Buyout (LBO, MBO, MBI) • Construction

Argonaut Private Equity Acquires American Cementing

On September 1, 2020, private equity firm Argonaut Private Equity acquired construction company American Cementing

Acquisition Context

This is Argonaut Private Equity’s 2nd transaction in the Construction sector.
This is Argonaut Private Equity’s 21st transaction in the United States.
This is Argonaut Private Equity’s 6th transaction in Oklahoma.

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M&A Deal Summary
Date	September 1, 2020
Target	American Cementing
Sector	Construction
Buyer(s)	Argonaut Private Equity
Deal Type	Buyout (LBO, MBO, MBI)

Target Company

American Cementing

Tulsa, Oklahoma, United States

American Cementing is a provider of cementing services for the oil & gas industry with an established footprint in nearly every oil & gas basin throughout the United States. The Company’s services include in-depth laboratory testing, precise blending at the bulk plant and dependable mixing & pumping operations at the wellsite. American Cementing was founded in 1872 and is based in Tulsa, Oklahoma.

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Buyer Overview 1

Buyer

Argonaut Private Equity

Investor Investor

Category	Private Equity Firm
Founded	2002
PE ASSETS	2.0B USD
Size	Large
Type	Sector Agnostic

DESCRIPTION

Argonaut Private Equity is a private equity firm focused on control investments in entrepreneur and family-owned businesses headquartered in the middle region of the US. The Firm seeks industrial oriented manufacturing, distribution, and service companies with revenue between $20 and $300 million and EBITDA between $5 and $50 million. Argonaut typically commits $15 to $100 million per transaction to support buy-outs, distressed and special situations, growth needs, and divestitures. Argonaut Private Equity was founded in 2002 and is based in Tulsa, Oklahoma.

Deal Context for Buyer	#
Overall	21 of 37
Sector: Construction	2 of 4
Type: Buyout (LBO, MBO, MBI)	10 of 21
State: Oklahoma	6 of 11
Country: United States	21 of 37
Year: 2020	3 of 3

PREVIOUS DEAL

DATE	TARGET	DEAL TYPE	VALUE
2020-06-10	Flash Networks Neptune, New Jersey, United States Flash Networks is a provider of optimization solutions that enable telecommunications operators to improve Radio Access Network spectral efficiency, boost network speed, optimize video and web traffic, and generate over-the-top revenues from the mobile internet. Flash Networks was formed in 1996 and is based in Neptune, New Jersey.	Sell	-

DATE

TARGET

DEAL TYPE

VALUE

2020-06-10

Flash Networks

Neptune, New Jersey, United States

Flash Networks is a provider of optimization solutions that enable telecommunications operators to improve Radio Access Network spectral efficiency, boost network speed, optimize video and web traffic, and generate over-the-top revenues from the mobile internet. Flash Networks was formed in 1996 and is based in Neptune, New Jersey.

Sell

FOLLOWING DEAL

DATE	TARGET	DEAL TYPE	VALUE
2021-03-22	American Well Services Midland, Texas, United States American Well Services provides well service rigs for workover or completions operations and well site support services including, fluid transfer, hot oiling, frac tank rental, and wellsite construction. American Well Services is based in Midland, Texas.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2021-03-22

American Well Services

Midland, Texas, United States

American Well Services provides well service rigs for workover or completions operations and well site support services including, fluid transfer, hot oiling, frac tank rental, and wellsite construction. American Well Services is based in Midland, Texas.

Buy

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