M&A Deal Summary

Headhaul Capital Partners and Argosy Private Equity Acquire ACS Logistics

On October 24, 2018, private equity firms Headhaul Capital Partners and Argosy Private Equity acquired transportation company ACS Logistics

Acquisition Highlights
  • This is Headhaul Capital Partners’ 2nd and Argosy Private Equity’s 2nd transaction in the Transportation sector.
  • This is Headhaul Capital Partners’ 3rd and Argosy Private Equity’s 69th transaction in the United States.
  • This is Headhaul Capital Partners’ 1st and Argosy Private Equity’s 2nd transaction in Minnesota.

M&A Deal Summary

Date 2018-10-24
Target ACS Logistics
Sector Transportation
Buyer(s) Headhaul Capital Partners
Argosy Private Equity
Deal Type Buyout (LBO, MBO, MBI)

Target

ACS Logistics

Saint Paul, Minnesota, United States
ACS Logistics is a provider of customized logistics solutions to the healthcare, financial services, technology, and home delivery industries. ACS Logistics was founded in 1990 and is based in Saint Paul, Minnesota.

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Buyer(S) 2

DESCRIPTION

Headhaul Capital Partners LLC is a private equity firm focused on the transportation, logistics, and distribution sectors. The Firm looks to invest in management buyouts, industry consolidations and recapitalizations of middle-market companies with up to $500 million of revenue. Target companies generally possess strong management, offer value-add services, and operate in industry sub-sectors with favorable prospective supply/demand dynamics. Headhaul Capital Partners LLC was formed in 2014 and is headquartered in Harrison, New York.


DEAL STATS #
Overall 3 of 4
Sector (Transportation) 2 of 3
Type (Buyout (LBO, MBO, MBI)) 2 of 3
State (Minnesota) 1 of 1
Country (United States) 3 of 4
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-13 Great Western Trailer

San Francisco, California, United States

Great Western Trailer is a full-service, integrated solutions provider to the flatbed and specialized trailer industry. Great Western Trailer was founded in 1997 and is based in San Francisco, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-01 DSI Logistics

Brea, California, United States

DSI Logistics is a non-asset based provider of last-mile home delivery and installation for heavy and hard to handle goods. DSI Logistics was founded in 1997 and is based in Brea, California.

Buy -
Buyer

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 69 of 86
Sector (Transportation) 2 of 6
Type (Buyout (LBO, MBO, MBI)) 38 of 52
State (Minnesota) 2 of 2
Country (United States) 69 of 86
Year (2018) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-17 ECS Environmental Solutions

Belton, Texas, United States

ECS Environmental Solutions is a designer and manufacturer of environmental systems and solutions for the odor control market. ECS designs manufacture and install odor control systems for a wide range of customers with a focus on the municipal wastewater market. ECS Environmental Solutions was founded in 1995 and is based in Belton, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-01 AUC Group

Houston, Texas, United States

AUC Group LP is a provider of a wastewater treatment and water reuse solutions primarily to property developers and municipal customers, including utility districts, in the United States. AUC Group was founded in 1970 and is based in Houston, Texas.

Sell $130M