M&A Deal Summary

Argonaut Private Equity Acquires Miller Contracting

On February 10, 2022, private equity firm Argonaut Private Equity acquired construction company Miller Contracting

Acquisition Highlights
  • This is Argonaut Private Equity’s 3rd transaction in the Construction sector.
  • This is Argonaut Private Equity’s 29th transaction in the United States.
  • This is Argonaut Private Equity’s 2nd transaction in Illinois.

M&A Deal Summary

Date 2022-02-10
Target Miller Contracting
Sector Construction
Buyer(s) Argonaut Private Equity
Deal Type Buyout (LBO, MBO, MBI)

Target

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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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 29 of 38
Sector: Construction M&A 3 of 4
Type: Buyout (LBO, MBO, MBI) M&A Deals 17 of 22
State: Illinois M&A 2 of 3
Country: United States M&A 29 of 38
Year: 2022 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-01 Petroplex

Lovington, New Mexico, United States

Petroplex is a provider of acid stimulation services for energy customers. It also provides proprietary calcium sulfate / paraffin dissolving chemicals such as Petrosol X-25, custom hydrochloric acid blends, anti-sludge systems, and a complete line of other oil field stimulation blends and chemicals. Petroplex was founded in 1981 and is based in Lovington, New Mexico.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-04 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.

Buy -