Ironwood Capital has made subordinated debt and equity investments in Hickory Holdings (Hickory), a combination of outdoor buildings distributor Sheds Direct and manufacturer Homestead Buildings.
Ironwood provided junior capital investments in support of AHR Growth Partners’ recapitalisation of Hickory alongside Sheds Direct’s Founder and CEO, AJ Kirby.
The combined Company is a vertically integrated manufacturer, distributor, and retailer of a variety of outdoor storage buildings including sheds, cottages, barns, chicken coops and playhouses. Hickory predominately serves North Carolina, Virginia, West Virginia, and Ohio as well as Indiana, Pennsylvania, Michigan, and New York through an exclusive network of 70-plus dealers.
