M&A Deal Summary

Argosy Private Equity, NewSpring Capital and Woodlawn Partners Acquire Wize Solutions

On December 14, 2023, private equity firms Argosy Private Equity, NewSpring Capital and Woodlawn Partners acquired construction company Wize Solutions

Acquisition Highlights
  • This is Argosy Private Equity’s 1st, NewSpring Capital’s 6th and Woodlawn Partners’ 3rd transaction in the Construction sector.
  • This is Argosy Private Equity’s 84th, NewSpring Capital’s 187th and Woodlawn Partners’ 15th transaction in the United States.
  • This is Argosy Private Equity’s 2nd, NewSpring Capital’s 1st and Woodlawn Partners’ 1st transaction in Utah.

M&A Deal Summary

Date 2023-12-14
Target Wize Solutions
Sector Construction
Buyer(s) Argosy Private Equity
NewSpring Capital
Woodlawn Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Wize Solutions

West Valley City, Utah, United States
Wize Solutions is a provider of material handling integration solutions. The company provides its installation crews annual training programs to remain up to date on all industry innovations. Offering specialty installation services for shelving, wire guidance, mezzanine, lockers, industrial fans, rack repair, curtain walls and just about anything a warehouse needs to stay efficient. Wize Solutions is based in West Valley City, Utah.

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Buyer(S) 3

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 84 of 86
Sector (Construction) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 51 of 52
State (Utah) 2 of 3
Country (United States) 84 of 86
Year (2023) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-25 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.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-17 Federal

West Berlin, New Jersey, United States

Federal is a temporary chain link fence rental business providing construction sites and events services. The company's product offerings include post-driven panels of chain-link fencing, gate frames, windscreen, and other site prep accessories. Federal was formed in 1993 and is based in West Berlin, New Jersey.

Buy -
Buyer

NewSpring Capital

Radnor, Pennsylvania, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 3.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

NewSpring Capital is a private investment firm focused on growth companies in the Mid-Atlantic US. The Firm can provide both growth equity and junior capital to prospective companies. NewSpring's target investment size for both mezzanine and equity financing is $2 to $5 million, although for new ventures, the Firm can commit up to $10 million. Sectors of interest include specialty manufacturing, technology, business services, information technology, life science, healthcare services, and medical devices. NewSpring Capital was formed in 1999 and is based in Radnor, Pennsylvania with an additional office in Short Hills, New Jersey.


DEAL STATS #
Overall 191 of 200
Sector (Construction) 6 of 7
Type (Buyout (LBO, MBO, MBI)) 40 of 44
State (Utah) 1 of 1
Country (United States) 187 of 196
Year (2023) 10 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-26 Green Home Solutions

Spring Mills, Pennsylvania, United States

Green Home Solutions is a provider of home services franchisor providing mold remediation and indoor air quality services. Green Home Solutions is based in Spring Mills, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-21 Circonus

Malvern, Pennsylvania, United States

Circonus is a monitoring and analytics platform built for the modern-day enterprise. Circonus delivers crystal-clear, real-time visibility of the behavior, health, trends, and performance of traditional infrastructure and cloud-based technologies in one powerful, unified platform. Circonus was founded in 2010 and is based in Malvern, Pennsylvania.

Sell -
DESCRIPTION

Woodlawn Partners, Inc. is a private investment firm focused on acquiring businesses in traditional industries. The Firm targets companies with at least $5 million in revenues and $1 million of EBITDA. Sectors of interest include manufacturing, facility services, information technology, financial services, food/beverages, transportation, and distribution. Woodlawn Partners is based in Chicago, Illinois.


DEAL STATS #
Overall 15 of 15
Sector (Construction) 3 of 3
Type (Buyout (LBO, MBO, MBI)) 13 of 13
State (Utah) 1 of 1
Country (United States) 15 of 15
Year (2023) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-05 Piranha

Rockford, Illinois, United States

Piranha is a provider of metal fabrication and cutting equipment. Piranha designs, engineers, assembles, and distributes metal fabrication equipment, such as ironworkers, fiber lasers and plasma tables, amongst others, and associated aftermarket parts, accessories, and tooling. Piranha is based in Rockford, Illinois.

Buy -