Advanced Recycling Systems has been acquired by Wisdom Capital Partners, Stanwich Partners and Ironwood Capital. The acquired company, based out of Lowellville, OH, designs and manufactures equipment used to collect, recycle and remove dust and debris generated in industrial environments. End markets include the bridge painting, municipal water tank, shipbuilding and industrial market segments. The investors see potential for future growth because of an aging infrastructure system and a growing need for environmentally-friendly industrial solutions. Ironwood provided financing in the form of senior subordinated debt and equity; Comerica Bank provided senior debt financing for the transaction.