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Investment Summary

Argonaut Private Equity Invests In Layco Electric Innovations

On July 31, 2024, private equity firm Argonaut Private Equity invested in electrical equipment company Layco Electric Innovations

Investment Highlights
  • This is Argonaut Private Equity’s 1st transaction in the Electrical Equipment sector.
  • This is Argonaut Private Equity’s 35th transaction in the United States.
  • This is Argonaut Private Equity’s 10th transaction in Oklahoma.

Investment Summary
Date 2024-07-31
Target Layco Electric Innovations
Sector Electrical Equipment
Investor(s) Argonaut Private Equity
Deal Type Growth Capital

Target

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.

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Investor(S) 1

Investor

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 35 of 38
Sector: Electrical Equipment M&A 1 of 1
Type: Growth Capital M&A Deals 5 of 5
State: Oklahoma M&A 10 of 11
Country: United States M&A 35 of 38
Year: 2024 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-08 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.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-27 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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