Argosy Private Equity Mergers and Acquisitions Summary

Private Equity Profile

In the last 3 years, Argosy Private Equity has acquired 4 companies. It has also invested in 1 other.

Argosy Private Equity’s most common sectors for investment are manufacturing (18%) and business services (13%). The Firm’s most common investment types include buyout (lbo, mbo, mbi) (56%) and growth capital (16%). In total, Argosy Private Equity has invested in 26 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 11 companies. The Firm’s most common exit type is trade sale (69%). 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 Activity108
    • M&A Buy Activity70
    • M&A Sell Activity38
  • Total Sectors Invested 30
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 67
  • 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, 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 ≤ '15 '16 '17 '18 '19 '20 T
Buy (2.2/yr) # 59 3 3 3 2 - 70
vol $41M $22M $63M
Sell (2.4/yr) # 26 1 - 8 1 2 38
vol $624M $530M $1.2B
  108

Most Recent M&A

Company Date Value Type
Kmco LLC 2020-06-01 - Add-on Acquisition
Houston, Texas · www.kmcoinc.com
Flow Dry Technology, Inc. 2020-02-06 - Add-on Acquisition
Brookville, Ohio · www.flowdry.com
Groome Industrial Service Group 2019-09-20 - Buyout (LBO, MBO, MBI)
Fairfield, New Jersey · www.groomeindustrial.com
Sussex Wire, Inc. 2019-04-13 - Add-on Acquisition
Easton, Pennsylvania · www.sussexwire.com
Walpole Outdoors LLC 2019-02-26 - Buyout (LBO, MBO, MBI)
Norwood, Massachusetts · www.walpoleoutdoors.com
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, Inc. 2018-10-24 - Buyout (LBO, MBO, MBI)
Saint Paul, Minnesota · www.andersoncargo.com
ECS Environmental Solutions 2018-09-17 - Buyout (LBO, MBO, MBI)
Belton, Texas · www.ecs-env.com
Capewell Aerial Systems LLC 2018-09-07 - Secondary Buyout
Meadows of Dan, Virginia · www.capewellaerialsystems.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Olympia Chimney Supply, Inc. 2012-05-15 Copperfield Chimney Supply, Inc. 2019-01-03 1
Scranton, Pennsylvania · www.olympiachimney.com Fairfield, Iowa · www.copperfield.com
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
Ranger Aerospace LLC 2014-08-14 ACL AirShop LLC 2016-03-30 2
Greenville, South Carolina · www.rangeraerospace.com Greenville, 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 2015-04-16 1
Greenville, South Carolina · www.rangeraerospace.com Houston, Texas · www.intechaero.com
Caldwell Consumer Health LLC 2008-08-29 The Natural Dentist, Inc. 2010-02-23 1
Madison, New Jersey · www.revivepersonalproducts.com Medford, Massachusetts
HB&G Building Products, Inc. 1998-02-01 Turnkey Millwork, Inc. 2006-06-14 1
Troy, Alabama · www.hbgcolumns.com Raleigh, North Carolina · www.turnkeymillwork.com

M&A by Sector

Sector Current # Value All-time # Value
Manufacturing 3 (9%) - 12 (17%) -
Business Services 4 (12%) - 9 (13%) -
Building Materials 4 (12%) - 7 (10%) 22M (35%)
Aerospace 1 (3%) - 4 (6%) -
Consumer Products 2 (6%) - 3 (4%) -
Food - - 3 (4%) -
Distribution 1 (3%) - 2 (3%) 22M (35%)
Defense 2 (6%) - 2 (3%) -
Electrical Equipment 1 (3%) - 2 (3%) -
Environmental 1 (3%) - 2 (3%) -
Furniture 2 (6%) - 2 (3%) -
Plastics 2 (6%) - 2 (3%) -
Technology Hardware 1 (3%) - 2 (3%) -
Transportation 2 (6%) - 2 (3%) -
Automotive - - 1 (1%) 19M (30%)
Apparel/Textiles - - 1 (1%) -
Chemicals - - 1 (1%) -
Education 1 (3%) - 1 (1%) -
Electronics - - 1 (1%) -
Energy Services and Equipment - - 1 (1%) -
Forest Products - - 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 33 - 70 $63M

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 33 (100%) - 70 (100%) 63M (100%)
  Pennsylvania 7 (21%) - 16 (23%) 41M (65%)
  Texas 3 (9%) - 7 (10%) -
  New York 2 (6%) - 5 (7%) -
  Michigan 2 (6%) - 5 (7%) -
  New Jersey 2 (6%) - 4 (6%) -
  Tennessee 2 (6%) - 3 (4%) -
  Massachusetts 2 (6%) - 3 (4%) -
  California 2 (6%) - 3 (4%) -
  South Carolina 1 (3%) - 2 (3%) -
  Oregon 1 (3%) - 2 (3%) -
  North Carolina 1 (3%) - 2 (3%) -
  Minnesota 1 (3%) - 2 (3%) -
  Wisconsin - - 2 (3%) -
  Ohio - - 2 (3%) -
  Virginia 1 (3%) - 1 (1%) -
  Utah 1 (3%) - 1 (1%) -
  Oklahoma 1 (3%) - 1 (1%) -
  Maine 1 (3%) - 1 (1%) -
  Kentucky 1 (3%) - 1 (1%) -
  Illinois 1 (3%) - 1 (1%) -
  Alabama 1 (3%) - 1 (1%) -
  Florida - - 1 (1%) 22M (35%)
  West Virginia - - 1 (1%) -
  Vermont - - 1 (1%) -
  Rhode Island - - 1 (1%) -
  Arizona - - 1 (1%) -
Total 33 - 70 $63M

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 17 (52%) - 39 (56%) 22M (35%)
Growth Capital 8 (24%) - 11 (16%) -
Secondary Buyout 6 (18%) - 10 (14%) -
Recapitalization 2 (6%) - 6 (9%) -
Divestiture - - 2 (3%) 41M (65%)
Consolidation - - 1 (1%) -
Venture - - 1 (1%) -
Total 33 - 70 $63M

Exits by Deal Type

Type Total # Value
Trade Sale 19 (50%) 28M (2%)
Trade Sale - Public Company 8 (21%) 1.1B (98%)
Secondary Sale 8 (21%) -
Bankruptcy 2 (5%) -
Sold to Management 1 (3%) -
Total 38 $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 (2016-02-11)
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%
20 91%
Strategic(s)
9%
2 9%
Exited to
PE Firm(s)
28%
10 28%
Strategic(s)
72%
26 72%

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