Ironwood Capital has exited its investment in precision manufacturer Momentum Manufacturing Group (MMG), a provider of multi-operation metal contract manufacturing and precision machining based in North East USA.
“The investment thesis for MMG, when Ironwood Capital originally invested in late 2017, was to grow the company organically and through strategic acquisitions in an effort to build a leading domestic engineered products manufacturer, providing a wide variety of finished, specialty products and sub-systems with metal components for diverse applications as a key strategic partner to customers,” notes Alex Levental, partner at Ironwood Capital.
Over the past three years MMG has invested significantly in automation-enabled production infrastructure and five strategic acquisitions which have each added key capabilities to enhance its service offering. MMG has developed into the leading network of end-to-end manufacturing services in the Northeast with owned manufacturing and process IP. These acquisitions and ongoing investment have allowed MMG to be a single-source provider with an unrivalled breadth of capabilities that meet the complete range of customer needs.