M&A Deal Summary

Argosy Private Equity Acquires Olympia Chimney Supply

On May 15, 2012, private equity firm Argosy Private Equity acquired manufacturer Olympia Chimney Supply from Family Capital Growth Partners and Merion Investment Partners

Acquisition Highlights
  • This is Argosy Private Equity’s 10th transaction in the Manufacturing sector.
  • This is Argosy Private Equity’s 42nd transaction in the United States.
  • This is Argosy Private Equity’s 10th transaction in Pennsylvania.

M&A Deal Summary

Date 2012-05-15
Target Olympia Chimney Supply
Sector Manufacturing
Buyer(s) Argosy Private Equity
Sellers(s) Family Capital Growth Partners
Merion Investment Partners
Deal Type Secondary Buyout

Target

Olympia Chimney Supply

Scranton, Pennsylvania, United States
Olympia Chimney Supply manufactures and distributes premium, stainless steel chimney lining systems and other related chimney products that are sold directly to the venting professionals. Olympia Chimney Supply was founded in 1999 and is based in Scranton, Pennsylvania.

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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 42 of 88
Sector (Manufacturing) 10 of 13
Type (Secondary Buyout) 3 of 11
State (Pennsylvania) 10 of 17
Country (United States) 42 of 88
Year (2012) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-27 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-31 Sussex Wire

Easton, Pennsylvania, United States

Sussex Wire, Inc. specializes in the design, manufacturing, and distribution of highly-engineered, specialty metal parts and components utilizing cold-forming technology. Sussex Wire was founded in 1974 and is based in Easton, Pennsylvania.

Buy -

Seller(S) 2

SELLER

Family Capital Growth Partners

Greenwich, Connecticut, United States

Category Family Office
Size Small
Type Sector Agnostic
DESCRIPTION

Family Capital Growth Partners (FCGP) is a private equity firm that invests solely in family owned and closely held businesses. FCGP targets mature businesses looking to provide shareholder liquidity or in need of growth capital for acquisitions or internal expansion. Sectors of interest include niche manufacturing of industrial and consumer products, value-added distribution, specialty service, and natural resources. The Firm's target investment size is $2 to $20 million in companies generating up to $10 to $250 million in revenue. FCGP will not invest in turnarounds or venture stage opportunities. Family Capital Growth Partners is based in Greenwich, Connecticut.


DEAL STATS #
Overall 1 of 2
Sector (Manufacturing) 1 of 1
Type (Secondary Buyout) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 1 of 2
Year (2012) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-09-11 Shipmates/Printmates Holding

Scotia, New York, United States

Shipmates/Printmates Holding Corp. (dba Velocity Print Solutions) is a full service commercial printer, offering comprehensive digital and lithographic printing capabilities, fulfillment services and the sale of promotional products.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-02 BlessingWhite

Skillman, New Jersey, United States

BlessingWhite Companies, Inc., a leader in providing a broad range of professional training and services in the areas of business leadership, culture and values, performance management and careerdevelopment. BlessingWhite serves primarily large Fortune 2000 companies in a variety of industries. It hasspecialized programs to address the needs of technical employees, new hires and high growth, technology-oriented companies.

Sell -
SELLER
DESCRIPTION

Merion Investment Partners is a mezzanine finance firm that provides subordinated debt to middle-market growth Companies generating at least $10 million in sales and at least $2 million in EBITDA. Merion focuses on opportunities in business services, specialty manufacturing, and healthcare services and products. Merion's invests in the range of $4 and $20 million per transaction. Merion Investment Partners was formed in 2003 and is based in King of Prussia, Pennsylvania.


DEAL STATS #
Overall 10 of 26
Sector (Manufacturing) 2 of 3
Type (Secondary Buyout) 5 of 9
State (Pennsylvania) 4 of 6
Country (United States) 10 of 26
Year (2012) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-10 I.D. Images

Brunswick, Ohio, United States

I.D. Image is a manufacturer of converted label products, specializes in providing label solutions from supply chain management to brand protection. The company serves varied markets including Transportation and Logistics, Food and Beverage, Consumer Durables and Healthcare and has facilities in Cleveland (Brunswick), Cincinnati, Charlotte, California, Arkansas, Boston, and Tennessee. I.D. Images was founded in 1995 and is based in Brunswick, Ohio.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-09 Computex

Houston, Texas, United States

Computex Inc. is a IT provider of virtualization, storage, networking and data center services.

Sell -