Ironwood Capital has made an investment in Arizona-based American Residuals Group, an environmental services company. No financial terms were disclosed.
AVON, CONNECTICUT, June 27, 2018 – Ironwood Capital is pleased to announce a subordinated debt and minority equity investment in American Residuals Group, LLC (“ARG”), an Arkansas-based environmental services company. Funding was provided by Ironwood Mezzanine Fund IV LP and its affiliated funds.
Ironwood Capital President and Chief Investment Officer Carolyn Galiette stated, “ARG is one of the largest wastewater collection and disposal companies in the country. The investment thesis is to continue to grow organically into new geographies and explore additional acquisitions.”
“ARG has a proven track record of providing quality services to the municipal and industrial food processing market and we’re excited to partner with the ARG team for continued growth,” stated Dickson Suit, managing director, Ironwood Capital.
About Ironwood Capital
Ironwood Capital is a Connecticut-based private equity firm that provides non-control growth capital to middle market companies, investing more than $750 million in over 130 companies over the past 17 years. Ironwood invests in the form of subordinated debt and preferred stock in amounts ranging from $5 million to $20 million to support business owners and financial sponsors in growth financings, full and partial recapitalizations, generational transitions and buyouts. For more information, please visit www.ironwoodcap.com.