Consolidation • Technology Hardware

Benford Capital Partners Acquires Argus Monitoring Solutions

On November 2, 2021, private equity firm Benford Capital Partners acquired technology hardware company Argus Monitoring Solutions

Acquisition Context
  • This is Benford Capital Partners’ 2nd transaction in the Technology Hardware sector.
  • This is Benford Capital Partners’ 16th transaction in the United States.
  • This is Benford Capital Partners’ 2nd transaction in Alabama.

Explore All 61 Consolidation Technology Hardware Deals - Search the Database Free


M&A Deal Summary

Date November 2, 2021
Target Argus Monitoring Solutions
Sector Technology Hardware
Buyer(s) Benford Capital Partners
Deal Type Consolidation

Target Company

Argus Monitoring Solutions

Birmingham, Alabama, United States
Argus Monitoring Solutions provides a broad range of outsourced continuous seismic and environmental monitoring services through a “hardware-as-a-service” business model. Argus Monitoring Solutions is based in Birmingham, Alabama.
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Buyer Overview 1

Buyer

Benford Capital Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
Size Small
Type Sector Agnostic
DESCRIPTION

Benford Capital Partners is a private equity investment firm focused on leveraged buyouts and recapitalizations of smaller, lower middle-market companies in the US and Canada. Benford targets niche manufacturers, unique service companies and specialty distributors with minimum sales of $5 million, and at least $2 million in EBITDA. Avoided industries/transactions include retail, restaurants, software, start-ups, real estate, commodity products, and biotech. Benford Capital Partners was formed in 2004 and is based in Chicago, Illinois.


Deal Context for Buyer #
Overall 16 of 25
Sector: Technology Hardware 2 of 2
Type: Consolidation 1 of 2
State: Alabama 2 of 2
Country: United States 16 of 24
Year: 2021 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-29 Atlas RFID Solutions

Birmingham, Alabama, United States

Atlas RFID Solutions is a developer and marketer of Jovix, an award-winning material control application purpose-built for the capital asset market. Jovix combines web-based server software with mobile and auto-ID technologies to extend access to information to decision-makers in the field, enabling digitization and automation of paper-based data collection processes. Atlas RFID Solutions was founded in 2007 and is based in Birmingham, Alabama.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-15 Pasture Brands

Kalona, Iowa, United States

Pasture Brands is formed for an add-on acquisition of beverage and refrigerated food product companies. Pasture Brands Holdings was founded in 2021 and is based in Kalona, Iowa.

Buy -