Shaun Stimpson

Founder & Managing Partner

I founded North Iron Holdings because I desired to contribute to the backbone of American business. I am looking to acquire additional B2B value-added distribution companies that have the potential to compliment the business we acquired.

I believe that a business owner’s vision and values are an essential part of any transition and are committed to enhancing—not tearing down—the company that I acquire. I believe in pursuing continuity and improvement and recognize that there are multiple factors that impact the lifeblood of a company—not all of them quantifiable.

After earning my undergraduate degree in Finance from Suffolk University in Boston, I joined Merrill Lynch as a Financial Advisor. I built my practice from the ground up, achieving success through hard work, determination, and a passion for helping people.

In 2008, I moved to Morgan Stanley, where I transitioned to a leadership role as Business Development Manager overseeing the efforts of more than 200 Financial Advisors and, ultimately, Branch Manager. In these positions, I was able to instill a new culture of achievement, exceeding sales targets, and coaching team members to revitalize their business development efforts after a period of lackluster growth. The firm recognized my ability to jumpstart new business and develop talent; I was asked to take on additional challenges. I delivered on expectations, consistently exceeding sales targets while maintaining a positive work environment grounded in integrity. I also demonstrated my commitment to the interests and strengths of each team member. Associates could perceive my genuine interest in them as people—not simply as employees—and that connection facilitated a positive work environment that translated to growth. During this interval, I also obtained my M.B.A. from Babson College, where I gained valuable analytical skills and connected with a community of like-minded entrepreneurs.

In 2014, I moved to U.S. Trust (now Bank of America Private Bank), where I was named Managing Director and Market Sales Executive for the Boston Market. During my seven-year tenure at the firm, I was promoted two times, ultimately serving as Managing Director and Market Executive for a newly created Upstate New York Market. Here, too, I was asked to support a new culture of growth and achievement and delivered on those expectations. In 2019 and 2020, my Market exceeded revenue objectives and performance metrics—most by sizable margins. At the same time, employee satisfaction metrics improved, with 95% of employees in the Market reporting heightened engagement with their roles and with the firm.

In 2021, I took action on a long-held aspiration—identifying a business owner who was ready to transition his or her firm to someone with a stewardship mindset, dedicated to ethical growth and long-term achievement. With support from a team of trusted advisors and a single investor, I launched North Iron Holdings that same year to identify a singular business that I could acquire, relocate to with my wife and children, and begin in earnest to grow. I am committed to maintaining respect for my predecessor’s achievements while supporting employees in advancing the founder’s original mission and vision for a successful and flourishing enterprise.

After an 18-month search, we acquired our ideal target company in December 2022, Mitten Fluidpower Corporation, which has been family owned and operated since its founding in 1971, and is a leader in delivering Hydraulic, Pneumatic, and Hose & Fitting solutions to the Albany, Syracuse, Rochester, and Buffalo markets in Upstate New York.