Argosy Private Equity Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, Argosy Private Equity has acquired 12 companies. It has also invested in 2 others.

Argosy Private Equity’s most common sectors for investment aremanufacturing (15%) and business services (14%) . The Firm’s most common investment types include buyout (lbo, mbo, mbi) (61%) and growth capital (16%). In total, Argosy Private Equity has invested in 29 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 15 companies. The Firm’s most common exit type is trade sale (73%). 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 Activity142
    • M&A Buy Activity88
    • M&A Sell Activity54
  • Total Sectors Invested 34
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 69
  • M&A Advisors 3

Argosy Private Equity

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, Automotive, Building Materials, Business Services, Chemicals, Communications, Construction, Consumer Products, Defense, Distribution, Electrical Equipment, Electronics, Engineering, Environmental, Financial Services, Franchising, Furniture, Healthcare Services, Information Technology, Machinery, Manufacturing, Media, Oil/Gas Exploration, Packaging, Plastics, 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 10 100
Target EBITDA 3 10
Investment Size 10 30
Enterprise Value - -
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (3.0/yr) # 73 1 1 4 6 3 88
vol $63M $63M
Sell (3.6/yr) # 36 3 9 3 1 2 54
vol $1.2B $25M $1.2B
  142

Most Recent M&A

Company Date Value Type
Southerland, Inc. 2024-12-16 - Trade Sale
Nashville, Tennessee · www.southerlandsleep.com
Heavy Equipment Colleges of America 2024-12-09 - Secondary Buyout
San Bernardino, California · www.heavyequipmentcollege.com
Rita’s Franchise Company LLC 2024-11-26 - Unknown
Trevose, Pennsylvania · www.ritasice.com
Western Peaks Logistics 2024-11-12 - Growth Capital
Salt Lake City, Utah · www.westernpeakslogistics.com
Federal Rent-A-Fence LLC 2024-04-17 - Buyout (LBO, MBO, MBI)
West Berlin, New Jersey · www.federalrentafence.com
Wize Solutions, Inc. 2023-12-14 - Buyout (LBO, MBO, MBI)
West Valley City, Utah · www.wizesolutions.com
SinterFire, Inc. 2023-08-25 - Trade Sale
Kersey, Pennsylvania · www.sinterfire.com
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
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
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 (15%) -
Business Services 4 (13%) - 12 (14%) -
Building Materials 1 (3%) - 7 (8%) 22M (35%)
Transportation 4 (13%) - 6 (7%) -
Aerospace 1 (3%) - 4 (5%) -
Consumer Products 2 (6%) - 4 (5%) -
Electrical Equipment 2 (6%) - 3 (3%) -
Food - - 3 (3%) -
Distribution - - 2 (2%) 22M (35%)
Automotive 1 (3%) - 2 (2%) 19M (30%)
Defense 1 (3%) - 2 (2%) -
Education 1 (3%) - 2 (2%) -
Environmental - - 2 (2%) -
Forest Products 1 (3%) - 2 (2%) -
Furniture 1 (3%) - 2 (2%) -
Machinery 1 (3%) - 2 (2%) -
Plastics 1 (3%) - 2 (2%) -
Technology Hardware - - 2 (2%) -
Apparel/Textiles - - 1 (1%) -
Chemicals - - 1 (1%) -
Communications 1 (3%) - 1 (1%) -
Construction 1 (3%) - 1 (1%) -
Electronics - - 1 (1%) -
Energy Services and Equipment - - 1 (1%) -
Franchising 1 (3%) - 1 (1%) -
Healthcare Services 1 (3%) - 1 (1%) -
Media - - 1 (1%) -
Medical Products 1 (3%) - 1 (1%) -
Metals/Mining - - 1 (1%) -
Oil/Gas Exploration 1 (3%) - 1 (1%) -
Packaging - - 1 (1%) -
Safety/Security 1 (3%) - 1 (1%) -
Software 1 (3%) - 1 (1%) -
Utilities 1 (3%) - 1 (1%) -
Total 32 - 88 $63M

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 32 (100%) - 88 (100%) 63M (100%)
  Pennsylvania 3 (9%) - 17 (19%) 41M (65%)
  Michigan 4 (13%) - 8 (9%) -
  Texas 2 (6%) - 7 (8%) -
  New Jersey 3 (9%) - 5 (6%) -
  California 2 (6%) - 5 (6%) -
  New York - - 5 (6%) -
  Utah 3 (9%) - 3 (3%) -
  Kentucky 2 (6%) - 3 (3%) -
  Ohio 1 (3%) - 3 (3%) -
  Massachusetts 1 (3%) - 3 (3%) -
  Tennessee - - 3 (3%) -
  Illinois 2 (6%) - 2 (2%) -
  Georgia 2 (6%) - 2 (2%) -
  Florida 1 (3%) - 2 (2%) 22M (35%)
  South Carolina 1 (3%) - 2 (2%) -
  Minnesota 1 (3%) - 2 (2%) -
  Wisconsin - - 2 (2%) -
  Oregon - - 2 (2%) -
  North Carolina - - 2 (2%) -
  Connecticut 1 (3%) - 1 (1%) -
  Oklahoma 1 (3%) - 1 (1%) -
  Maryland 1 (3%) - 1 (1%) -
  Kansas 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 32 - 88 $63M

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 21 (66%) - 53 (60%) 22M (35%)
Growth Capital 5 (16%) - 14 (16%) -
Secondary Buyout 5 (16%) - 11 (13%) -
Recapitalization 1 (3%) - 6 (7%) -
Divestiture - - 2 (2%) 41M (65%)
Consolidation - - 1 (1%) -
Venture - - 1 (1%) -
Total 32 - 88 $63M

Exits by Deal Type

Type Total # Value
Trade Sale 29 (54%) 28M (2%)
Trade Sale - Public Company 11 (20%) 1.2B (98%)
Secondary Sale 9 (17%) -
Bankruptcy 2 (4%) -
Unknown 2 (4%) -
Sold to Management 1 (2%) -
Total 54 $1.2B

Top M&A Advisors

Financial Deals
TM Capital
 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%
14 (16%)
Strategic(s)
2%
2 (2%)
Exited to
Investor(s)
17%
9 (17%)
Strategic(s)
72%
39 (72%)

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

Steven Morgenthal

Executive Managing Partner

Lane Wiggers

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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