M&A Deal Summary

Argosy Private Equity Acquires Diverse Logistics & Distribution

On May 1, 2023, private equity firm Argosy Private Equity acquired transportation company Diverse Logistics & Distribution

Acquisition Highlights
  • This is Argosy Private Equity’s 5th transaction in the Transportation sector.
  • This is Argosy Private Equity’s 82nd transaction in the United States.
  • This is Argosy Private Equity’s 2nd transaction in Florida.

M&A Deal Summary
Date 2023-05-01
Target Diverse Logistics & Distribution
Sector Transportation
Buyer(s) Argosy Private Equity
Deal Type Buyout (LBO, MBO, MBI)

Target

Diverse Logistics & Distribution

Tampa, Florida, United States
Diverse Logistics & Distribution is a domestic provider of final mile logistics, home delivery, and installation of big-and-bulky merchandise such as mattresses, furniture, and appliances. Diverse Logistics & Distribution is based in Tampa, Florida.

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Buyer(S) 1

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 82 of 88
Sector (Transportation) 5 of 6
Type (Buyout (LBO, MBO, MBI)) 49 of 53
State (Florida) 2 of 2
Country (United States) 82 of 88
Year (2023) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-14 Burco

Grand Rapids, Michigan, United States

Burco manufactures and supplies mirror glass and related products to various automotive and consumer markets across the United States and is an original equipment supplier to various specialty mirror head manufacturers. Burco was formed in 1979 and is based in Grand Rapids, Michigan.

Buy -
FOLLOWING 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 -
Mergr

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