M&A Deal Summary

Argonaut Private Equity and Hall Capital Partners Acquire Modineer

On December 10, 2018, private equity firm Argonaut Private Equity and family office Hall Capital Partners acquired manufacturer Modineer

Acquisition Highlights
  • This is Argonaut Private Equity’s 1st and Hall Capital Partners’ 1st transaction in the Manufacturing sector.
  • This is Argonaut Private Equity’s 17th and Hall Capital Partners’ 7th transaction in the United States.
  • This is Argonaut Private Equity’s 2nd and Hall Capital Partners’ 2nd transaction in Michigan.

M&A Deal Summary

Date 2018-12-10
Target Modineer
Sector Manufacturing
Buyer(s) Argonaut Private Equity
Hall Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Modineer

Niles, Michigan, United States
Modineer manufactures steel, aluminum, and stainless metal components for defense, automotive, and construction/agriculture markets in the United States. Modineer was founded in 1940 and is based in Niles, Michigan.

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Buyer(S) 2

Buyer

Argonaut Private Equity

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2002
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Argonaut Private Equity is a private equity firm focused on control investments in entrepreneur and family-owned businesses headquartered in the middle region of the US. The Firm seeks industrial oriented manufacturing, distribution, and service companies with revenue between $20 and $300 million and EBITDA between $5 and $50 million. Argonaut typically commits $15 to $100 million per transaction to support buy-outs, distressed and special situations, growth needs, and divestitures. Argonaut Private Equity was founded in 2002 and is based in Tulsa, Oklahoma.


DEAL STATS #
Overall 17 of 38
Sector: Manufacturing M&A 1 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 7 of 22
State: Michigan M&A 2 of 2
Country: United States M&A 17 of 38
Year: 2018 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-15 Nichols Oil Tools

Jacksboro, Texas, United States

Nichols Oil Tools is a provider of oilfield services in the Permian Basin. The Company’s service offerings include pump down, laydown, inspection, mixing plant, pipe, fishing and rental. Nichols Oil Tools was founded in 2013 and is based in Jacksboro, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-28 Mammoth Carbon Products

The Woodlands, Texas, United States

Mammoth Carbon Products is a pipeline distribution company. Mammoth provides carbon steel pipe distribution and services for the energy infrastructure markets. Mammoth currently services the North American market focusing in Texas and Colorado. Mammoth Carbon Products was founded in 2014 and is based in The Woodlands, Texas.

Buy -
DESCRIPTION

Hall Capital Partners is a family-backed private investment firm focused on real estate and private equity investing. The Firm's private equity group was formed in 2006 and looks to invest $2 to $25 million to support a variety of majority or minority investments including buyouts, recapitalizations, growth capital financings, divestitures, and shareholder liquidity needs. Broad sectors of interest include manufacturing, distribution, and services. The Firm prefers opportunities located in the Midwest, but will consider opportunities across the US. Hall Capital Partners is based in Oklahoma City, Oklahoma.


DEAL STATS #
Overall 7 of 7
Sector: Manufacturing M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 5 of 5
State: Michigan M&A 2 of 2
Country: United States M&A 7 of 7
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-31 JAC Products

Pontiac, Michigan, United States

JAC Products is a global designer and manufacturer of original equipment roof racks systems, with expanded product offerings in cargo management systems, running boards and steps rails. The company supplies OEM manufacturers worldwide with engineering, sales, manufacturing, and partnership locations in North America, Europe, China, Japan and South America. JAC Products was founded in 1967 and is based in Pontiac, Michigan.

Buy -