per investment and can provide mezzanine debt in addition to equity capital. Areas of interest include communications, information technology, life science, and energy. Advantage Capital was formed in 1992 and is headquartered in New Orleans, Louisiana.


DEAL STATS #
Overall 266 of 272
Sector (Manufacturing) 13 of 14
Type (Growth Capital) 75 of 78
State (Connecticut) 22 of 24
Country (United States) 264 of 270
Year (2022) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-04 Struxure Outdoor

Dahlonega, Georgia, United States

Struxure Outdoor is a designer and manufacturer of high quality and innovative aluminum pergolas and cabanas. Struxure Outdoor was founded in 2011 and is based in Dahlonega, Georgia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-26 FIAT

Somerset, Kentucky, United States

FIAT is a manufacturer of terrazzo mop basins, shower floors, and laundry tubs for commercial, institutional, and residential markets. FIAT was founded in 1919 and is based in Somerset, Kentucky.

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