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Ironclad Environmental Services

5 statements across 1 episodes · 3 bullish · 0 bearish · 1 people on the record · first statement Nov 11, 2024 by Rob Michalik · said 20 times in 3 episodes since 2023 · across every show →

Mentions by year

brought up most by Ted Seides (18), Rob Michalik (2)

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2024 19 mentions in 2 episodes 10 per episode
2023 1 mention in 1 episode

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Everything said about Ironclad Environmental Services, oldest first

Nov 11, 2024 positive
Assertion Not checkable as stated
Michalik: Ironclad raised fleet utilization to 67-68% from 50% and mid-60s
“The mobile mini division was running in the mid-sixties of utilization. We bought it. The Adler division was running just about 50% utilization. Today we're at combined 67, 68%.”
Rob Michalik Nov 11, 2024 ▶ 32:15 [REPLAY] Ironclad Environmental Services – Chris and Rob Michalik (Kinderhook Industries), (PE Deals, S3E8)
Nov 11, 2024 positive
Assertion Not checkable as stated
Ironclad Environmental Services generates over $100M in combined EBITDA
“We have north of a hundred million dollars of EBITDA already on the combined platform.”
Rob Michalik Nov 11, 2024 ▶ 36:16 [REPLAY] Ironclad Environmental Services – Chris and Rob Michalik (Kinderhook Industries), (PE Deals, S3E8)
Nov 11, 2024 neutral
Prediction Open · timeframe Nov 2026
Michalik: Kinderhook expects a three-year hold for Ironclad
“I'd imagine if someone doesn't knock on our door in the next 24 months, we will be going to market with the asset after that time. So I'd imagine this one will end up being a three-year hold as opposed to a five-year hold.”
Rob Michalik Nov 11, 2024 ▶ 36:28 [REPLAY] Ironclad Environmental Services – Chris and Rob Michalik (Kinderhook Industries), (PE Deals, S3E8)
Nov 11, 2024 positive
Assertion Not checkable as stated
Michalik: Ironclad achieves double-digit top-line growth and 40% EBITDA margin
“So we've been driving double digit top line growth every month, month over month since our ownership. We're at 40% combined EBITDA on the business today.”
Rob Michalik Nov 11, 2024 ▶ 34:55 [REPLAY] Ironclad Environmental Services – Chris and Rob Michalik (Kinderhook Industries), (PE Deals, S3E8)
Nov 11, 2024 neutral
Assertion Not checkable as stated
Ironclad was financed under 4x debt-to-EBITDA with nearly 50% equity
“Our partners at Twinbrook helped us finance this deal. We've financed it inside of four turns of debt to EBITDA. We have a very flexible balance sheet. We are well capitalized at almost 50% equity capitalization across the combined platform”
Rob Michalik Nov 11, 2024 ▶ 34:20 [REPLAY] Ironclad Environmental Services – Chris and Rob Michalik (Kinderhook Industries), (PE Deals, S3E8)
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