M&A Deal Summary

Argos USA Acquires Southern Star Concrete

On October 5, 2005, Argos USA acquired building materials company Southern Star Concrete from TGF Management for 245M USD

Acquisition Highlights
  • This is Argos USA’s 1st transaction in the Building Materials sector.
  • This is Argos USA’s largest (disclosed) transaction.
  • This is Argos USA’s 1st transaction in the United States.
  • This is Argos USA’s 1st transaction in Texas.

M&A Deal Summary

Date 2005-10-05
Target Southern Star Concrete
Sector Building Materials
Buyer(s) Argos USA
Sellers(s) TGF Management
Deal Type Add-on Acquisition
Deal Value 245M USD

Target

Southern Star Concrete

Irving, Texas, United States
Southern Star Concrete, Inc. is a ready-mixed concrete supplier.

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Buyer(S) 1

Buyer

Argos USA

Alpharetta, Georgia, United States

Category Company
Founded 1936
Sector Building Materials
DESCRIPTION

Argos USA is a provider of ready-mixed concrete that focuses on the production of specialty construction materials like color masonry cement, mortars, and unique concrete mixes. Argos USA was formed in 1936 and is based in Alpharetta, Georgia.


DEAL STATS #
Overall 1 of 1
Sector (Building Materials) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2005) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

TGF Management

Austin, Texas, United States

Category Private Equity Firm
Founded 1992
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

TGF Management is a private equity firm focused on management buyouts and recapitalizations of profitable, middle-market companies generating sales of $50 to $250 million and EBITDA of $5 of $25 million. Areas of interest include manufacturing, distribution, construction, industrial service, outsourced business services, food, and consumer products. TGF's target investment size is $25 to $100 million and the Firm's geographic focus is on opportunities in the Southwest US. TGF will not invest in oil/gas exploration and production companies, real estate, and businesses with 'significant technology risk'. TGF Management was formed in 1992 and is based in Austin, Texas.


DEAL STATS #
Overall 6 of 18
Sector (Building Materials) 1 of 2
Type (Add-on Acquisition) 3 of 8
State (Texas) 3 of 12
Country (United States) 6 of 18
Year (2005) 2 of 2
Size (of disclosed) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-09-06 ENSR International

Westford, Massachusetts, United States

ENSR International Corp. is an environmental consulting firm focused on the corporate market. ENSR provides comprehensive services to meet the environmental needs of corporate clients in areas such as capital permitting, risk assessment, due diligence, air quality, hazardous waste, and process engineering.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-03 Coastal Towing

Houston, Texas, United States

Coastal Towing, Inc. is a provider of transportation services for handling black oil products along the Mississippi River System and on the Gulf Intracoastal Waterway. Coastal Towing was formed in 1973 and is based in Houston, Texas.

Sell $19M