M&A Deal Summary

Bluejay Capital and Argosy Private Equity Acquire Best Warehousing & Transportation

On November 29, 2022, merchant bank Bluejay Capital and private equity firm Argosy Private Equity acquired transportation company Best Warehousing & Transportation

Acquisition Highlights
  • This is Bluejay Capital’s 1st and Argosy Private Equity’s 4th transaction in the Transportation sector.
  • This is Bluejay Capital’s 3rd and Argosy Private Equity’s 77th transaction in the United States.
  • This is Bluejay Capital’s 1st and Argosy Private Equity’s 2nd transaction in Georgia.

M&A Deal Summary

Date 2022-11-29
Target Best Warehousing & Transportation
Sector Transportation
Buyer(s) Bluejay Capital
Argosy Private Equity
Deal Type Buyout (LBO, MBO, MBI)

Target

Best Warehousing & Transportation

Atlanta, Georgia, United States
website
Best Warehousing & Transportation is a third-party logistics provider specializing in comprehensive, client-focused solutions, including transportation, warehousing and storage, logistics handling, and other services. Best Warehousing & Transportation is based in Atlanta, Georgia.

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Buyer(S) 2

DESCRIPTION

Bluejay Capital is a merchant bank that invests in and provides M&A advisory services to companies operating in the transportation and logistics sectors. The Firm's investment unit looks to partner with founder-owned businesses throughout North America with $3 to $15 million of EBITDA and valued up to $120 million. Specific areas of interest include trucking, freight rail, rail services, ports/terminals, tech-enabled services, distribution, and logistics services. Bluejay Capital is based in Jacksonville Beach, Florida.


DEAL STATS #
Overall 3 of 3
Sector (Transportation) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 3 of 3
State (Georgia) 1 of 1
Country (United States) 3 of 3
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-22 Pacific West

Salt Lake City, Utah, United States

Pacific West is an industrial and mechanical contracting firm that provides a wide range of services to clients including the construction of railroad locomotive fueling facilities, rail yard air brake networks, wastewater treatment facilities, above and below ground mechanical facilities and security fencing. Additional services include 24/7 emergency response assistance, environmental remediation work, trenchless pipe activity, vacuum truck resources and a variety of ongoing maintenance services. Pacific West was formed in 1988 and is based in Salt Lake City, Utah.

Buy -
Buyer

Argosy Private Equity

Wayne, Pennsylvania, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1990
PE ASSETS 575M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Argosy Private Equity is the private equity arm of Argosy Capital, an asset management firm. Argosy Private Equity provides both debt and equity capital to lower middle-market companies located throughout the US. Argosy focuses on growth companies with experienced management teams and revenues between $15 and $100 million and EBITDA of $3 to $9 million. Argosy looks to invest $5 - $20 million per transaction. Specific areas of interest include manufacturing, business services, franchising and Value added distributions. The Firm will consider a variety of transaction types, including MBO’s, recapitalizations, growth equity and acquisitions. Argosy was formed in 1990 and is based in Wayne, Pennsylvania.


DEAL STATS #
Overall 77 of 85
Sector (Transportation) 4 of 5
Type (Buyout (LBO, MBO, MBI)) 44 of 52
State (Georgia) 2 of 2
Country (United States) 77 of 85
Year (2022) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-29 Linkage

Burlington, Massachusetts, United States

Linkage offers a variety of leadership training programs for senior and high potential executives of large companies, covering such areas as organizational development, innovation, team assessment and women in leadership. Linkage was founded in 1988 and is based in Burlington, Massachusetts.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-29 Unisorb

Michigan Center, Michigan, United States

Unisorb is a provider of highly-engineered products that are mission-critical for the optimum performance and useful life of machinery installation systems. The company's products anchor, align, level, or isolate equipment and machinery from vibrations. Unisorb was formed in 1935 and is based in Michigan Center, Michigan.

Buy -