Ironwood Capital Company ARS Recycling Systems Acquires Ernest Industries Inc.
Summary
Ernest Industries is a leading fabricator of short load concrete mixers (www.ernestindustries.com) and road stripping machines (www.kellycreswell.com) and has a diverse mix of customers including OEMs, contractors and municipalities. Founded in 1991, ARS is the preeminent designer and manufacturer of recycling machines and dust collectors in North America with a portfolio of various sized machines for applications across multiple markets. “ This acquisition will allow us to take our fabrication expertise in infrastructure and expand into additional markets via new customers. “ Additionally, the asset base of Ernest Industries will allow ARS to fabricate more subassemblies in-house, thereby improving lead time and mitigating price increases to our existing bridge, petrochemical tank and marine customers,” said Vucenovic. Ironwood’s investments support business owners and financial sponsors in growth financings, full and partial recapitalizations, generational transitions, and buyouts.