Ironwood Capital invests in Arkansas wastewater company

Ironwood Capital, a private equity firm that provides noncontrol growth capital to middle market companies headquartered in Avon, Connecticut, has announced 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.

"ARG is one of the largest wastewater collection and disposal companies in the country,” Carolyn Galiette, Ironwood president and chief investment officer, says. “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,” Dickson Suit, managing director for Ironwood, says.