M&A Deal Summary

Argentum Capital Partners Acquires Conner Industries

On December 2, 2014, growth capital firm Argentum Capital Partners acquired forest products company Conner Industries

Acquisition Highlights
  • This is Argentum Capital Partners’ 1st transaction in the Forest Products sector.
  • This is Argentum Capital Partners’ 20th transaction in the United States.
  • This is Argentum Capital Partners’ 1st transaction in Texas.

M&A Deal Summary
Date 2014-12-02
Target Conner Industries
Sector Forest Products
Buyer(s) Argentum Capital Partners
Deal Type Recapitalization

Target

Conner Industries

Fort Worth, Texas, United States
website
Conner Industries is a provider of industrial wood and packaging solutions. Conner specializes in supplying cut lumber (softwoods, hardwoods, and panel products) needed for pallets, crates, and skid parts, fully assembled custom pallets, crates, engineered packaging solutions, and a wide variety of services tailored to customer needs. Conner Industries was established in 1981 and is based in Fort Worth, Texas.

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Buyer(S) 1

Buyer

Argentum Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

website

Category Growth Capital Firm
Founded 1988
PE ASSETS 400M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Argentum Capital Partners is a private equity firm focused on investing in small to mid-sized companies with proven business models and the ability to become market leaders. Prospective transaction situations include growth capital financing, management buyouts, platform acquisitions, and recapitalization. The firm typically takes minority positions, except in the case of management buyouts. Industry sectors of interest include business services, healthcare, and technology. Argentum generally prefers opportunities located in the Eastern US, but will consider companies across the US. Argentum Capital Partners was formed in 1988 and is based in New York City.

DEAL STATS #
Overall 22 of 43
Sector (Forest Products) 1 of 1
Type (Recapitalization) 1 of 1
State (Texas) 1 of 2
Country (United States) 20 of 40
Year (2014) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-17 Fleetworthy Solutions

Madison, Wisconsin, United States

Fleetworthy Solutions is a provider of outsourced compliance services to owners and operators of truck fleets that take them Beyond Compliant. Fleetworthy combines exceptional client service, advanced technologies and more than 30 years of transportation industry expertise to make sure that drivers and assets are fleet worthy. The company helps private fleets, for-hire carriers, and third-party logistics companies of all sizes surpass compliance of federal, state, and local regulations and streamline processes to reduce costs and mitigate risks. Fleetworthy Solutions was established in 1983 and is based in Madison, Wisconsin.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-06 TransForce

Alexandria, Virginia, United States

TransForce is a provider of full-service outsourcing and staffing solutions to the trucking and third-party logistics industries. The company is experiencing rapid internal growth through multiple branch openings and aims to become a leading consolidator in a fragmented industry. TransForce was founded in 1991 and is based in Alexandria, Virginia.

Sell -
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