Continuity, Preservation & Legacy
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Founded in March 2021, North Iron Holdings was launched by Managing Partner Shaun Stimpson and Lead Investor Robert Wolf with a focused strategy: to acquire B2B value-add distribution businesses generating less than $5 million in EBITDA, while providing business owners with a thoughtful, legacy-preserving transition. North Iron partners with founders who care deeply about the future of their companies, stewarding each business with a long-term mindset and unlocking untapped growth potential.
North Iron completed its first acquisition in December 2022 with the purchase of Mitten Fluidpower Corporation, headquartered in Syracuse, New York. Building on that momentum, North Iron expanded its platform with the acquisition of Frank Murken Products in September 2023, followed by FLN‑MAR in December 2024.
Today, the North Iron platform operates seven distributions centers across New York (Buffalo, Latham, Rochester, Schenectady, and Syracuse) and Massachusetts (Holyoke and Shrewsbury). All locations are full-line Parker Hannifin distributors and fully stocked ParkerStores, offering comprehensive motion and control solutions to customers across the region.
Mitten Fluidpower Corporation
Founded in 1971, Mitten Fluidpower is a leading distributor of products from the industry’s most trusted manufacturers. The company offers a comprehensive portfolio of hydraulic, pneumatic, automation, filtration, and fluid connector solutions. Mitten Fluidpower is headquartered in Syracuse, NY, with additional locations in Buffalo and Rochester.
Frank Murken Products (FMP)
Established in 1963, Frank Murken Products is a gasket fabricator, hose assembly fabricator, and distributor serving a wide range of industries, including aerospace, construction, transportation, pharmaceutical, energy, chemical, and semiconductor markets. FMP is headquartered in Schenectady, NY, with a second location in Latham, NY.
FLN-MAR Rubber & Plastic
Founded in 1969, FLN-MAR Rubber & Plastics began as a supplier of belts to regional paper mills. Over time, the company diversified into additional industries and manufacturing equipment. In the 1990s, FLN-MAR became a Parker products partner, expanding its portfolio to include hydraulics and hose solutions. FLN-MAR is headquartered in Holyoke, MA, with a second location in Shrewsbury, MA.
Who We Are
Your business is your lifeblood and your legacy.
It represents your ingenuity, your hard work, and your aspirations—made tangible in the value you provide.
We recognize that every business has a story—how it came to be, developed, and evolved amid changing conditions in a dynamic world. We value that singularity. We know there’s a lot more to a business than simply its balance sheet. We appreciate that a business is fundamentally about people—from founders and senior leaders to employees, clients, suppliers, and the community. They all constitute part of your story.
For the right opportunity, we would like to continue your story, leading your business into its next phase of growth and value, and extending your legacy.
We undertake this process with humility and quiet confidence. We are not looking to acquire a firm to build out my investment portfolio. We are also not looking to validate our egos or supplant what you have built. We believe we can add measurable value to the right situation and we are eager to bring our skills to bear.
In our founder’s prior wealth management career, he worked directly and indirectly with a number of clients who experienced heartbreaking outcomes after selling a business they had spent years building. We are eager to circumvent those pitfalls and bring a keen dedication to listen and learn. For the right enterprise, we are confident we can serve as a critical link to a new era of growth and ethical management.
If you are considering the sale of your business, please reach out to our founder by email. Our conversation will be confidential.
What We Do
Shaun Stimpson - Founder & Managing Partner
Email: shaun.stimpson@northironholdings.com