M&A Deal Summary

Black Diamond Group Acquires BOXX Modular

On November 30, 2020, Black Diamond Group acquired construction company BOXX Modular from Argosy Private Equity

Acquisition Highlights
  • This is Black Diamond Group’s 1st transaction in the Construction sector.
  • This is Black Diamond Group’s 1st transaction in the United States.
  • This is Black Diamond Group’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2020-11-30
Target BOXX Modular
Sector Construction
Buyer(s) Black Diamond Group
Sellers(s) Argosy Private Equity
Deal Type Add-on Acquisition

Target

BOXX Modular

Exton, Pennsylvania, United States
BOXX Modular is a designer and lessor of relocatable classrooms and other commercial modular building systems. BOXX Modular was founded in 1998 and is based in Exton, Pennsylvania.

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Buyer(S) 1

Buyer

Black Diamond Group

Calgary, Alberta, Canada
Category Company
Founded 2003
Sector Business Services
Employees485
Revenue 394M CAD (2023)
DESCRIPTION

Black Diamond Group is a specialty rentals and industrial services Company with two operating business units - Modular Space Solutions (MSS) and Workforce Solutions (WFS). Black Diamond Group was incorporated in 2003 and is based in Calgary, Alberta.

DEAL STATS #
Overall 1 of 2
Sector (Construction) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (Pennsylvania) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-31 Modular Rental

Toronto, Ontario, Canada

Modular Rental is a modular building rental company. Modular Rental is based in Toronto, Ontario.

Buy $55M

Seller(S) 1

SELLER

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 39 of 53
Sector (Construction) 1 of 1
Type (Add-on Acquisition) 27 of 38
State (Pennsylvania) 12 of 17
Country (United States) 39 of 53
Year (2020) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-01 Kmco

Houston, Texas, United States

Kmco LLC is an operator of specialty chemical company serving the automotive, petroleum, industrial, and agricultural markets. Kmco was founded in 1975 and is based in Houston, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-30 Bionix

Maumee, Ohio, United States

Bionix is a developer of innovative healthcare products for ear, nasal, and wound care applications in addition to radiation therapy products. Bionix is based in Maumee, Ohio.

Buy -
Mergr

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