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Consumer Products
Hillsdale Furniture, LLC
Global Convenience Investments, LLC
Healthcare
MEDport, Inc.
Memry Corp.
Food & Beverage
Al's Holdings, Inc.
NEBC, LLC
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Manufacturing & Dist.
PPI Time Zero, Inc.
DelStar Technologies
Praxis Industries, LLC
Dynamic Gunver Technologies LLC
Eagle Bridge Machine & Tool, Inc.
Advanced Concrete Systems, Inc.
Primary Steel, Inc.
North American Specialty Glass LLC
Whitcraft, LLC
Micro Precision, Inc.
Western Carpet, LLC
TOG Manufacturing Company, Inc
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Business Services
ACCT Holding, LLC
Interstate Waste Services, LLC
New York Merchants Protective Company, Inc.
Nova Records Management, LLC
New England Linen Supply, Inc.
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 PPI Time Zero
Paterson, New Jersey
PPI Time Zero, Inc. (www.ppi-timezero.com) is a 30 year-old vertically integrated electronic manufacturing services provider, with product offerings in design and engineering, bare printed circuit board manufacturing and assemblies. The company services a diverse base of industries, including industrial controls and automation, defense, aerospace and avionics, medical devices and test and measure equipment. Ironwood invested in the form of subordinated debt and preferred stock to partially finance Saugatuck Capital's acquisition of PPI Time Zero.
 Al's Holding, Inc.
East Windsor, Connecticut
Al's is a leading manufacturer and distributor of fountain drinks in the Northeast. Al's maintains a full line of handcrafted soft drinks under the Al's trademark, and is a licensed manufacturer of Royal Crown Cola and Canada Dry products. Al's supplies independent distributors in the Northeast, from Buffalo, New York to Philadelphia, Pennsylvania, with products ultimately distributed to over 10,000 eating and drinking establishments. Ironwood invested in the form of subordinated debt with warrants to support internal growth.
 DelStar Technologies, Inc.
Middletown, Delaware
DelStar (www.delstarinc.com) is a leading manufacturer of specialty films, netting and nonwoven products used in the filtration, medical, textile and industrial markets. DelStar was formed in October 2001 through the merger of the specialty netting and nonwoven division of Applied Extrusion Technologies, Inc. and US Netting, Inc. Delstar is the largest supplier of netting and apertured film product, with an estimated market share of 90% in certain niche product markets. Other applications of its products include packaging, medical bandages, textile bonding/support and general containment. Ironwood invested in the form of subordinated debt and preferred stock to re-capitalize and provide growth capital to Delstar, which is owned by RFE Investment Partners.
 MEDport, Inc.
Providence, Rhode Island
MEDport (www.medportllc.com) designs, imports, markets and distributes a broad line of healthcare measurement devices under an exclusive licensing agreement with TIMEX Corporation. Products range from low cost pill organizers and carrying cases to sophisticated digital reminders and measurement devices. MEDport sells through a number of established channels, including all of the major national pharmacy chains, pharmaceutical companies, mass-market retailers and health food stores. Ironwood provided senior subordinated notes with warrants to MEDport, Inc., which was used primarily for the development and rollout of various medication management products under the Timex licensing agreement.
 ACCT Holding, LLC
Berwyn, Pennsylvania
ACCT Holding, LLC provides specialized inbound and outbound customer contact solutions including: customer account management, fraud detection and prevention, integrated voice response ("IVR") or voice response unit ("VRU") programs, and telemarketing programs. Ironwood invested in senior subordinated debt with warrants to support CD Ventures' acquisition of ACCT Holding, LLC.
 Praxis Industries, LLC
Savannah, Tennessee
Praxis Industries, LLC (www.aquariusproducts.com) manufactures and markets high quality bath ware. The company produces shower-only, bathtub-only and shower/tub combination units with a wide variety of color options and accessories, including shower doors, whirlpool kits, grab bars and seats. Praxis is the nation's leading provider of bathtubs and showers to the fast-growing ADA-compliant market. The company's traditional brands, Aquarius, Hamilton, and Comfort Design are well-established, and have introduced innovative design features that promise significant growth. Ironwood invested in senior subordinated debt with warrants to support Meridian Venture Partners' acquisition of Praxis.
 Dynamic Gunver Technologies, LLC
Manchester, Connecticut
Dynamic Gunver Technologies, LLC (www.dgtmfg.com) is a manufacturer of sheet metal and machined components and assemblies for aircraft and land-based gas turbine engines, primarily jet engines. The company's products are key components used in the manufacture of new gas turbine engines, as well as in the routine maintenance and refurbishment of existing engines. Products are sold to original equipment manufacturers (OEMs), OEM suppliers, and government agencies. Ironwood invested in the form of senior subordinated debt in conjunction with a recapitalization of the company.
 NEBC, LLC
Southbridge, Massachusetts
NEBC, LLC, an entity formed to effect the acquisition of The Superior Group Companies, is a group of commercial bakeries that manufacture and distribute a variety of branded and private labeled bakery products sold predominantly in supermarkets throughout New England. The company's most recognizable brands include Kasanoff's and Green & Freedman hearth baked breads. Ironwood invested in senior subordinated debt with member's interest to support New England Capital Partners' acquisition of NEBC, LLC.
 Hillsdale Furniture, LLC
Louisville, Kentucky
Hillsdale is a designer and importer of residential case goods and accent furniture. Hillsdale sells a broad line of bedroom, dining room, occasional and accent furniture targeting promotional to middle price points. The company has a well-developed infrastructure for sourcing from Asia and offering customized distribution and marketing services to support the needs of its customers. Ironwood invested in the form of subordinated debt with warrants to partially finance Clearview Capital's acquisition of Hillsdale House, Ltd.
 Interstate Waste Services Holding Company, Inc.
Sloatsburg, New York
Interstate Waste Services is a leading non-hazardous solid waste collection, recycling and disposal operator servicing the Northern New Jersey and the lower Hudson Valley region. The financing primarily provided the capital to acquire transfer station disposal assets and collections routes from Waste Management, Inc. in the Company's core markets of New York and New Jersey. Ironwood invested in senior subordinated debt with warrants as part of a $9 million financing to support the acquisition.
 NOVA Records Management, LLC
Berwyn, PA
Formed in February of 2004 by CD Ventures and J. Michael Gold, Nova (www.caprecmgmt.com) provides storage services for all major media, as well as on-site records management programs, to companies located throughout New England and the Mid-Atlantic. Ironwood invested in both subordinated debt and preferred equity in support of the Company's acquisition strategy.
 Eagle Bridge Machine and Tool, Inc.
Eagle Bridge, NY
Eagle Bridge Machine & Tool, Inc. (www.eaglebridgemachine.com) is in the precision machining business and machines large castings for mass transportation rail trains and cars; alternator and starter housings for the automotive after market; and aluminum die-castings for the electronic and commercial markets. The Company's business has evolved over three decades, with the primary focus on machining critical heavy-duty (steel, iron or ductile) undercarriage parts for the mass transit industry - light and heavy-duty trains, and subways. Ironwood invested in the form of subordinated debt with warrants to support Stanwich Partners' acquisition of Eagle Bridge.
 New England Linen Supply Company, Inc.
New Haven, CT
New England Linen Supply Company, Inc. rents and sells textile and linen products to Northeastern foodservice companies. The Company offers a broad line of garments, table linens and other related products to organizations seeking convenient, cost effective linen products. The Company also provides logo design, image programs, and party rental linens for catering departments. Ironwood invested in the form of subordinated debt with warrants to support New England Capital Partners' acquisition of New England Linen.
 Memry Corporation
Bethel, CT
Memry Corporation (www.memry.com) provides design, engineering, development, and manufacturing services to the medical device and other industries using the Company's proprietary shape memory alloy technologies. The predominant shape memory alloy utilized by the Company is a nickel-titanium alloy commonly referred to as nitinol, which Memry converts into stent components, catheter components, guidewires, laparoscopic surgical sub-assemblies and orthopedic instruments through proprietary processes. Ironwood invested in the form of subordinated debt to support Memry's strategic acquisition of Putnam Plastics Inc.
 Advanced Concrete Systems, Inc.
Middleburg, PA
Founded in 1985 in Middleburg, PA, Advanced Concrete Systems, Inc. (www.yourbasement.com) is a manufacturer and installer of pre-cast concrete wall panel systems that are used in basement, foundation and above-grade construction of residential and commercial buildings. The pre-cast concrete walls are custom-manufactured, studded, insulated, have pre-cast ducts for electrical wiring, and have furring strips for ease of installing additional insulation and dry wall finishing. Ironwood invested in the form of subordinated debt and preferred equity to support the partial recapitalization of Advanced Concrete.
 Primary Steel, Inc.
Middletown, CT
Headquartered in Middletown, CT, Primary Steel, Inc. (www.primarysteel.com) is one of the top five processors and distributors of steel plate in the United States. The company also processes and distributes flat rolled coil and pipe products. Primary has more than 2,000 customers across a wide variety of industries including construction, transportation, industrial equipment and shipbuilding. The company operates six facilities located in close proximity to the nation's major steel producers and customers. Ironwood invested in the form of preferred stock to support Ironwood Manufacturing Fund and Charles E. Pompea in the recapitalization of Primary Steel.
North American Specialty Glass LLC
Trumbauersville, PA
Based in Trumbauersville, PA, North American Specialty Glass LLC (NASG) is a leading manufacturer of high security window systems and components for the rail transit, armored vehicle, architectural and other markets. NASG produces blast, ballistic, impact and forced entry protection products for railroad locomotives, passenger trains, armored cars and trucks, military vehicles and ships and secure building sites. Ironwood invested in the form of subordinated debt with warrants to assist Ironwood Manufacturing Fund's purchase of NASG from its multinational parent corporation.
 New York Merchants Protective Company, Inc.
New York, NY
New York Merchants Protective Company, Inc. (www.nympc.com) is a leading electronic security company serving commercial and residential customers primarily in the New York metropolitan area. The Company offers a complete range of security services that include residential and commercial burglar and fire alarm systems installation and monitoring, closed circuit television (CCTV) and access control systems. Ironwood provided subordinated debt with warrants in support of New York Merchant's growth and acquisition initiatives.
 Whitcraft, LLC
New York, NY
Whitcraft, LLC (www.whitcraft.com) is a leading manufacturer of high quality, precision formed, machined and fabricated metal parts for the U.S. aerospace industry. The Company manufactures new and replacement jet engine and helicopter parts for large engine manufacturers serving both the commercial and military aircraft market. Ironwood provided preferred stock in support of Whitcraft's anticipated growth and expansion.
 Micro Precision, Inc.
South Windham, Connecticut
Micro Precision, Inc. (www.microprecisiongroup.com) is the exclusive licensee of diesel locomotive air horns in North America as well as a quality precision manufacturing Tier 1 parts supplier to the U.S. Navy and U.S. Department of Defense. The Company provides precision machining and electro-mechanical assemblies for a diverse customer base. Ironwood provided senior subordinated notes with warrants to Micro Precision, Inc. which was used to acquire the licensor of the diesel locomotive air horns.
Global Convenience Investments, LLC
Moline, Illinois
Global Convenience Investments, LLC owns and operates a convenience store chain under the Mother Hubbard’s Cupboard name, located in the Quad Cities area of Illinois and Iowa. Along with the British Petroleum gasoline it sells to both retail and corporate customers, the stores offer a full array of convenience store items, as well as the convenience of other co-located businesses (Subway, Domino’s, Sprint PCS etc.) In addition, several of the sites have laundry-mats, car washes, and other tenants. Ironwood provided senior subordinated notes with warrants to support Global Convenience Investments’ acquisition of Mother Hubbard’s Cupboard.
Western Carpet, LLC
Brooklyn, New York
Western Carpet LLC is a leading regional wholesale distributor of flooring products servicing the metropolitan New York and New England markets. Western Carpet offers a spectrum of carpet, laminate, vinyl, hard-wood, and ceramic flooring products and has operated continuously and profitably in the New York market for over seventy years. Ironwood provided senior subordinated notes with warrants to partially recapitalize the company and provide growth capital.
 TOG Manufacturing Company, Inc
North Adams, Massachusetts
TOG Manufacturing Company, Inc (www.togmanufacturing.com) is a contract manufacturer of high precision metal and alloy parts for the power generation market (gas and steam turbines) and the nuclear submarine market. For the power generation market, TOG manufactures machined parts such as rotor fasteners, rotor studs, valve components, bushings, and packing rings for gas and steam turbine original equipment manufacturers and aftermarket replacement power equipment service companies. For the submarine market, the Company also produces stuffing tubes, which are large, hull-integrity pipes that provide a waterproof enclosure for the electrical wiring of submarines. Ironwood provided senior subordinated notes with warrants to support New England Capital Partners’ acquisition of TOG Manufacturing Company, Inc.
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