Argonaut Private Equity Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, Argonaut Private Equity has acquired 7 companies.

Argonaut Private Equity’s most common sectors for investment areenergy services and equipment (16%) and oil/gas exploration (12%) . The Firm’s most common investment types include buyout (lbo, mbo, mbi) (47%) and growth capital (16%). In total, Argonaut Private Equity has invested in 11 US states.

In the last 3 years, Argonaut Private Equity has exited 2 companies. The Firm’s most common exit type is trade sale (55%). Argonaut Private Equity’s largest (disclosed) exit occurred in 2013 when it sold S&R Compression for $187M.

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M&A Summary

  • M&A Total Activity37
    • M&A Buy Activity26
    • M&A Sell Activity11
  • Total Sectors Invested 17
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 16
  • M&A Advisors 2

Argonaut Private Equity

Argonaut Private Equity

7030 S. Yale Ave,
Tulsa, Oklahoma 74136
United States
(918) 392-9611
www.argonautpe.com

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.


Investment Criteria

Sectors of Interest: Automotive, Business Services, Construction, Consumer Products, Distribution, Energy Services and Equipment, Financial Services, Information Technology, Internet Software and Services, Machinery, Manufacturing, Metals/Mining, Safety/Security, Semiconductors, Software, Test/Measurement Equipment

Target Transaction Types: Buyout (LBO, MBO, MBI), Divestiture, Growth Capital, Special Situations/Distressed, Secondary Buyout

Geographic Preferences: East US, Midwest US, South US, West US

Transaction Criteria Min Max
Target Revenue 20 300
Target EBITDA 5 50
Investment Size 15 100
Enterprise Value - -
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (1.8/yr) # 17 2 3 2 1 1 26
Sell (0.8/yr) # 7 2 1 - - 1 11
vol $272M $272M
  37

Most Recent M&A

Company Date Value Type
Crimson Steel Supply LLC 2024-04-08 - Trade Sale
Tulsa, Oklahoma · www.crimsonsteelsupply.com
Legacy Building Solutions, Inc. 2024-03-13 - Recapitalization
South Haven, Minnesota · www.legacybuildingsolutions.com
Center Rock, Inc. 2023-05-09 - Secondary Buyout
Berlin, Pennsylvania · www.centerrock.com
Bandera Utility Contractors Ltd. 2022-05-04 - Buyout (LBO, MBO, MBI)
McKinney, Texas
Miller Contracting Services LLC 2022-02-10 - Buyout (LBO, MBO, MBI)
Carrier Mills, Illinois · www.millercontracting.us
FABco LLC 2021-09-16 - Buyout (LBO, MBO, MBI)
Houston, Texas · www.fabcous.com
Crimson Steel Supply LLC 2021-08-02 - Buyout (LBO, MBO, MBI)
Tulsa, Oklahoma · www.crimsonsteelsupply.com
Alkami Technology, Inc. 2021-04-14 - IPO
Plano, Texas · www.alkami.com
American Well Services 2021-03-22 - Divestiture
Midland, Texas
American Cementing LLC 2020-09-01 - Buyout (LBO, MBO, MBI)
Tulsa, Oklahoma · www.americancementing.com
View All >>

M&A by Sector

Sector Current # Value All-time # Value
Energy Services and Equipment 2 (13%) - 4 (15%) -
Construction 3 (19%) - 3 (12%) -
Oil/Gas Exploration 3 (19%) - 3 (12%) -
Automotive 2 (13%) - 2 (8%) -
Building Materials 2 (13%) - 2 (8%) -
Agriculture 1 (6%) - 1 (4%) -
Consumer Products - - 1 (4%) -
Distribution 1 (6%) - 1 (4%) -
Financial Services - - 1 (4%) -
Internet Software and Services - - 1 (4%) -
Machinery - - 1 (4%) -
Manufacturing 1 (6%) - 1 (4%) -
Metals/Mining - - 1 (4%) -
Safety/Security - - 1 (4%) -
Software 1 (6%) - 1 (4%) -
Technology Hardware - - 1 (4%) -
Test/Measurement Equipment - - 1 (4%) -
Total 16 - 26 -

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 16 (100%) - 26 (100%) -
  Texas 6 (38%) - 8 (31%) -
  Oklahoma 2 (13%) - 7 (27%) -
  Michigan 2 (13%) - 2 (8%) -
  Illinois 2 (13%) - 2 (8%) -
  Georgia 1 (6%) - 1 (4%) -
  Pennsylvania 1 (6%) - 1 (4%) -
  Minnesota 1 (6%) - 1 (4%) -
  Arizona - - 1 (4%) -
  New York - - 1 (4%) -
  New Jersey - - 1 (4%) -
Total 16 - 26 -

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 8 (50%) - 12 (46%) -
Growth Capital 2 (13%) - 4 (15%) -
Venture - - 3 (12%) -
Divestiture 1 (6%) - 2 (8%) -
Secondary Buyout 2 (13%) - 2 (8%) -
Consolidation 1 (6%) - 1 (4%) -
Recapitalization 1 (6%) - 1 (4%) -
Stake Purchase 1 (6%) - 1 (4%) -
Total 16 - 26 -

Exits by Deal Type

Type Total # Value
Trade Sale - Public Company 4 (36%) 272M (100%)
Trade Sale 3 (27%) -
Secondary Sale 2 (18%) -
IPO 1 (9%) -
Sold to Management 1 (9%) -
Total 11 $272M

Top M&A Advisors

Financial Deals
D.A. Davidson & Co.
 1
Legal Deals
Frederic Dorwart Lawyers (FDLaw)
 1

Deal Values

sell # Total
$100M to $1B 1 $187M
< $100M 1 $85M
TOTAL $272M
Largest S&R Compression LLC
$187M (2013-08-13)

M&A Connections

Deals
Acquired from
Investor(s)
8%
2 (8%)
Strategic(s)
8%
2 (8%)
Exited to
Investor(s)
18%
2 (18%)
Strategic(s)
64%
7 (64%)

Investor Summary

Investor Type

Private Equity Firm

Size

Large

PE Assets

2.0B USD

Established

2002

Specialist/Generalist

Generalist

Leadership

Steve Mitchell

CEO & Managing Director

Kelby Hagar

President & Managing Director

Phil VanTrease

CFO & General Counsel

Patrick Sullivan

CCO

John Young

Director

FAQ

When was Argonaut Private Equity founded?

Argonaut Private Equity was founded in 2002.

What type of investor is Argonaut Private Equity?

Argonaut Private Equity is a private equity firm.

Where is Argonaut Private Equity headquartered?

Argonaut Private Equity is headquartered in Tulsa, Oklahoma.

How much capital does Argonaut Private Equity have under management?

Argonaut Private Equity has 2.0B USD under management.

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