Ironclad was financed under 4x debt-to-EBITDA with nearly 50% equity
Rob Michalik · [REPLAY] Ironclad Environmental Services – Chris and Rob Michalik (Kinderhook Industries), (PE Deals, S3E8) · Nov 11, 2024 · at 34:20
Kinderhook Industries co-founder Rob Michalik discusses the capital structure and leverage profile used for the Ironclad Environmental Services platform.
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“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”
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