ARS Recycling Systems completed the acquisition of Ernest Industries. ARS is a portfolio company of Ironwood Capital. Ernest Industries is a fabricator of short load concrete mixers and road stripping machines.
Horizon Technology Finance appointed Daniel S. Devorsetz COO, effective immediately. In addition, Horizon Technology Finance concurrently appointed Devorsetz COO of its external investment advisor, Horizon Technology Finance Management.
The Small Business Investor Alliance announced its new Board of Governors at the National Summit for Middle Market Funds. Charles McCusker, managing partner of Patriot Capital, was named chairman of the board.