M&A Deal Summary

Argonaut Private Equity Acquires Bandera Utility Contractors

On May 4, 2022, private equity firm Argonaut Private Equity acquired construction company Bandera Utility Contractors

Acquisition Highlights
  • This is Argonaut Private Equity’s 3rd transaction in the Construction sector.
  • This is Argonaut Private Equity’s 24th transaction in the United States.
  • This is Argonaut Private Equity’s 8th transaction in Texas.

M&A Deal Summary
Date 2022-05-04
Target Bandera Utility Contractors
Sector Construction
Buyer(s) Argonaut Private Equity
Deal Type Buyout (LBO, MBO, MBI)

Target

Bandera Utility Contractors

McKinney, Texas, United States
Bandera Utility Contractors is an underground, wet utility contractor that provides services to both developers and municipalities across the state of Texas. Primary services include storm sewer, water, sanitary sewer, and duct banks. Bandera Utility Contractors is based in McKinney, Texas.

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Buyer(S) 1

Buyer

Argonaut Private Equity

Investor Investor Investor 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 STATS #
Overall 24 of 26
Sector (Construction) 3 of 3
Type (Buyout (LBO, MBO, MBI)) 12 of 12
State (Texas) 8 of 8
Country (United States) 24 of 26
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-10 Miller Contracting

Carrier Mills, Illinois, United States

Miller Contracting is an innovative contracting services company that delivers projects across the United States in all types of mining. This includes salt, limestone, trona, frac sand, and coal mines, as well as heavy industrial construction for aluminum plants and other manufacturing facilities. Miller Contracting was founded in 2001 and is based in Carrier Mills, Illinois. .

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-09 Center Rock

Berlin, Pennsylvania, United States

Center Rock is an integrated drilling solutions company that manufactures a complete line of pneumatically-driven downhole drilling products (bits & hammers), distributes capital equipment in the form of high-pressure air and booster compressors that power its manufactured drilling components, and offers 24/7 support services. Center Rock was founded in 1998 and is based in Berlin, Pennsylvania.

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