AVON, CONNECTICUT – DECEMBER 16, 2024 – Ironwood Capital is pleased to announce the exit on its investment in Newbury Franklin Industrials (“NFI” or the “Company”) as a result of a refinancing of Ironwood’s senior subordinated debt investment. NFI is a value-added manufacturer and distributor of consumable industrial components for the North American maintenance, repair, and operations (“MRO”) and general industrial markets.  NFI is headquartered in Buffalo, NY, with additional locations across New Jersey, North Carolina, Indiana, Alabama, and Texas. 

“The NFI exit represents a successful investment within the business services and value-added distribution verticals for Ironwood,” stated Ironwood Capital Partner, Alex Levental. “Ironwood executed on a core tenet of our investment philosophy by growing our investment in NFI to help effectuate their growth initiatives. This was quantified by nearly doubling our initial investment during our holding period as the Company pursued add-on acquisitions, serving to expand NFI’s geographic, customer, and product reach. We are pleased with this outcome and wish the NFI team continued growth and success.” 

About Newbury Franklin Industrials

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 product and service categories for industrial businesses and institutions. For more information, please visit: newburyfranklin.com/industrials.

About Ironwood Capital

Over 20 Years of Middle Market Investing

Ironwood Capital provides non-control junior capital to middle market companies across the U.S. The firm has invested more than $1 billion in over 100 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 more information, please visit: ironwoodcap.com.

Media Contacts

Carolyn C. Galiette

Partner, President, CIO

galiette@ironwoodcap.com 



Kimberly A. Craig

Vice President

Operations, Compliance & Investor Relations

craig@ironwoodcap.com

For more information,

please visit: ironwoodcap.com