Announced
Completed
Synopsis
Ironwood Capital-backed ARS Recycling Systems, a manufacturer of abrasive blasting-recycling equipment, completed the acquisition of Ernest Industries, a fabricator of short load concrete mixers. Financial terms were not disclosed. “This acquisition will allow us to take our fabrication expertise in infrastructure and expand into additional markets via new customers. It’s an exciting growth opportunity and strengthens ARS across the board. Additionally, the asset base of Ernest Industries will allow ARS to fabricate more subassemblies in-house, thereby improving lead time and mitigating price increases to our existing bridge, petrochemical tank and marine customers,” Bob Vucenovic, ARS President and CEO.
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