Investment Summary

Ironwood Capital Invests In Tracked Lifts

On November 30, 2021, growth capital firm Ironwood Capital invested in distribution company Tracked Lifts

Investment Highlights
  • This is Ironwood Capital’s 1st transaction in the Distribution sector.
  • This is Ironwood Capital’s 77th transaction in the United States.
  • This is Ironwood Capital’s 4th transaction in Pennsylvania.

Investment Summary
Date 2021-11-30
Target Tracked Lifts
Sector Distribution
Investor(s) Ironwood Capital
Deal Type Growth Capital

Target

Tracked Lifts

York, Pennsylvania, United States
Tracked Lifts is a distributor and supplier of Platform Basket and Omme Lift tracked multi-terrain man lifts. Tracked Lifts was founded in 2007 and is based in York, Pennsylvania.

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Investor(S) 1

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 77 of 95
Sector (Distribution) 1 of 1
Type (Growth Capital) 19 of 31
State (Pennsylvania) 4 of 6
Country (United States) 77 of 95
Year (2021) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-29 Momentum Manufacturing Group

Georgetown, Massachusetts, United States

Momentum Manufacturing Group provides metal fabrication, machining, powder coating, and assembly operation in New England and serves as a contract manufacturer to a range of consumer and industrial customers. Operations include fabrication and machining with a broad array of process technologies serving diverse end markets. Momentum Manufacturing Group was founded in 1982 and is based in Georgetown, Massachusetts.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-07 TRM

Milwaukee, Wisconsin, United States

TRM is a manufacturer of proprietary and custom injection molding products serving the industrial lead battery, automotive, and consumer markets. TRM was founded in 1977 and is based in Milwaukee, Wisconsin.

Sell -
Mergr

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