Add-on Acquisition • Distribution

CPC Acquires Component Sourcing International

On September 16, 2022, CPC acquired distribution company Component Sourcing International from Argosy Private Equity

Acquisition Context
  • This is CPC’s 1st transaction in the Distribution sector.
  • This is CPC’s 1st transaction in the United States.
  • This is CPC’s 1st transaction in North Carolina.

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M&A Deal Summary

Date September 16, 2022
Target Component Sourcing International
Sector Distribution
Buyer(s) CPC
Sellers(s) Argosy Private Equity
Deal Type Add-on Acquisition
Advisor(s) XLCS Partners (Financial)

Target Company

Component Sourcing International

Charlotte, North Carolina, United States
Component Sourcing International is a distributor providing component sourcing, kitting, sub-assembly, logistics and vendor/inventory management services for industrial and material handling manufacturers and OEMs. Component Sourcing International was founded in 1982 and is based in Charlotte, North Carolina.
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Buyer Overview 1

Buyer

CPC

Kansas City, Missouri, United States

Category Company
Sector Business Services
DESCRIPTION

CPC makes long-term investments and is organized as a company, not around funds like many traditional Private Equity firms. The company is owned by large family offices and successful entrepreneurs that are collectively aligned around long-term decision-making and wealth creation. CPC was formed from the merging of Curran Companies’ and C3 Capital’s management teams. It seeks to deploy at least $500MM into lower middle market businesses over the next five years. CPC is based in Kansas City, Missouri.


Deal Context for Buyer #
Overall 1 of 2
Sector: Distribution 1 of 1
Type: Add-on Acquisition 1 of 2
State: North Carolina 1 of 1
Country: United States 1 of 2
Year: 2022 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-12 Drug Free Sport

Kansas City, Missouri, United States

Drug Free Sport is a provider of drug testing and compliance services for professional and amateur athletic organizations providing customized drug-testing programs and other drug prevention initiatives to ensure fair and safe sport on the global scale or organizations including the NFL, NBA, NCAA, PGA and NASCAR. Drug Free Sport was founded in 1999 and is based in Kansas City, Missouri.

Buy -

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 50 of 55
Sector: Distribution 2 of 2
Type: Add-on Acquisition 36 of 39
State: North Carolina 2 of 2
Country: United States 50 of 55
Year: 2022 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-13 Linx Technologies

Merlin, Oregon, United States

Linx Technologies provides wireless modules, antennas, connectors, and wireless design services. It offers radio frequency (RF) modules, integrated circuits, OEM RF products, evaluation kits, and master development systems, interface modules, and connectors and cable assemblies. Linx Technologies was founded in 1997 and is based in Merlin, Oregon.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-29 Linkage

Burlington, Massachusetts, United States

Linkage offers a variety of leadership training programs for senior and high potential executives of large companies, covering such areas as organizational development, innovation, team assessment and women in leadership. Linkage was founded in 1988 and is based in Burlington, Massachusetts.

Sell -