IRONWOOD CAPITAL ANNOUNCES INVESTMENT

IN DIVERSE LOGISTICS

AVON, CT AND BOSTON, MA – FEBRUARY 23, 2026 - Ironwood Capital is pleased to announce its subordinated debt and equity investment to support the merger of Diverse Logistics (“Diverse”) and Pulse Final Mile (“Pulse”, and together with Diverse, the “Company”). Both Diverse and Pulse are non-asset-based logistics companies that broker final-mile home delivery services including white-glove delivery and installation of mattresses, appliances, furniture, and electronics.

The Diverse / Pulse platform is now among the larger independent, big & bulky, final-mile third-party logistics brokers in the United States. The Company provides logistics services through a network of over 850 third-party contract carrier delivery teams operating from 111 customer distribution centers. In addition, the Company operates a network of 15 warehousing and crossdocking facilities allowing for flexible logistics solutions to meet evolving customer needs. Diverse and Pulse Final Mile are portfolio companies of Argosy Private Equity (“Argosy”). 

About Diverse Logistics

Founded in 1998 and headquartered in Tampa, Florida, Diverse Logistics is a 3PL provider of final mile delivery and installation services for big-and-bulky items. The company’s non-asset logistics solution offers independent local delivery teams and a network of warehousing and cross-dock facilities. Diverse offers logistics services for everyday household goods such as appliances, electronics, furniture, mattresses, and fitness equipment. For further information, please visit: DiverseLogistics.com.

About Pulse Final Mile

Founded in 2021 and headquartered in Anaheim, California, Pulse Final Mile is a non-asset-based final-mile logistics broker, focused on the delivery and installation of large and bulky goods. With its network of independent carriers, the company offers white-glove delivery and installation services to retailers across the United States, with experience in appliance, furniture, mattresses, and electronics. For further information, please visit: PulseFinalMile.com.

About Ironwood Capital

Ironwood Capital provides non-control junior capital to middle market companies across the U.S. The firm has invested $1.5 billion in over 120 companies since 2001 and currently invests subordinated debt and minority equity in amounts ranging from $10 million to $50 million. Ironwood’s investments support business owners and financial sponsors in growth financings, recapitalizations, generational transitions, and buyouts. For further information, please visit: ironwoodcap.com.

Media Contacts

Carolyn C. Galiette

Partner, Chairman

galiette@ironwoodcap.com

Kimberly A. Craig

Vice President

Operations, Compliance & Investor Relations

craig@ironwoodcap.com



For further information, please visit: ironwoodcap.com