Investment Criteria

Focusing on investing in established manufacturing businesses.


Financial Criteria

  • Lower-middle market

  • Revenue: $10 - $40 million

  • EBITDA: $2.5 - $5 million

  • Identifiable growth opportunities

  • US-based only, preference for Western States

  • Typically avoid operationally distressed situations / over-leveraged situations but are open to these transactions if the underlying business is performing


Industries of Focus

Iron Forge is focused on making control investments in U.S.-based light manufacturing companies including but limited to companies in the following sectors:

  • Aerospace & Defense Parts

  • Automotive Parts

  • Durable Building Materials

  • Powdered Coating Businesses

  • Medical and Health Care Equipment and Parts


Flexible Options for Sellers

  • Rollover equity is available for sellers to allow sellers a second chance at a large liquidity event down the road

  • As an alternative, total consideration can be paid to the seller at close