Ironwood Capital has made a subordinated debt and minority equity investment in Bush Industries, which is headquartered in Jamestown, New York.
Funding was provided by Ironwood Mezzanine Fund IV LP and its affiliated funds. Bush Industries is a leading manufacturer and distributor of high quality, affordably priced “ready to assemble” and fully assembled commercial and home office furniture.
“Bush’s product offerings, manufacturing process and delivery capabilities appeal to both traditional and on-line retailers,” says Ironwood Capital president and chief investment officer Carolyn Galiette.
“Bush Industries has a strong competitive advantage given its breadth of product offerings and significant distribution capabilities. The company’s excellent platform and seasoned management team make it especially well-positioned to capture significant growth in the rapidly expanding e-commerce channel,” says Alex Levental, managing director, Ironwood Capital.
