Long-Term Capital
for Your Next Chapter

Contact Us

We’re Chapman and Nathan. We aim to buy a stable business and then lead it for the long term.

We provide a people-first option for successful business owners to continue their legacy

Long-term Focus

Our business isn’t financial engineering or quick flips. When we buy a company, it’s for the long-term with deep commitment to your team, customers, and community. We will work full-time in the business after the transaction.

Flexible Structure

We welcome full as well as partial buyouts, and sellers are welcome to maintain an equity stake in the business. We will collaboratively structure a transition plan for the founder(s)… no one size fits all expectation.

Clear Process

We move with purpose. No tire-kicking and no time-wasting data requests. Our partners will work with you personally through the entire process from initial call/NDA —> close and keep you up to date on our diligence progress.

Our investment criteria

Financial Profile

  • $1M+ in EBITDA

  • $5M+ in Revenue

  • Track record of growth and profitability

Business Model

  • B2B focus

  • Mission critical products, software, or services

  • Regulated end-markets

Key Attributes

  • Long-term customer relationships

  • Strong employee retention

  • Healthy organizational culture

Our Team

Chapman Ellsworth

Co-Founder

Born and raised in Boise, Idaho and with deep family ties across the Western United States, Chapman has always been passionate about business and understanding how companies work. He has spent the last decade working in, advising, and investing in growing, founder-led companies while working in management consulting and private equity.

These roles gave him firsthand exposure to the opportunities and challenges of running a business as he worked with executives to refine strategic plans and improve operations. Inspired by his time as a board observer for successful, growing companies like ProcessUnity and ImagineSoftware, Chapman knew that he wanted to run a business of his own to apply the things he learned.

Chapman has degrees in accounting from Brigham Young University and an MBA from Stanford. He is married to Kimberly, an elementary school teacher, and they have two young children. They live in Idaho.

Contact Chapman:

(208) 600-7132
chapman@ironcladgrowth.com
LinkedIn

Co-Founder

Nathan Fewel

Born in California but raised in St. George, Utah, Nathan also has deep family ties across the Western United States. Inspired by the patriotism and military service of many family members, Nathan knew from a young age that he wanted to serve his country. He enrolled at the United States Naval Academy after high school.

Upon graduation, Nathan served for years as a Navy submariner, based out of Naval Base Kitsap in the Pacific Northwest after successfully completing the Navy’s rigorous nuclear training program. He is a qualified Navy nuclear engineer. Nathan deployed many times in support of critical national security objectives and led large teams of sailors across operational, maintenance, and engineering roles.

Nathan has degrees from the Naval Academy and Georgetown as well as an MBA from Stanford. He is married to Maren, a marketing content strategist, and they have two young children. They live in Idaho.

Contact Nathan:

(951) 970-1619
nathan@ironcladgrowth.com
LinkedIn

Backed by successful entrepreneurs who provide
financial resources and mentorship