Ironwood Capital is pleased has exited its investment in BrandFX Body Company (BrandFX), which has been sold to Time Manufacturing Holdings (Time Manufacturing).
BrandFX is the largest manufacturer of composite glass fibre vehicle bodies in the nation, primarily serving the power and telephone industries, with headquarters in Fort Worth, Texas. Time Manufacturing, headquartered in Waco, Texas, is a global designer, manufacturer, and distributor of vehicle-mounted aerial lifts primarily for the telecom and electric utility end markets.
Alex Levental, Ironwood Capital managing director, says: “BrandFX management built a strong business and attractive acquisition target, creating an industry innovator and leader. Time Manufacturing is a great fit with the BrandFX business. We look forward to watching the new company grow and wish them well.”