M&A Deal Summary |
|
|---|---|
| Date | 2024-12-09 |
| Target | Heavy Equipment Colleges of America |
| Sector | Education |
| Buyer(s) | Argosy Private Equity |
| Sellers(s) | Evolution Capital Partners |
| Deal Type | Secondary Buyout |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1990 |
| PE ASSETS | 575M USD |
| Size | Middle-Market |
| Type | Sector Agnostic |
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 | 88 of 88 |
| Sector (Education) | 2 of 2 |
| Type (Secondary Buyout) | 11 of 11 |
| State (California) | 5 of 5 |
| Country (United States) | 88 of 88 |
| Year (2024) | 3 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-11-26 |
Rita s Italian Ice
Trevose, Pennsylvania, United States Rita's Italian Ice is a restaurant chain which sells mainly Italian ice, frozen custard, and specialty creations. Rita's Italian Ice was founded in 1984 and is based in Trevose, Pennsylvania. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-12-16 |
Southerland
Nashville, Tennessee, United States Southerland is a mattress manufacturer servicing the Southeast, Southwest, and Midwest regions of the United States. Southerland was founded in 1893 and is based in Nashville, Tennessee. |
Sell | - |
| Category | Growth Capital Firm |
|---|---|
| Founded | 2005 |
| Size | Small |
| Type | Sector Agnostic |
Evolution Capital Partners is a 'hands-on' private equity firm focused on partnering with smaller companies where additional capital and management resources can improve business growth prospects. Evolution looks to invest $2 - $10 million in businesses with $1 to $2 million of free cash-flow. Areas of interest include business services, information services, financial services, distribution, 'scalable sales-focused businesses', healthcare services, and niche manufacturing. Evolution prefers businesses located East of the Mississippi River. Evolution Capital Partners was formed in 2005 and has offices in Cleveland and Chicago.
| DEAL STATS | # |
|---|---|
| Overall | 9 of 9 |
| Sector (Education) | 2 of 2 |
| Type (Secondary Buyout) | 4 of 4 |
| State (California) | 2 of 2 |
| Country (United States) | 9 of 9 |
| Year (2024) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-04-10 |
DataFit
Hudson, Ohio, United States DataFit provides isokinetic assessments of employees for pre-employment and return-to-work purposes and as a component of workforce wellness initiatives. DataFit is based in Hudson, Ohio. |
Buy | - |
