Ironwood

Ironwood Power Services

Rochester, NY

Ironwood provides a diversified set of critical services to the electric power industry, including vegetation management, substation and civil construction, site clearing, and environmental matting services.

Tracing its origins back over 80 years, the company serves utilities, electrical contractors, and renewable energy customers in the greater New York state region.

Transaction Driver

In partnership with an independent sponsor and Ironwood’s CEO, Cyprium’s capital was used to support a majority recapitalization of Ironwood Heavy Highway and Terry Tree Service, creating Ironwood Power Services.

Add-On Criteria

  • Service providers to the utility industry, including vegetation management, substation construction, site clearing, and environmental matting
  • Minimum revenues: $2 million
  • Geography: United States