Investment Summary

Anvil Capital and Argosy Private Equity Invest In Enefco USA

On June 17, 2011, private equity firms Anvil Capital and Argosy Private Equity invested in manufacturer Enefco USA

Investment Highlights
  • This is Anvil Capital’s 2nd and Argosy Private Equity’s 8th transaction in the Manufacturing sector.
  • This is Anvil Capital’s 5th and Argosy Private Equity’s 38th transaction in the United States.
  • This is Anvil Capital’s 1st and Argosy Private Equity’s 1st transaction in Maine.

Investment Summary

Date 2011-06-17
Target Enefco USA
Sector Manufacturing
Investor(s) Anvil Capital
Argosy Private Equity
Deal Type Growth Capital
Advisor(s) Consilium Partners (Financial)

Target

Enefco USA

Auburn, Maine, United States
Enefco USA is a manufacturer of cleaning cards, cosmetic foam applicators, leatherboard shoe counters, and industrial dies. Enefco USA was founded in 1973 and is based in Auburn, Maine.

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Investor(S) 2

Investor

Anvil Capital

Boston, Massachusetts, United States

Investor Investor


Category Private Equity Firm
Founded 2002
Size Small
Type Sector Agnostic
DESCRIPTION

Anvil Capital is a private investment firm that seeks equity investments in established, privately held businesses. The Firm pursues companies with revenues of $8 to $20 million and EBITDA between $1 and $3 million. Anvil looks for businesses with significant organic and acquisition growth opportunities. Funds are generally used to support generational transitions of family businesses, recapitalizations, industry consolidations, and corporate divestitures. Anvil avoids investing in companies that are turnarounds, early stage, or operate in the industries of high technology, real estate, and healthcare. Anvil Capital was formed in 2002 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 5 of 9
Sector: Manufacturing M&A 2 of 3
Type: Growth Capital M&A Deals 2 of 3
State: Maine M&A 1 of 1
Country: United States M&A 5 of 9
Year: 2011 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-02-17 GenServe

Plainview, New York, United States

GenServe is an independent provider of scheduled and emergency power generator maintenance, repair and sales in the North Atlantic region serving commercial customers in various industries. GenServe was formed in 1990 and is headquartered in Plainview, New York.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-07 Air Temp Mechanical Services

Berlin, Connecticut, United States

Air Temp Mechanical Services is a HVAC service providers. Air Temp Mechanical Services operates as a full-service mechanical contractor with an emphasis on design-build, service, maintenance, controls, retrofits, replacements, and energy management systems. Air Temp Mechanical Services was founded in 1978 and is based in Berlin, Connecticut.

Buy -
Investor

Argosy Private Equity

Wayne, Pennsylvania, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1990
PE ASSETS 575M USD
Size Middle-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 38 of 88
Sector: Manufacturing M&A 8 of 13
Type: Growth Capital M&A Deals 5 of 15
State: Maine M&A 1 of 1
Country: United States M&A 38 of 88
Year: 2011 M&A 6 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-24 Quantum Global Technologies

Dublin, Pennsylvania, United States

Quantum Global Technologies LLC is a provider of ultra-high purity outsourced parts cleaning (OPC), process tool part recoating, surface treatment and analytical services to the semiconductor and related industries. Quantum Global Technologies was founded in 2000 and is based in Dublin, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-22 CRS Reprocessing Services

Louisville, Kentucky, United States

CRS Reprocessing Services is a provider of fluid reprocessing management, offering people, technology and services to efficiently handle industrial fluids for a variety of industries. CRS Reprocessing Services was founded in 1981 and is based in Louisville, Kentucky.

Buy -