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AVON, CONNECTICUT – DECEMBER 18, 2023 – Ironwood Capital is pleased to announce that its portfolio company, Le Sueur, Inc. (“LSI”), has acquired Craft Pattern and Mold (“Craft”). The Craft acquisition was supported by subordinated debt and equity investments from Ironwood Capital and Genesis Park as well as equity investments from the sponsor Delos Capital and their equity partner The Silverfern Group. Craft is a Montrose, MN-based rapid prototyping and complex metal and plastics component manufacturer.
Based in Le Sueur, MN, LSI is a supplier of complex aluminum castings, machined castings, and plastic injection molded components. LSI leverages its dedicated engineering team to provide customers with cost-effective permanent mold casting, sand casting, die casting, plastic injection molding, and precision machining manufacturing processes.
“We are excited to support LSI in its efforts to expand capabilities along the value chain and to enhance its ability to provide prototyping and complex manufacturing capabilities to its customers,” stated Paul Witinski, Partner at Ironwood Capital. “The acquisition of Craft adds both unique and complementary capabilities that enable LSI to provide an end-to-end service offering.”
About Le Sueur Inc.
Founded in 1946 and based in Le Sueur, MN, LSI is a supplier of complex precision aluminum castings and plastic injection molded components. For more information, please visit: lesueurinc.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
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