Buyout (LBO, MBO, MBI) • Manufacturing

Argyle Capital Acquires Footage Tools

On September 22, 2017, private equity firm Argyle Capital acquired manufacturer Footage Tools

Acquisition Context
  • This is Argyle Capital’s 1st transaction in the Manufacturing sector.
  • This is Argyle Capital’s 1st transaction in Canada.
  • This is Argyle Capital’s 1st transaction in Ontario.
Investment Fate
  • Footage Tools was sold to a consortium of financial buyers in 2023.

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M&A Deal Summary

Date September 22, 2017
Target Footage Tools
Sector Manufacturing
Buyer(s) Argyle Capital
Deal Type Buyout (LBO, MBO, MBI)

Target Company

Footage Tools

Vaughan, Ontario, Canada
Footage Tools is a manufacturer of premium tools for use in the gas, water, and underground utility markets globally. Footage produces niche products using the highest quality materials and manufacturing processes. Footage Tools was founded in 1982 and is based in Vaughan, Ontario.
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Buyer Overview 1

DESCRIPTION

Argyle Capital is a private equity firm focused on control investments in lower-middle market Canadian companies. Argyle seeks stable, family-owned and service-oriented businesses with up to $15 million of EBITDA. Sectors of interest include the automotive, distribution, manufacturing, and consumer services industries, however the company generally avoids high-tech industries and commodity providers. Argyle Capital was established in 2016 and is headquartered in Toronto, Ontario.


Deal Context for Buyer #
Overall 1 of 2
Sector: Manufacturing 1 of 1
Type: Buyout (LBO, MBO, MBI) 1 of 2
State: Ontario 1 of 2
Country: Canada 1 of 2
Year: 2017 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-11 Mufflerman

London, Ontario, Canada

Mufflerman is an auto repair shop operating throughout Southwestern Ontario. Mufflerman operates out of its 12 corporate-owned locations and is focused on providing complete automotive repair and service to all aspects of the vehicle. Mufflerman was formed in 1964 and is based in London, Ontario.

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