M&A Deal Summary

Argosy Private Equity Acquires Preco

On March 18, 2022, private equity firm Argosy Private Equity acquired machinery company Preco

Acquisition Highlights
  • This is Argosy Private Equity’s 2nd transaction in the Machinery sector.
  • This is Argosy Private Equity’s 76th transaction in the United States.
  • This is Argosy Private Equity’s 1st transaction in Kansas.

M&A Deal Summary
Date 2022-03-18
Target Preco
Sector Machinery
Buyer(s) Argosy Private Equity
Deal Type Buyout (LBO, MBO, MBI)

Target

Preco

Lenexa, Kansas, United States
Preco is a designer and manufacturer of precision automated processing systems for high speed and high accuracy cutting, perforating, welding, and other specialized industrial processing applications. With our proprietary die cutting and laser-based manufacturing capabilities, we've also become one of the largest contract manufacturing service (CMS) providers in North America. Preco was founded in 1978 and is based in Lenexa, Kansas.

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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 76 of 86
Sector (Machinery) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 43 of 52
State (Kansas) 1 of 1
Country (United States) 76 of 86
Year (2022) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-13 Global Power Products

Lawrenceville, Georgia, United States

Global Power Products focused on developing products in the utility-grade electrical transfer switch, electric meter, and electric safety markets. GPP's switches allow for an effortless installation as compared to conventional switches. Global Power Products was formed in 1995 and is based in Lawrenceville, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-13 Linx Technologies

Merlin, Oregon, United States

Linx Technologies provides wireless modules, antennas, connectors, and wireless design services. It offers radio frequency (RF) modules, integrated circuits, OEM RF products, evaluation kits, and master development systems, interface modules, and connectors and cable assemblies. Linx Technologies was founded in 1997 and is based in Merlin, Oregon.

Sell -
Mergr

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