Ironwood Capital has made an investment in Jamestown, New York-based Bush Industries, a maker of “ready to assemble” and fully assembled commercial and home office furniture. No financial terms were disclosed.
AVON, CONNECTICUT, June 12, 2018 – Ironwood Capital is pleased to announce a subordinated debt and minority equity investment in Bush Industries, headquartered in Jamestown, New York. Funding was provided by Ironwood Mezzanine Fund IV LP and its affiliated funds. Bush Industries is a leading manufacturer and distributor of high quality, affordably priced “ready to assemble” and fully assembled commercial and home office furniture.
“Bush’s product offerings, manufacturing process and delivery capabilities appeal to both traditional and on-line retailers,” stated Ironwood Capital president and chief investment officer Carolyn Galiette.
“Bush Industries has a strong competitive advantage given its breadth of product offerings and significant distribution capabilities. The company’s excellent platform and seasoned management team make it especially well-positioned to capture significant growth in the rapidly expanding e-commerce channel,” stated Alex Levental, managing director, Ironwood Capital.