M&A Deal Summary

Argosy Private Equity Acquires Nationwide Industries

On February 11, 2016, private equity firm Argosy Private Equity acquired building materials company Nationwide Industries, Inc. from P&F Industries, Inc. for 22M USD

Acquisition Highlights
  • This is Argosy Private Equity’s 6th transaction in the Building Materials sector.
  • This is Argosy Private Equity’s 1st largest (disclosed) transaction.
  • This is Argosy Private Equity’s 60th transaction in the United States.
  • This is Argosy Private Equity’s 1st transaction in Florida.
Investment Fate
  • Nationwide Industries was sold to a financial buyer in 2018.
  • Nationwide Industries was sold to a strategic buyer in 2021.

M&A Deal Summary

Date 2016-02-11
Target Nationwide Industries, Inc.
Sector Building Materials
Buyer(s) Argosy Private Equity
Sellers(s) P&F Industries, Inc.
Deal Type Divestiture
Deal Value 22M USD

Target

Nationwide Industries, Inc.

Tampa, Florida, United States
website
Nationwide Industries is a designer and manufacturer of quality hardware and components for the building materials industry. Nationwide’s products include a broad line of fence and gate hardware, railing component and infill systems, perimeter security components, custom building materials components sold on an OEM basis, and hardware for the patio industry. Nationwide Industries is based in Tampa, Florida.

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Buyer(S) 1

Buyer

Argosy Private Equity

Wayne, Pennsylvania, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1990
PE ASSETS 575M USD
SizeMiddle-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 60 of 71
Sector (Building Materials) 6 of 7
Type (Divestiture) 2 of 2
State (Florida) 1 of 1
Country (United States) 60 of 71
Year (2016) 1 of 3
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-08 Linx Technologies, Inc.

Merlin, Oregon, United States

Linx Technologies, Inc. provides wireless modules, antennas, connectors, and wireless design services. It offers radio frequency (RF) modules, integrated circuits, OEM RF products, evaluation kits, and master development systems, interface modules, and connectors and cable assemblies. Linx Technologies was founded in 1997 and is based in Merlin, Oregon.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-03 Casual Living Products Unlimited LLC

New Holland, Pennsylvania, United States

Breezesta is a manufacturer of recycled poly-resin outdoor furniture and accessories. Breezesta was founded in 2004 and is based in New Holland, Pennsylvania.

Buy -

Seller(S) 1

SELLER

P&F Industries, Inc.

Melville, New York, United States

website


Category Company
Founded 1959
SectorMachinery
Employees134
Revenue 49M USD (2020)
DESCRIPTION

P&F Industries is an operates though its subsidiaries, Continental Tool Group, Inc. and Countrywide Hardware, Inc., manufactures and/or imports air-powered tools sold principally to the industrial, retail and automotive markets, and various residential hardware such as fencing hardware and door and window hardware primarily to the housing industry. P&F Industries was founded in 1963 and is based in Melville, New York.


DEAL STATS #
Overall 2 of 2
Sector (Building Materials) 2 of 2
Type (Divestiture) 1 of 1
State (Florida) 1 of 1
Country (United States) 2 of 2
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-02 Exhaust Technologies, Inc.

Spokane, Washington, United States

Exhaust Technologies, Inc.'s AIRCAT products incorporate an ergonomically engineered handle design to relieve stress and fatigue on the operator's hands, wrists and arms.

Buy $10M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-06 Jiffy Air Tool, Inc.

Carson City, Nevada, United States

Jiffy Air Tool, Inc. is a manufacturer and distributor pneumatic tools and components, primarily sold to aerospace manufacturers. Jiffy Air Tool was formed in 1940 and is based in Carson City, Nevada.

Buy $7M