Ironwood Capital

Ironwood Capital is a private equity and venture capital firm based in Avon, Connecticut, specializing in providing non-control growth capital to middle-market businesses across North America. The firm targets investments in the form of subordinated debt and preferred stock, typically ranging from $2 million to $25 million, focusing on companies with annual revenues between $20 million and $200 million and EBITDA of $3 million to $15 million. It invests across a variety of sectors including healthcare, consumer products, information technology, and manufacturing, with a preference for businesses located east of the Mississippi River. Ironwood Capital emphasizes supporting companies in growth financings, recapitalizations, and generational transitions while maintaining a non-controlling stake. The firm also has a particular interest in businesses in low- to moderate-income areas and those that are women or minority-owned. Founded in 1985, Ironwood Capital aims to exit its investments within three to five years and operates additional offices in Boston, Massachusetts, and Birmingham, Alabama.

James R. Barra

Partner

Jim Barra

Partner

Michael Benson

Director

Kimberly Craig

Vice President, Operations

Jaqueline Jutras

Associate

Tyler Klenk

Associate

Zachary Leach

Senior Associate

Alex Levental

Partner

Zachary Luce

CFO and Partner

Zach Luce

Partner, CFO

Mauna McCarthy

Associate

Patrick Patrell

Associate

Marc Reich

Founding Partner and Chairman

Susan Sweeney

Senior Managing Director

Paul Witinski

Managing Director

30 past transactions

Torigen Pharmaceuticals

Venture Round in 2022
Torigen Pharmaceuticals is dedicated to advancing immuno-oncology solutions for companion animals facing cancer. The company develops innovative immunotherapy treatments, notably an experimental autologous cancer vaccine that activates the immune system to target specific tumor-associated antigens. This approach allows for the detection and treatment of cancer without relying on invasive surgeries or chemotherapy, thereby improving the quality of care for animals. By leveraging years of scientific research, Torigen Pharmaceuticals aims to provide effective and less painful options for veterinary oncology, positioning itself at the forefront of cancer treatment for pets.

P2 Science

Series C in 2020
P2 Science, Inc. is a bio-renewable chemistry company based in Woodbridge, Connecticut, specializing in the development and production of specialty chemicals derived from renewable feedstocks, such as vegetable oils. Founded in 2009 by a team that includes Yale scientists and an experienced chemical industry executive, the company focuses on creating high-value ingredients for flavors, fragrances, cosmetics, and other applications. P2 Science aims to provide sustainable alternatives to traditional petrochemical products, catering to diverse markets, including personal care, household cleaning, agriculture, and environmental remediation. Their innovative technology enables the conversion of renewable resources into cost-effective chemical solutions, addressing the increasing demand for greener options among major users in the specialty chemicals sector. The company also maintains a laboratory in New Haven, Connecticut, to support ongoing research and partnerships throughout the supply chain.

IsoPlexis

Series C in 2020
IsoPlexis Corp is a life sciences company based in Branford, Connecticut, that specializes in developing a diagnostic platform designed to measure cellular immune responses in patients. Founded in 2013, the company's technology focuses on single-cell detection, allowing for the identification of diverse immune responses at the individual cell level. This platform plays a crucial role in assessing the safety and efficacy of therapeutics, as well as monitoring disease progression. By providing detailed insights into immune responses, IsoPlexis aims to enhance therapeutic development and inform clinical decision-making for healthcare professionals.

PayVeris

Series D in 2019
Payveris, LLC operates a cloud-based digital payment and money transfer platform designed for financial institutions and their partners. The platform facilitates consumer and business bill payments, person-to-person (P2P) transactions, and account-to-account transfers between various financial institutions. It offers services such as an integrated fraud prevention solution called PayWatch, which monitors transactions for potential fraud, and PayItNow, which connects financial institutions, merchants, and consumers within the payments ecosystem. Founded in 2011 and based in Cromwell, Connecticut, Payveris aims to enhance digital money movement capabilities while reducing operational costs and improving user experience. The company has established strategic partnerships with Kony, Inc. and Corelation to expand its offerings and reach.

IsoPlexis

Series C in 2019
IsoPlexis Corp is a life sciences company based in Branford, Connecticut, that specializes in developing a diagnostic platform designed to measure cellular immune responses in patients. Founded in 2013, the company's technology focuses on single-cell detection, allowing for the identification of diverse immune responses at the individual cell level. This platform plays a crucial role in assessing the safety and efficacy of therapeutics, as well as monitoring disease progression. By providing detailed insights into immune responses, IsoPlexis aims to enhance therapeutic development and inform clinical decision-making for healthcare professionals.

American Roller Company

Private Equity Round in 2019
American Roller Company, LLC is a manufacturer that specializes in designing and producing industrial rollers and specialty coatings. Established in 1938 and located in Union Grove, Wisconsin, the company offers a diverse range of products, including rubber, urethane, ceramic, and heated rollers, as well as elastomeric and composite coverings. Their solutions cater to various applications such as bag making, coating, laminating, and printing. American Roller Company serves multiple industries, including packaging, textiles, pulp and paper, and commercial printing, both in the United States and internationally. In addition to manufacturing, the company provides repair and consulting services tailored to meet the specific needs of its clients.

Capewell Aerial Systems

Private Equity Round in 2018
Capewell Aerial Systems LLC is a manufacturer of engineered products focused on aerial delivery, life support, and tactical gear for military, law enforcement, and humanitarian organizations globally. Founded in 1881 and based in South Windsor, Connecticut, with an additional office in Virginia, the company specializes in designing and producing a range of products including parachute hardware, survival vests, flotation devices, and tactical vests. Capewell also offers emergency descent devices for aircraft crew safety, canine tactical gear for military and law enforcement dogs, and precision timing devices for various applications. The company is known for its ability to conceive, engineer, prototype, manufacture, and field test products that perform reliably in critical situations, catering to the needs of agencies such as the U.S. Coast Guard, National Guard, and airborne law enforcement. Capewell Aerial Systems operates as a subsidiary of Capewell Components Company, LLC.

American Residuals Group

Private Equity Round in 2018
American Residuals Group is an Arizona-based environmental services company.

Bush Industries

Private Equity Round in 2018
Bush Industries, Inc. is a manufacturer specializing in the design and production of case goods and ready-to-assemble furniture for both office and home environments. Founded in 1959 and based in Jamestown, New York, the company offers a diverse range of products including tables, entertainment centers, storage solutions, and commercial-grade workplace furniture suitable for small and mid-sized businesses. Bush Industries markets its products through a variety of channels, including furniture retailers, department stores, mass merchandisers, and online platforms, both domestically and internationally. The company operates manufacturing facilities in Western New York and China, along with distribution centers in Erie, Pennsylvania, and Reno, Nevada. In January 2020, Bush Industries was acquired by Bestar Inc.

IsoPlexis

Series B in 2017
IsoPlexis Corp is a life sciences company based in Branford, Connecticut, that specializes in developing a diagnostic platform designed to measure cellular immune responses in patients. Founded in 2013, the company's technology focuses on single-cell detection, allowing for the identification of diverse immune responses at the individual cell level. This platform plays a crucial role in assessing the safety and efficacy of therapeutics, as well as monitoring disease progression. By providing detailed insights into immune responses, IsoPlexis aims to enhance therapeutic development and inform clinical decision-making for healthcare professionals.

P2 Science

Series B in 2017
P2 Science, Inc. is a bio-renewable chemistry company based in Woodbridge, Connecticut, specializing in the development and production of specialty chemicals derived from renewable feedstocks, such as vegetable oils. Founded in 2009 by a team that includes Yale scientists and an experienced chemical industry executive, the company focuses on creating high-value ingredients for flavors, fragrances, cosmetics, and other applications. P2 Science aims to provide sustainable alternatives to traditional petrochemical products, catering to diverse markets, including personal care, household cleaning, agriculture, and environmental remediation. Their innovative technology enables the conversion of renewable resources into cost-effective chemical solutions, addressing the increasing demand for greener options among major users in the specialty chemicals sector. The company also maintains a laboratory in New Haven, Connecticut, to support ongoing research and partnerships throughout the supply chain.

My Alarm Center

Venture Round in 2016
My Alarm Center offers home and business security, cellular monitoring, home automation, surveillance, fire protection, and personal emergency response systems. My Alarm Center is headquartered in the Philadelphia suburbs with a regional office in Seattle, and operates security companies in Atlanta, Dallas/Fort Worth, Long Island/The Hamptons, and San Antonio.

Hobbs Bonded Fibers

Venture Round in 2015
Hobbs Bonded Fibers, Inc. is a manufacturer based in Waco, Texas, specializing in the development of nonwoven products for automotive, industrial, and consumer markets. Founded in 1953, the company offers a diverse range of products, including acoustic insulation, composite felts, and thermal nonwovens for automotive applications, as well as medical facemasks and personal protective equipment for healthcare. Hobbs Bonded Fibers also produces military-grade materials, environmental cleanup solutions, construction products, and filtration systems. They meet stringent quality standards and provide custom solutions tailored to client specifications, fostering strong partnerships and supporting innovation in their product offerings. The company is ISO certified, ensuring a tightly controlled manufacturing environment. Through its commitment to quality and technical support, Hobbs Bonded Fibers has experienced significant growth and remains a trusted partner in the nonwoven solutions industry.

Gold Medal Service

Private Equity Round in 2015
Gold Medal Service is a home services provider based in East Brunswick, New Jersey, specializing in plumbing, heating, electrical, and waterproofing solutions. The company offers a comprehensive range of services, including drain and sewer assistance, ensuring that customers have access to essential home maintenance and repair options. By focusing on various aspects of home care, Gold Medal Service aims to address the diverse needs of homeowners, enhancing comfort and safety within their residences.

Pharmaceutic Litho & Label

Private Equity Round in 2014
Pharmaceutic Litho & Label Company, Inc. is a leading provider of printing solutions for the pharmaceutical, biotechnology, and medical device industries. Established in 1964 and headquartered in Simi Valley, California, the company specializes in the production of labels, booklets, inserts, outserts, and manuals that comply with regulatory standards set by the Food and Drug Administration. With over 25,000 square feet dedicated to pharmaceutical label printing, Pharmaceutic Litho is recognized for its commitment to quality and consistency, operating under Current Good Manufacturing Practices. The company continues to expand its secondary packaging services, aiming to enhance its reputation as a standard for excellence in the pharmaceutical printing sector.

Flow Dry Technology

Private Equity Round in 2014
Flow Dry Technology, Inc. specializes in the manufacture and sale of engineered adsorbent solutions and gaskets for various industries, including automotive, pharmaceutical, electronics, and general industrial applications. The company offers a diverse range of products, including silica gel desiccant packets designed to control moisture and odors, various types of gaskets such as automotive and rubber-coated metal gaskets, as well as industrial-grade desiccant bags and cartridge solutions for air conditioning systems. Flow Dry Technology also provides customized moisture management solutions, which include integrated filters and plugs to protect products from moisture and gas. Founded in 1946 and headquartered in Brookville, Ohio, the company operates manufacturing and sales facilities in Hungary and China. It distributes its products through a network of representatives and is a subsidiary of Filtration Group Corporation.

Red River Waste Solutions

Private Equity Round in 2014
Red River Waste Solutions provides waste and recycling collection services. The Company offers curbside residential service, commercial waste management, industrial waste collection and landfill management services.

Precipio

Series B in 2013
Precipio is a cancer diagnostics reference laboratory, delivering the latest in advanced diagnostics and personalized medicine. Our goal is to assist oncologists in providing the best care for their patients. At the intersection of academia, cancer research, and diagnostics, we connect physicians with world-renown pathologists at the Yale School of Medicine. At Precipio, our customers and their patients benefit from the most accurate, expert diagnosis.

PayVeris

Venture Round in 2013
Payveris, LLC operates a cloud-based digital payment and money transfer platform designed for financial institutions and their partners. The platform facilitates consumer and business bill payments, person-to-person (P2P) transactions, and account-to-account transfers between various financial institutions. It offers services such as an integrated fraud prevention solution called PayWatch, which monitors transactions for potential fraud, and PayItNow, which connects financial institutions, merchants, and consumers within the payments ecosystem. Founded in 2011 and based in Cromwell, Connecticut, Payveris aims to enhance digital money movement capabilities while reducing operational costs and improving user experience. The company has established strategic partnerships with Kony, Inc. and Corelation to expand its offerings and reach.

Skystream Markets

Series A in 2012
Skystream Markets Inc. operates as an institutional transaction platform for the environmental markets in the United States and internationally. Its platform offers automation in the trade cycle, including execution, trade capture, processing, and reporting. The company also acts as a neutral intermediary for market participants in the environmental markets; provides client support, which includes structuring customized physical and financial hedging strategies in the spot, option, and forward markets; and builds auctions and electronic markets for the primary and secondary markets in renewable energy certificate (REC) markets. In addition, Skystream Markets offers transaction services in REC markets. Further, the company operates a trading platform that connects pools of capital with renewable power projects through an electronic process. It serves power producers and major trading counterparties. Skystream Markets was founded in 2009 and is based in New York, New York with a sales office in Boston, Massachusetts.

LiveClips

Venture Round in 2012
LiveClips is an innovator and leader in the development and delivery of video content from live sporting events to any Internet-enabled device. LiveClips is a game-changer. Its advanced technology automates the previously time- and labor-intensive processes of creating game clips and highlights, enabling broadcasters and rights holders to dramatically increase the efficiency of their sports coverage. LiveClips is also pioneering a new era of mobile engagement by creating instant in-game clips that users can filter by team, player and kind of play.

The Green Life Guides

Private Equity Round in 2011
The Green Life Guides, LLC operates an online site for wedding ideas, products, and services. Its products and services include business cards, live events, food and flowers, and service directory for vendors; products and gifts for weddings, bar mitzvahs, and holidays; living room furniture; table linens and flatware; appliances and electronics, baking, cleaning supplies, cookware, and cutting boards; baskets, rugs, candles and candle holders, centerpieces, curtains, and hardware; organization and storage products; blankets, quilts, duvets, sheets, mattresses, pillows, and accents; towels, bathroom accessories, rugs and mats, shower curtains, and personal care and beauty products; garden accessories, composters, and plants and seeds; and dog and cat supplies. The company was founded in 2007 and is based in New Haven, Connecticut.

NovaTract Surgical

Seed Round in 2011
NovaTract Surgical, Inc. is a medical device company focused on enhancing minimally invasive surgical practices. Founded in 2010 and based in Connecticut, the company develops innovative solutions such as NovaGrasp, a single-use laparoscopic grasper for tissue and organ retraction, and NovaTract, a dynamic retractor for various minimally invasive surgeries, including colorectal, urologic, gynecologic, and robotic-assisted procedures. NovaTract Surgical aims to address the growing fields of single-incision laparoscopic surgery and natural orifice transluminal endoscopic surgery, providing advanced tools to improve surgical outcomes for healthcare institutions and surgeons.

Floop

Seed Round in 2011
Floop, Inc. operates as a mobile application that offers real time graphical interface. The company was incorporated in 2010 and is based in Woodbridge, Connecticut.

ISIS for Women

Seed Round in 2007
Isis for Women specializes in the design and manufacture of sports and casual apparel tailored specifically for women. The company focuses on creating clothing that not only fits well but also enhances confidence and supports an active lifestyle. Their apparel combines distinctive feminine fashion with advanced technical features, ensuring that women can enjoy both performance and style. The garments are designed for easy care and comfort, appealing to retail and online shoppers who seek functional yet fashionable clothing. By prioritizing the needs of real women, Isis for Women aims to provide apparel that aligns with their lifestyles and preferences.

Atlantis Components

Series D in 2007
Atlantis Components specializes in the design and manufacturing of titanium abutments for dental implants. The company has developed a software system called the Virtual Abutment Design (VAD) system, which enables technicians to create abutments with unprecedented precision and certainty in the field of implant dentistry. Atlantis Components' designs are informed by extensive dental research and clinical input, allowing dentists to effectively restore implants using crown-and-bridge techniques. The consistent application of the VAD system ensures high-quality outcomes for both single and multiple unit cases, positioning Atlantis Components as a leader in dental implant solutions.

FitLinxx

Venture Round in 2006
FitLinxx, Inc. specializes in wireless activity and health devices, software, and integrated data services aimed at promoting active and healthy lifestyles. The company offers a range of products, including the FitLinxx AmpStrip, a waterproof heart rate and activity tracker, and The Pebble+, an all-day activity monitor. Additionally, it provides a suite of services such as the Active Gateway API, wireless devices for weight and blood pressure monitoring, and FitLinxx SyncPoints for automatic data transmission. FitLinxx also features a fitness tracking website and mobile-friendly applications that facilitate workout tracking and communication between users and facility staff. Their products are utilized by healthcare professionals, insurers, employers, and individuals globally to enhance wellness programs, improve workforce health, and guide patients toward better health outcomes. Founded in 1993 and headquartered in Shelton, Connecticut, FitLinxx was previously known as Integrated Fitness Corporation until it rebranded in 1999.

EAInvest

Series A in 2001
EAInvest is an online financial services company that will offer brokerage, financial planning and practice management tools for the independent investment advisor.
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