M&A Deal Summary

Benford Capital Partners Acquires Argus Monitoring

On November 2, 2021, private equity firm Benford Capital Partners acquired technology hardware company Argus Monitoring

Acquisition Highlights
  • This is Benford Capital Partners’ 2nd transaction in the Technology Hardware sector.
  • This is Benford Capital Partners’ 16th transaction in the United States.
  • This is Benford Capital Partners’ 2nd transaction in Alabama.

M&A Deal Summary
Date 2021-11-02
Target Argus Monitoring
Sector Technology Hardware
Buyer(s) Benford Capital Partners
Deal Type Consolidation

Target

Argus Monitoring

Birmingham, Alabama, United States
Argus Monitoring provides a broad range of outsourced continuous seismic and environmental monitoring services through a “hardware-as-a-service” business model.

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Buyer(S) 1

Buyer

Benford Capital Partners

Chicago, Illinois, United States

Investor Investor Investor

website

Category Private Equity Firm
Founded 2004
Size Small
Type Sector Agnostic
DESCRIPTION

Benford Capital Partners is a private equity investment firm focused on leveraged buyouts and recapitalizations of smaller, lower middle-market companies in the US and Canada. Benford targets niche manufacturers, unique service companies and specialty distributors with minimum sales of $3 million, and at least $1 million in EBITDA. Avoided industries/transactions include retail, restaurants, software, start-ups, real estate, commodity products, and biotech. Benford Capital Partners was formed in 2004 and is based in Chicago, Illinois.

DEAL STATS #
Overall 16 of 22
Sector (Technology Hardware) 2 of 2
Type (Consolidation) 1 of 2
State (Alabama) 2 of 2
Country (United States) 16 of 21
Year (2021) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-29 Atlas RFID Solutions

Birmingham, Alabama, United States

Atlas RFID Solutions is a developer and marketer of Jovix, an award-winning material control application purpose-built for the capital asset market. Jovix combines web-based server software with mobile and auto-ID technologies to extend access to information to decision-makers in the field, enabling digitization and automation of paper-based data collection processes. Atlas RFID Solutions was founded in 2007 and is based in Birmingham, Alabama.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-15 Pasture Brands

Kalona, Iowa, United States

Pasture Brands is formed for an add-on acquisition of beverage and refrigerated food product companies. Pasture Brands Holdings was founded in 2021 and is based in Kalona, Iowa.

Buy -
Mergr

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Company

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