M&A Deal Summary

Argonaut Private Equity Acquires FABco

On September 16, 2021, private equity firm Argonaut Private Equity acquired building materials company FABco

Acquisition Highlights
  • This is Argonaut Private Equity’s 1st transaction in the Building Materials sector.
  • This is Argonaut Private Equity’s 22nd transaction in the United States.
  • This is Argonaut Private Equity’s 7th transaction in Texas.

M&A Deal Summary
Date 2021-09-16
Target FABco
Sector Building Materials
Buyer(s) Argonaut Private Equity
Deal Type Buyout (LBO, MBO, MBI)

Target

FABco

Houston, Texas, United States
FABco is a provider of concrete construction materials and supplies including engineered steel rebar and associated construction products. FABco was founded in 2010 and is based in Houston, 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 22 of 26
Sector (Building Materials) 1 of 2
Type (Buyout (LBO, MBO, MBI)) 10 of 12
State (Texas) 7 of 8
Country (United States) 22 of 26
Year (2021) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-02 Crimson Steel Supply

Tulsa, Oklahoma, United States

Crimson Steel Supply is a full-service rebar fabricator, wire mesh supplier, and structural steel components for use mainly in highway and roadway projects. Crimson Steel Supply components include but are not limited to, expansion joints, handrails, and grates. Crimson Steel Supply was founded in 2010 and is based in Tulsa, Oklahoma.

Buy -
FOLLOWING 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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