M&A Deal Summary

Argand Partners Acquires Sigma Engineered Solutions

On October 13, 2016, private equity firm Argand Partners acquired metals/mining company Sigma Engineered Solutions

Acquisition Highlights
  • This is Argand Partners’ 1st transaction in the Metals/Mining sector.
  • This is Argand Partners’ 1st transaction in the United States.
  • This is Argand Partners’ 1st transaction in North Carolina.

M&A Deal Summary

Date 2016-10-13
Target Sigma Engineered Solutions
Sector Metals/Mining
Buyer(s) Argand Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Sigma Engineered Solutions

Garner, North Carolina, United States
website
Sigma Engineered Solutions is a manufacturer of metal castings, precision machined components and sub-assemblies for blue-chip customers in the electrical products, power transmission, and distribution and general industrial markets. Sigma Engineered Solutions uses proprietary precision die-casting and sand-casting manufacturing technologies to produce customized components with complex shapes and tight tolerances across a broad range of metals and alloys. Sigma Engineered Solutions was founded in 1981 and is based in Garner, North Carolina.

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Buyer(S) 1

Buyer
DESCRIPTION

Argand Partners is a value-oriented private equity firm focused on acquiring controlling interests in middle-market industrial businesses that have established market leadership positions and track records of stable cash flows. Argand typically pursues complex situations involving corporate carve-outs of non-core divisions, industries that are out of favor or in transition, middle-market companies grappling with the opportunities and difficulties of global operations, good companies with overleveraged balance sheets, and family-owned businesses transitioning to professional management. Target companies generally have $15 to $50 million of EBITDA. Argand Partners was founded in 2015 and is based in New York City.


DEAL STATS #
Overall 1 of 6
Sector (Metals/Mining) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 1 of 1
State (North Carolina) 1 of 1
Country (United States) 1 of 3
Year (2016) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-05 Brintons Carpets

Kidderminster, United Kingdom

Brintons Carpets is a designer and manufacturer of luxury woven carpets for commercial and residential premises. Brintons Carpets was founded in 1783 and is based in Kidderminster, United Kingdom.

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