Argosy Private Equity Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, Argosy Private Equity has acquired 8 companies.

Argosy Private Equity’s most common sectors for investment aremanufacturing (17%) and business services (13%) . The Firm’s most common investment types include buyout (lbo, mbo, mbi) (62%) and growth capital (14%). In total, Argosy Private Equity has invested in 27 US states. Its largest (disclosed) acquisition occurred in 2016 when it acquired Nationwide Industries for $22M.

In the last 3 years, Argosy Private Equity has exited 8 companies. The Firm’s most common exit type is trade sale (71%). Argosy Private Equity’s largest (disclosed) exit occurred in 2018 when it sold Quantum Global Technologies for $400M.

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M&A Summary

  • M&A Total Activity124
    • M&A Buy Activity80
    • M&A Sell Activity44
  • Total Sectors Invested 31
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 60
  • M&A Advisors 3

Argosy Private Equity

950 West Valley Road, Suite 2900,
Wayne, Pennsylvania 19087-1845
United States
(610) 971-9685
www.argosycapital.com/private-equity
info@argosycapital.com

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.


Investment Criteria

Sectors of Interest: Aerospace, Apparel/Textiles, Automotive, Building Materials, Business Services, Chemicals, Communications, Construction, Consumer Products, Defense, Distribution, Education, Electrical Equipment, Electronics, Energy Services and Equipment, Engineering, Environmental, Financial Services, Food, Forest Products, Franchising, Furniture, Healthcare Services, Information Technology, Machinery, Manufacturing, Marketing, Media, Metals/Mining, Oil/Gas Exploration, Packaging, Plastics, Restaurants, Software, Technology Hardware, Transportation, Utilities

Target Transaction Types: Buyout (LBO, MBO, MBI), Growth Capital, Recapitalization, Secondary Buyout

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

Transaction Criteria Min Max
Target Revenue 15 100
Target EBITDA 3 9
Investment Size 5 20
Enterprise Value - -
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '18 '19 '20 '21 '22 '23 T
Buy (2.2/yr) # 69 3 - - 3 5 80
vol $63M $63M
Sell (1.8/yr) # 35 1 2 4 2 - 44
vol $1.2B $25M $1.2B
  124

Most Recent M&A

Company Date Value Type
Barco Products Co. 2023-08-01 - Buyout (LBO, MBO, MBI)
Batavia, Illinois · www.barcoproducts.com
Richwood Industries, Inc. 2023-05-03 - Buyout (LBO, MBO, MBI)
Grand Rapids, Michigan · www.richwoodind.com
Diverse Logistics & Distribution, Inc. 2023-05-01 - Buyout (LBO, MBO, MBI)
Tampa, Florida · www.elitediverse.com
Burco, Inc. 2023-04-14 - Buyout (LBO, MBO, MBI)
Grand Rapids, Michigan · www.burcoinc.com
Vacuum Truck Rental Co. 2023-03-15 - Buyout (LBO, MBO, MBI)
Louisville, Kentucky · www.vac2go.com
Unisorb Installation Technologies 2022-12-29 - Buyout (LBO, MBO, MBI)
Michigan Center, Michigan · www.unisorb.com
Best Warehousing & Transportation, Inc. 2022-11-29 - Buyout (LBO, MBO, MBI)
Atlanta, Georgia · www.bestwtc.com
Asia America Corp. 2022-09-16 - Trade Sale
Charlotte, North Carolina · www.componentsourcing.com
Linx Technologies, Inc. 2022-07-13 - Trade Sale
Merlin, Oregon · www.linxtechnologies.com
AM-GPP Holdings LLC 2022-01-13 - Buyout (LBO, MBO, MBI)
Lawrenceville, Georgia · www.globalpowerproducts.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Library Systems & Services LLC 2015-01-26 LAC Federal 2021-11-08 1
Riverside, California · www.lsslibraries.com Los Angeles, California
Ranger Aerospace LLC 2014-08-14 ACL AirShop LLC 2021-04-22 1
Greenville, South Carolina · www.rangeraerospace.com Greenville, South Carolina · www.aclairshop.com
Olympia Chimney Supply, Inc. 2012-05-15 Copperfield Chimney Supply, Inc. 2019-01-03 2
Scranton, Pennsylvania · www.olympiachimney.com Fairfield, Iowa · www.copperfield.com
Caldwell Consumer Health LLC 2008-08-29 The Natural Dentist, Inc. 2010-02-23 1
Madison, New Jersey · www.revivepersonalproducts.com Medford, Massachusetts

M&A by Sector

Sector Current # Value All-time # Value
Manufacturing 2 (6%) - 13 (16%) -
Business Services 5 (14%) - 10 (13%) -
Building Materials 2 (6%) - 7 (9%) 22M (35%)
Transportation 3 (9%) - 5 (6%) -
Aerospace 1 (3%) - 4 (5%) -
Consumer Products 3 (9%) - 4 (5%) -
Electrical Equipment 2 (6%) - 3 (4%) -
Food - - 3 (4%) -
Distribution - - 2 (3%) 22M (35%)
Automotive 1 (3%) - 2 (3%) 19M (30%)
Defense 2 (6%) - 2 (3%) -
Environmental 1 (3%) - 2 (3%) -
Forest Products 1 (3%) - 2 (3%) -
Furniture 2 (6%) - 2 (3%) -
Plastics 2 (6%) - 2 (3%) -
Technology Hardware - - 2 (3%) -
Apparel/Textiles - - 1 (1%) -
Chemicals - - 1 (1%) -
Communications 1 (3%) - 1 (1%) -
Education 1 (3%) - 1 (1%) -
Electronics - - 1 (1%) -
Energy Services and Equipment - - 1 (1%) -
Franchising 1 (3%) - 1 (1%) -
Healthcare Services 1 (3%) - 1 (1%) -
Machinery - - 1 (1%) -
Media 1 (3%) - 1 (1%) -
Metals/Mining - - 1 (1%) -
Oil/Gas Exploration 1 (3%) - 1 (1%) -
Packaging - - 1 (1%) -
Software 1 (3%) - 1 (1%) -
Utilities 1 (3%) - 1 (1%) -
Total 35 - 80 $63M

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 35 (100%) - 80 (100%) 63M (100%)
  Pennsylvania 7 (20%) - 16 (20%) 41M (65%)
  Michigan 4 (11%) - 8 (10%) -
  Texas 2 (6%) - 7 (9%) -
  New York 2 (6%) - 5 (6%) -
  California 2 (6%) - 4 (5%) -
  New Jersey 2 (6%) - 4 (5%) -
  Kentucky 3 (9%) - 3 (4%) -
  Massachusetts 2 (6%) - 3 (4%) -
  Tennessee 1 (3%) - 3 (4%) -
  Georgia 2 (6%) - 2 (3%) -
  Illinois 2 (6%) - 2 (3%) -
  Florida 1 (3%) - 2 (3%) 22M (35%)
  South Carolina 1 (3%) - 2 (3%) -
  Minnesota 1 (3%) - 2 (3%) -
  Wisconsin - - 2 (3%) -
  Oregon - - 2 (3%) -
  Ohio - - 2 (3%) -
  North Carolina - - 2 (3%) -
  Connecticut 1 (3%) - 1 (1%) -
  Utah 1 (3%) - 1 (1%) -
  Oklahoma 1 (3%) - 1 (1%) -
  Arizona - - 1 (1%) -
  Alabama - - 1 (1%) -
  West Virginia - - 1 (1%) -
  Vermont - - 1 (1%) -
  Rhode Island - - 1 (1%) -
  Maine - - 1 (1%) -
Total 35 - 80 $63M

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 22 (63%) - 49 (61%) 22M (35%)
Growth Capital 6 (17%) - 11 (14%) -
Secondary Buyout 5 (14%) - 10 (13%) -
Recapitalization 2 (6%) - 6 (8%) -
Divestiture - - 2 (3%) 41M (65%)
Consolidation - - 1 (1%) -
Venture - - 1 (1%) -
Total 35 - 80 $63M

Exits by Deal Type

Type Total # Value
Trade Sale 22 (50%) 28M (2%)
Trade Sale - Public Company 10 (23%) 1.2B (98%)
Secondary Sale 9 (20%) -
Bankruptcy 2 (5%) -
Sold to Management 1 (2%) -
Total 44 $1.2B

Top M&A Advisors

Financial Deals
TM Capital Corp.
 1
Legal Deals
Cozen O'Connor
 1
DLA Piper
 1

Deal Values

buy # Total
< $100M 3 $63M
TOTAL $63M
Largest Nationwide Industries, Inc.
$22M (2016-02-11)
sell # Total
$100M to $1B 5 $1.1B
< $100M 3 $83M
TOTAL $1.2B
Largest Quantum Global Technologies LLC
$400M (2018-07-24)

M&A Connections

Deals
Acquired from
Investor(s)
16%
13 (16%)
Strategic(s)
3%
2 (3%)
Exited to
Investor(s)
20%
9 (20%)
Strategic(s)
70%
31 (70%)

Investor Summary

Investor Type

Private Equity Firm

Size

Middle-Market

PE Assets

575M USD

Established

1990

Specialist/Generalist

Generalist

Leadership

Sarah Roth

CEO

Kirk Griswold

Founding Partner

John Paul Kirwin, III

Founding Partner & Executive Chairman

Lane Wiggers

Managing Director & Operating Partner

Steven Morgenthal

Managing Director & Operating Partner

FAQ

When was Argosy Private Equity founded?

Argosy Private Equity was founded in 1990.

What type of investor is Argosy Private Equity?

Argosy Private Equity is a private equity firm.

Where is Argosy Private Equity headquartered?

Argosy Private Equity is headquartered in Wayne, Pennsylvania.

How much capital does Argosy Private Equity have under management?

Argosy Private Equity has 575M USD under management.

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