M&A Deal Summary

Argosy Private Equity Acquires Richwood Industries

On May 3, 2023, private equity firm Argosy Private Equity acquired forest products company Richwood Industries

Acquisition Highlights
  • This is Argosy Private Equity’s 2nd transaction in the Forest Products sector.
  • This is Argosy Private Equity’s 82nd transaction in the United States.
  • This is Argosy Private Equity’s 8th transaction in Michigan.

M&A Deal Summary

Date 2023-05-03
Target Richwood Industries
Sector Forest Products
Buyer(s) Argosy Private Equity
Deal Type Buyout (LBO, MBO, MBI)

Target

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.

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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 86
Sector (Forest Products) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 49 of 52
State (Michigan) 8 of 8
Country (United States) 82 of 86
Year (2023) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-01 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-01 Barco Products

Batavia, Illinois, United States

Barco Products is a designer, manufacturer, and distributor of commercial outdoor site furnishings and traffic safety products. Barco Products was formed in 1985 and is based in Batavia, Illinois.

Buy -