M&A Deal Summary

Argonaut Private Equity Acquires Crimson Steel Supply

On August 2, 2021, private equity firm Argonaut Private Equity acquired metals/mining company Crimson Steel Supply

Acquisition Highlights
  • This is Argonaut Private Equity’s 1st transaction in the Metals/Mining sector.
  • This is Argonaut Private Equity’s 21st transaction in the United States.
  • This is Argonaut Private Equity’s 7th transaction in Oklahoma.
Investment Fate
  • Crimson Steel Supply was sold to a strategic buyer in 2024.

M&A Deal Summary
Date 2021-08-02
Target Crimson Steel Supply
Sector Metals/Mining
Buyer(s) Argonaut Private Equity
Deal Type Buyout (LBO, MBO, MBI)

Target

Crimson Steel Supply

Tulsa, Oklahoma, United States
website
Crimson Steel Supply is a full-service rebar fabricator, wire mesh supplier, and structural steel components for use mainly in highway and roadway projects. Crimson Steel Supply components include but are not limited to, expansion joints, handrails, and grates. Crimson Steel Supply was founded in 2010 and is based in Tulsa, Oklahoma.

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Buyer(S) 1

Buyer

Argonaut Private Equity

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2002
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Argonaut Private Equity is a private equity firm focused on control investments in entrepreneur and family-owned businesses headquartered in the middle region of the US. The Firm seeks industrial oriented manufacturing, distribution, and service companies with revenue between $20 and $300 million and EBITDA between $5 and $50 million. Argonaut typically commits $15 to $100 million per transaction to support buy-outs, distressed and special situations, growth needs, and divestitures. Argonaut Private Equity was founded in 2002 and is based in Tulsa, Oklahoma.

DEAL STATS #
Overall 21 of 26
Sector (Metals/Mining) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 9 of 12
State (Oklahoma) 7 of 7
Country (United States) 21 of 26
Year (2021) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-14 Alkami

Plano, Texas, United States

Alkami provides online and mobile banking solutions for financial institutions in the US. Based in Plano, Texas, the company’s cloud-based digital banking platform delivers unparalleled functionality, security, flexibility, and extensibility with a superior architecture designed for the future of digital banking. With its modern interface, fully hosted business intelligence solution, and customizable feature set, the platform is the ultimate digital banking solution for financial institutions. Alkami was incorporated in 2009 and is based in Plano, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-16 FABco

Houston, Texas, United States

FABco is a provider of concrete construction materials and supplies including engineered steel rebar and associated construction products. FABco was founded in 2010 and is based in Houston, Texas.

Buy -
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