Add-on Acquisition • Defense

CBC Global Ammunition Acquires SinterFire

On August 25, 2023, CBC Global Ammunition acquired defense company SinterFire from Argosy Private Equity

Acquisition Context
  • This is CBC Global Ammunition’s 1st transaction in the Defense sector.
  • This is CBC Global Ammunition’s 1st transaction in the United States.
  • This is CBC Global Ammunition’s 1st transaction in Pennsylvania.

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M&A Deal Summary

Date August 25, 2023
Target SinterFire
Sector Defense
Buyer(s) CBC Global Ammunition
Sellers(s) Argosy Private Equity
Deal Type Add-on Acquisition

Target Company

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.
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Buyer Overview 1

Buyer

CBC Global Ammunition

Sao Paulo, Brazil

Category Company
Sector Defense
DESCRIPTION

CBC Global Ammunition is a holding for a group of companies internationally active in ammunition sector. CBC Global Ammunition is based in Sao Paulo, Brazil.


Deal Context for Buyer #
Overall 1 of 1
Sector: Defense 1 of 1
Type: Add-on Acquisition 1 of 1
State: Pennsylvania 1 of 1
Country: United States 1 of 1
Year: 2023 1 of 1

Seller Profile 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 Context for Seller #
Overall 52 of 55
Sector: Defense 2 of 2
Type: Add-on Acquisition 38 of 39
State: Pennsylvania 16 of 17
Country: United States 52 of 55
Year: 2023 1 of 1
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-14 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.

Buy -