M&A Deal Summary

Argosy Private Equity and Holleway Capital Partners Acquire Barco Products

On August 1, 2023, private equity firms Argosy Private Equity and Holleway Capital Partners acquired consumer products company Barco Products

Acquisition Highlights
  • This is Argosy Private Equity’s 4th and Holleway Capital Partners’ 1st transaction in the Consumer Products sector.
  • This is Argosy Private Equity’s 83rd and Holleway Capital Partners’ 7th transaction in the United States.
  • This is Argosy Private Equity’s 2nd and Holleway Capital Partners’ 3rd transaction in Illinois.

M&A Deal Summary

Date 2023-08-01
Target Barco Products
Sector Consumer Products
Buyer(s) Argosy Private Equity
Holleway Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Barco Products

Batavia, Illinois, United States
Barco Products is a designer, manufacturer, and distributor of commercial outdoor site furnishings and traffic safety products. Barco Products was formed in 1985 and is based in Batavia, Illinois.

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Buyer(S) 2

Buyer

Argosy Private Equity

Wayne, Pennsylvania, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1990
PE ASSETS 575M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Argosy Private Equity is the private equity arm of Argosy Capital, an asset management firm. Argosy Private Equity provides both debt and equity capital to lower middle-market companies located throughout the US. Argosy focuses on growth companies with experienced management teams and revenues between $15 and $100 million and EBITDA of $3 to $9 million. Argosy looks to invest $5 - $20 million per transaction. Specific areas of interest include manufacturing, business services, franchising and Value added distributions. The Firm will consider a variety of transaction types, including MBO’s, recapitalizations, growth equity and acquisitions. Argosy was formed in 1990 and is based in Wayne, Pennsylvania.


DEAL STATS #
Overall 83 of 88
Sector: Consumer Products M&A 4 of 4
Type: Buyout (LBO, MBO, MBI) M&A Deals 50 of 52
State: Illinois M&A 2 of 2
Country: United States M&A 83 of 88
Year: 2023 M&A 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-03 Richwood Industries

Grand Rapids, Michigan, United States

Richwood Industries is a manufacturer and distributor of composite panels, plywood, tackable solutions, drawers, and dry-erase boards, as well as PolyBak, a proprietary backer and overlay. Richwood Industries was founded in 1988 and is based in Grand Rapids, Michigan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-25 SinterFire

Kersey, Pennsylvania, United States

SinterFire is a manufacturer of proprietary frangible lead-free ammunition projectiles used globally for military and law enforcement training and commercial shooting. SinterFire was founded in 1998 and is based in Kersey, Pennsylvania.

Sell -
DESCRIPTION

Holleway Capital Partners is a private investment firm focused on investing in and acquiring lower middle-market, Midwest US-based companies in the manufacturing, distribution, and services sectors. The Firm looks for opportunities where ownership is looking for liquidity. Target companies typically exhibit $10 to $100 million of revenue and up to $10 million of EBITDA. Holleway Capital Partners was formed in 2016 and has offices in St. Louis, Missouri and Omaha, Nebraska.


DEAL STATS #
Overall 7 of 8
Sector: Consumer Products M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 4 of 5
State: Illinois M&A 3 of 4
Country: United States M&A 7 of 8
Year: 2023 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-06 Aladdin Steel

Gillespie, Illinois, United States

Aladdin Steel is a distributor of standard and specialty carbon steel tube and pipe products. Aladdin Steel was founded in 1976 and is based in Gillespie, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-26 Braner

Schiller Park, Illinois, United States

Braner is a specialist in the design and construction of ultra-precision high-performance flat rolled coil processing and automated coil handling systems. Braner’s highly engineered systems process carbon steel, brass, copper, aluminum, stainless and electrical steels, among others, to precise width, length and gauge tolerances. Braner was founded in 1956 and is based in Schiller Park, Illinois.

Buy -