Argosy Private Equity Mergers and Acquisitions Summary

Private Equity Profile

In the last 3 years, Argosy Private Equity has acquired 1 company.

Argosy Private Equity’s most common sectors for investment are manufacturing (24%) and business services (14%). The Firm’s most common investment types include buyout (lbo, mbo, mbi) (52%) and secondary buyout (19%). 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 7 companies. The Firm’s most common exit type is trade sale (68%). 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 Activity91
    • M&A Buy Activity60
    • M&A Sell Activity31
  • Total Sectors Invested 28
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 64
  • M&A Advisors 1

Argosy Private Equity

950 West Valley Road, Suite 2900,
Wayne, Pennsylvania 19087-1845
United States,
(610)971-9685
www.argosyprivateequity.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, Automotive, Building Materials, Business Services, Chemicals, Consumer Products, Distribution, Electrical Equipment, Electronics, Energy Services and Equipment, Financial Services, Franchising, Healthcare Services, Machinery, Manufacturing, Marketing

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

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 ≤ '15 '16 '17 '18 '19 '20 T
Buy (0.8/yr) # 56 1 1 2 - - 60
vol $41M $22M $63M
Sell (1.6/yr) # 23 1 - 7 - - 31
vol $624M $530M $1.2B
  91

Most Recent M&A

Company Date Value Type
Roll-Rite LLC 2018-11-30 - Add-on Acquisition
Alger, Michigan · www.rollrite.com
AUC Group LP 2018-11-01 130M USD Add-on Acquisition
Houston, Texas · www.aucgrouplp.com
Anderson Cargo Services LLC 2018-10-24 - Buyout (LBO, MBO, MBI)
Eagan, Minnesota · www.andersoncargo.com
Capewell Components Company LLC 2018-09-13 - Secondary Buyout
South Windsor, Connecticut · www.capewell.com
Quantum Global Technologies LLC 2018-07-24 400M USD Add-on Acquisition
Dublin, Pennsylvania · www.quantumclean.com
Simkar Corp. 2018-05-30 - Add-on Acquisition
Philadelphia, Pennsylvania · www.simkar.com
Generator Holding Corp. 2018-04-16 - Secondary Buyout
Bay Shore, New York · www.genserveinc.com
Nationwide Industries, Inc. 2018-03-19 - Secondary Buyout
Tampa, Florida · www.nationwideindustries.com
U-C Coatings Corp. 2018-01-10 - Secondary Buyout
Buffalo, New York · www.uccoatings.com
Rita's Franchise Co. 2017-01-03 - Secondary Buyout
Trevose, Pennsylvania · www.ritasice.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Great Western Leasing & Sales LLC 2015-10-13 All Points Equipment Leasing LLC 2018-12-26 3
Fontana, California · www.greatwesternleasing.com Dearborn, Michigan
American Leather Operations LLC 2012-07-23 Brookline Furniture Co. 2017-12-18 1
Dallas, Texas · www.americanleather.com High Point, North Carolina · www.brooklinefurniture.com
Sussex Wire, Inc. 2012-05-31 Marox Corp. 2017-03-20 1
Easton, Pennsylvania · www.sussexwire.com Holyoke, Massachusetts · www.marox.com
Great Western Leasing & Sales LLC 2015-10-13 Quality Trailer Sales 2017-01-05 2
Fontana, California · www.greatwesternleasing.com Albuquerque, New Mexico · www.qualitytrailersales.com
Great Western Leasing & Sales LLC 2015-10-13 Pacific Truck and Trailer, Inc. 2016-07-19 1
Fontana, California · www.greatwesternleasing.com Grants Pass, Oregon · www.pacifictruckandtrailer.com
Ranger Aerospace LLC 2014-08-14 ACL AirShop, Inc. 2016-03-30 2
Greenville, South Carolina · www.rangeraerospace.com Easley, South Carolina · www.aclairshop.com
HB&G Building Products, Inc. 1998-02-01 Crown Column & Millwork Company LLC 2015-11-06 2
Troy, Alabama · www.hbgcolumns.com Attalla, Alabama · www.crowncolumn.com
Ranger Aerospace LLC 2014-08-14 InTech Aerospace LLC 2015-04-17 1
Greenville, South Carolina · www.rangeraerospace.com Houston, Texas · www.intechaero.com
Brillcast, Inc. 2013-09-17 Sensus Precision Die Casting, Inc. 2014-10-31 1
Wyoming, Michigan · www.brillcast.com Russellville , Kentucky · www.sensus.com
Revive Personal Products Co. 2008-08-29 The Natural Dentist, Inc. 2010-02-23 1
Madison, New Jersey · www.revivepersonalproducts.com Medford, Massachusetts · www.revivepersonalproducts.com

M&A by Sector

Sector Current # Value All-time # Value
Manufacturing 7 (23%) - 14 (23%) -
Business Services 3 (10%) - 8 (13%) -
Building Materials 2 (7%) - 5 (8%) 22M (35%)
Aerospace 2 (7%) - 4 (7%) -
Distribution 1 (3%) - 2 (3%) 22M (35%)
Chemicals 1 (3%) - 2 (3%) -
Electrical Equipment 1 (3%) - 2 (3%) -
Food - - 2 (3%) -
Technology Hardware 2 (7%) - 2 (3%) -
Automotive - - 1 (2%) 19M (30%)
Apparel/Textiles 1 (3%) - 1 (2%) -
Consumer Products - - 1 (2%) -
Defense 1 (3%) - 1 (2%) -
Education 1 (3%) - 1 (2%) -
Electronics - - 1 (2%) -
Energy Services and Equipment - - 1 (2%) -
Environmental - - 1 (2%) -
Forest Products - - 1 (2%) -
Franchising 1 (3%) - 1 (2%) -
Furniture 1 (3%) - 1 (2%) -
Healthcare Services 1 (3%) - 1 (2%) -
Machinery - - 1 (2%) -
Media 1 (3%) - 1 (2%) -
Metals/Mining 1 (3%) - 1 (2%) -
Oil/Gas Exploration 1 (3%) - 1 (2%) -
Packaging - - 1 (2%) -
Software 1 (3%) - 1 (2%) -
Transportation 1 (3%) - 1 (2%) -
Total 30 - 60 $63M

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 30 (100%) - 60 (100%) 63M (100%)
  Pennsylvania 6 (20%) - 15 (25%) 41M (65%)
  Texas 4 (13%) - 6 (10%) -
  New York 1 (3%) - 5 (8%) -
  New Jersey 1 (3%) - 3 (5%) -
  Minnesota 2 (7%) - 2 (3%) -
  Massachusetts 2 (7%) - 2 (3%) -
  Oregon 1 (3%) - 2 (3%) -
  North Carolina 1 (3%) - 2 (3%) -
  Michigan 1 (3%) - 2 (3%) -
  California 1 (3%) - 2 (3%) -
  South Carolina 1 (3%) - 2 (3%) -
  Wisconsin - - 2 (3%) -
  Oklahoma 1 (3%) - 1 (2%) -
  Ohio 1 (3%) - 1 (2%) -
  Maryland 1 (3%) - 1 (2%) -
  Maine 1 (3%) - 1 (2%) -
  Kentucky 1 (3%) - 1 (2%) -
  Illinois 1 (3%) - 1 (2%) -
  Connecticut 1 (3%) - 1 (2%) -
  Alabama 1 (3%) - 1 (2%) -
  Utah 1 (3%) - 1 (2%) -
  Florida - - 1 (2%) 22M (35%)
  Rhode Island - - 1 (2%) -
  Arizona - - 1 (2%) -
  West Virginia - - 1 (2%) -
  Vermont - - 1 (2%) -
  Tennessee - - 1 (2%) -
Total 30 - 60 $63M

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 13 (43%) - 31 (52%) 22M (35%)
Secondary Buyout 8 (27%) - 11 (18%) -
Growth Capital 5 (17%) - 7 (12%) -
Recapitalization 3 (10%) - 6 (10%) -
Divestiture - - 2 (3%) 41M (65%)
Acquisition Financing 1 (3%) - 1 (2%) -
Consolidation - - 1 (2%) -
Venture - - 1 (2%) -
Total 30 - 60 $63M

Exits by Deal Type

Type Total # Value
Trade Sale 14 (45%) 28M (2%)
Trade Sale - Public Company 8 (26%) 1.1B (98%)
Secondary Sale 8 (26%) -
Sold to Management 1 (3%) -
Total 31 $1.2B

Top M&A Advisors

Legal Deals
DLA Piper
1

Deal Values

buy # Total
< $100M 3 $63M
TOTAL $63M
Largest Nationwide Industries, Inc.
$22M (2016-02-12)
sell # Total
$100M to $1B 5 $1.1B
< $100M 2 $58M
TOTAL $1.2B
Largest Quantum Global Technologies LLC
$400M (2018-07-24)

M&A Connections

Deals %
Acquired from
PE Firm(s)
91%
21 91%
Strategic(s)
9%
2 9%
Exited to
PE Firm(s)
32%
10 32%
Strategic(s)
68%
21 68%