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Investment Summary

Argonaut Private Equity Invests In Pivot3

On March 15, 2016, private equity firm Argonaut Private Equity invested in software company Pivot3

Investment Highlights
  • This is Argonaut Private Equity’s 1st transaction in the Software sector.
  • This is Argonaut Private Equity’s 11th transaction in the United States.
  • This is Argonaut Private Equity’s 4th transaction in Texas.

Investment Summary
Date 2016-03-15
Target Pivot3
Sector Software
Investor(s) Argonaut Private Equity
Deal Type Growth Capital

Target

Pivot3

Austin, Texas, United States
Pivot3 is a provider of dynamic hyper-converged infrastructure solutions and predictable flash storage. Pivot3’s patented solutions dramatically improve data center simplicity and economics by increasing scale-out performance, driving down complexity and cost, saving an extraordinary amount of disk and physical space and ensuring fault tolerance. With Pivot3’s unique Quality of Service and Virtualization Management capabilities, customers are able to prioritize data and application performance based on business value. Today, Pivot3 has more than 2,000 customers around the world deploying more than 16,000 globally hyper-converged infrastructures in multiple industries such as video surveillance, healthcare, government, transportation, entertainment, education, gaming and retail. Pivot3 was founded in 2002 and is based in Austin, Texas.

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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 11 of 37
Sector: Software M&A 1 of 1
Type: Growth Capital M&A Deals 3 of 5
State: Texas M&A 4 of 10
Country: United States M&A 11 of 37
Year: 2016 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-01 QRC Valves

Stafford, Texas, United States

QRC Valves is a distributor of premium valves and actuation products used in downstream oil & gas, power generation, pulp & paper, commercial and industrial markets. QRC Valves was founded in 2016 and is based in Stafford, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-31 JAC Products

Pontiac, Michigan, United States

JAC Products is a global designer and manufacturer of original equipment roof racks systems, with expanded product offerings in cargo management systems, running boards and steps rails. The company supplies OEM manufacturers worldwide with engineering, sales, manufacturing, and partnership locations in North America, Europe, China, Japan and South America. JAC Products was founded in 1967 and is based in Pontiac, Michigan.

Buy -
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