AVON, CONNECTICUT – MARCH 28, 2024 – Ironwood Capital is pleased to announce its subordinated debt and equity investments in Groome Industrial Holdings, LLC (“Groome”) to support the company’s acquisition of W-S Companies, Inc. (“W-S”). Founded in 1969 and headquartered in Denville, New Jersey, Groome provides specialty maintenance services and industrial cleaning services to customers in the natural gas-fired power generation, refinery, shipping and aviation industries. Groome’s turnkey services reduce harmful emissions, improve plant performance and extend the life of valuable industrial equipment. Based in Council Bluffs, Iowa, W-S is a provider of complementary industrial cleaning services, vacuum truck services, and mechanical services to customers in the power generation, food and beverage, pulp and paper, chemical and manufacturing industries. Together, Groome and W-S establish a diversified provider of industrial maintenance, cleaning, and service solutions to customers across the U.S. |
