M&A Deal Summary

Argosy Private Equity Acquires Reed City Group

On May 19, 2017, private equity firm Argosy Private Equity acquired plastics company Reed City Group

Acquisition Highlights
  • This is Argosy Private Equity’s 2nd transaction in the Plastics sector.
  • This is Argosy Private Equity’s 65th transaction in the United States.
  • This is Argosy Private Equity’s 5th transaction in Michigan.

M&A Deal Summary
Date 2017-05-19
Target Reed City Group
Sector Plastics
Buyer(s) Argosy Private Equity
Deal Type Buyout (LBO, MBO, MBI)

Target

Reed City Group

Reed City, Michigan, United States
Reed City Group is a provider of full-scale mold building, press manufacturing, and injection molding business. Reed City Group supplies the automotive and building products industries with molds, hydraulic presses and manufactured plastic parts. Reed City Group was founded in 1959 and is based in Reed City, Michigan.

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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 65 of 86
Sector (Plastics) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 36 of 52
State (Michigan) 5 of 8
Country (United States) 65 of 86
Year (2017) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-03 Rita s

Trevose, Pennsylvania, United States

Rita's is an ice and frozen treat franchiser in the world with more than 600 stores. The company is aggressively expanding internationally with operating locations in the Philippines, Canada, and the Middle East. Rita's was founded in 1984 and is based in Trevose, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-30 Paragon

Oak Ridge, Tennessee, United States

Paragon provides an unmatched level of commitment to tackling the nuclear industry’s difficult challenges. Dedicated to quality, safety, reliability, and carbon-free energy, the company delivers premium products to nuclear energy facilities with proven reductions in direct costs, parts inventory, improved process efficiency, and obsolescence solutions. Paragon was formed in 2000 and is based in Oak Ridge, Tennessee.

Buy -
Mergr

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