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M&A Deal Summary

Argonaut Private Equity Acquires Hammer & Steel

On August 27, 2024, private equity firm Argonaut Private Equity acquired distribution company Hammer & Steel

Acquisition Highlights
  • This is Argonaut Private Equity’s 3rd transaction in the Distribution sector.
  • This is Argonaut Private Equity’s 36th transaction in the United States.
  • This is Argonaut Private Equity’s 1st transaction in Missouri.

M&A Deal Summary
Date 2024-08-27
Target Hammer & Steel
Sector Distribution
Buyer(s) Argonaut Private Equity
Deal Type Buyout (LBO, MBO, MBI)

Target

Hammer & Steel

Hazelwood, Missouri, United States
Hammer & Steel is a supplier of pile driving, drilling equipment, and piling products for construction sites throughout the U.S. and Canada. The company sells and rents equipment from an extensive portfolio of pile drivers, diesel hammers, drill rigs, and other piling products from the top manufacturers. Hammer & Steel was founded in 1989 and is based in Hazelwood, Missouri.

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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 36 of 38
Sector: Distribution M&A 3 of 3
Type: Buyout (LBO, MBO, MBI) M&A Deals 20 of 22
State: Missouri M&A 1 of 1
Country: United States M&A 36 of 38
Year: 2024 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-31 Layco Electric Innovations

Tulsa, Oklahoma, United States

Layco Electric Innovations manufactures a wide range of engineered control panel products that include enclosed control buildings, fuel racks, control centers, switch racks, and transformers. The Company also specializes in troubleshooting and repairing electric motors, servomotors, and motor controllers from nearly all blue chip manufacturers. Layco Electric Innovations was founded in 1945 and is based in Tulsa, Oklahoma.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-01 FabTech-IGM

Libertyville, Illinois, United States

FabTech-IGM is a contract manufacturer serving gaming, industrial, and medical end markets. The company specializes in sheet metal fabrication, printed circuit board assembly, electromechanical assembly, and value-added integration. FabTech-IGM is based in Libertyville, Illinois.

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