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.  

“Groome has established a strong reputation as a maintenance services provider through its responsiveness, efficient and proprietary products and processes, and safety track record,” stated Ironwood Capital Partner Jim Barra.  “The acquisition of W-S will allow the company to expand its service offering, asset fleet, end markets and geographic reach.”

About Groome Industrial Holdings, LLC

Groome is a provider of maintenance and cleaning services for several industries including natural gas-fired power generation, refinery, shipping, manufacturing and aviation. For more information, please visit: groomeindustrial.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