AVON, CONNECTICUT – AUGUST 14, 2024 – Ironwood Capital is pleased to announce its subordinated debt and minority equity investments in Standard Iron & Wire Works, LLC (“Standard Iron”) to support the company’s acquisition of Helgesen Industries, LLC (“Helgesen”). Standard Iron is an existing portfolio company of Owner Resource Group (“ORG”), which invested in the company in late 2021.

Founded in 1930, and headquartered in Monticello, Minnesota, Standard Iron is a heavy metal fabricator focusing on complex and heavy-duty parts and assemblies. Standard Iron serves a diverse array of OEM customers across the agriculture, power generation, construction, and HVAC end markets, among others.

Based in Hartford, Wisconsin, Helgesen is a manufacturer focused on engineered fluid conditioning tanks and complex fabrications and provides a broad range of products to OEM customers. The combined company will be a scaled provider of heavy metal fabricated parts serving a variety of OEM customers across a diverse range of end markets. 

“Standard Iron is a value-added partner with a deep understanding of their customer’s highly engineered products, which has enabled the company to develop long-term customer relationships across multiple industries. The acquisition will allow the company to further expand its capacity, capabilities, and geographic footprint and better serve both new and existing customers,” stated Ironwood Capital Partner Paul Witinski. “We are excited to partner with ORG and the management team to support the combined platform’s next phase of growth.” 

About Standard Iron & Wire Works, LLC

Operating out of five manufacturing facilities across North America, Standard Iron is a heavy metal manufacturer with a core focus on complex and heavy-duty parts and assemblies. For additional information, please visit: std-iron.com.

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 $40 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