M&A Deal Summary

Argosy Private Equity, Plexus Capital and Salem Investment Partners Acquire Parker School Uniforms

On July 8, 2015, private equity firm Argosy Private Equity, private equity firm Plexus Capital and mezzanine finance firm Salem Investment Partners acquired apparel/textiles company Parker School Uniforms from Blue Sage Capital

Acquisition Highlights
  • This is Argosy Private Equity’s 1st, Plexus Capital’s 2nd and Salem Investment Partners’ 4th transaction in the Apparel/Textiles sector.
  • This is Argosy Private Equity’s 56th, Plexus Capital’s 63rd and Salem Investment Partners’ 27th transaction in the United States.
  • This is Argosy Private Equity’s 5th, Plexus Capital’s 1st and Salem Investment Partners’ 1st transaction in Texas.
Investment Fate
  • Parker School Uniforms went bankrupt in 2018.

M&A Deal Summary

Date 2015-07-08
Target Parker School Uniforms
Sector Apparel/Textiles
Buyer(s) Argosy Private Equity
Plexus Capital
Salem Investment Partners
Sellers(s) Blue Sage Capital
Deal Type Secondary Buyout
Advisor(s) MHT Partners (Financial)
Graves Dougherty Hearon & Moody (Legal)

Target

Parker School Uniforms

Houston, Texas, United States
Parker School Uniforms LLC is a provider of premium school uniforms to private and charter schools across the Sunbelt region of the United States including Texas, California, Oklahoma, Kansas, Alabama, Mississippi, Georgia, Tennessee, and Kentucky. Parker School Uniforms was founded in 1931 and is based in Houston, Texas.

Search 215,058 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 3

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 56 of 88
Sector: Apparel/Textiles M&A 1 of 1
Type: Secondary Buyout M&A Deals 6 of 11
State: Texas M&A 5 of 8
Country: United States M&A 56 of 88
Year: 2015 M&A 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-03 Trico Equipment

Millville, New Jersey, United States

Trico Equipment, Inc. is a provider of aerial and lift equipment rental services in the Mid-Atlantic region.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-01 Wisconsin Film & Bag

Shawano, Wisconsin, United States

Wisconsin Film and Bag produces custom polyethylene bags and film for the flexible packaging industry.

Sell -
Buyer

Plexus Capital

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 2.2B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Plexus Capital is a private equity firm that invests in buyouts, acquisitions, recapitalizations and growth financings in the form of junior and/or equity capital. Plexus focuses on lower middle-market businesses located in the Mid-Atlantic and Southeast areas of the US. The Firm looks for businesses companies in the business services, consumer services, manufacturing, value-added distribution, and healthcare sectors with up to $2 to $15 million of cash-flow. Plexus Capital was formed in 1995 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 63 of 149
Sector: Apparel/Textiles M&A 2 of 3
Type: Secondary Buyout M&A Deals 6 of 11
State: Texas M&A 1 of 11
Country: United States M&A 63 of 149
Year: 2015 M&A 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-23 IC Real Tech

Pompano Beach, Florida, United States

IC Real Tech is a designer, developer and manufacturer of video surveillance systems , cameras, digital recording devices and accessories. IC Real Tech is based in Pompano Beach, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-02 Integra Partners

New York, New York, United States

Integra Partners LLC is a healthcare network manager that connects Orthotics and Prosthetics (O&P) and Durable Medical Equipment (DME) providers with health plans and their patients. Integra Partners was established in 2005 and is based in New York City.

Sell -
DESCRIPTION

Salem Investment Partners specializes in debt and equity investments in privately-held, middle-market businesses across the Southeast and Mid-Atlantic regions of the US. Salem looks to invest $2 to $10 million per transaction to help support growth, acquisitions, recapitalizations, and buyouts. Sectors of interest include business services, light manufacturing, consumer products, and distribution. Salem Investment Partners was formed in 1999 and is based in Greensboro, North Carolina.


DEAL STATS #
Overall 27 of 58
Sector: Apparel/Textiles M&A 4 of 4
Type: Secondary Buyout M&A Deals 4 of 5
State: Texas M&A 1 of 2
Country: United States M&A 27 of 58
Year: 2015 M&A 7 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-01 DeWayne s Quality Metal Coatings

Lexington, Tennessee, United States

DeWayne’s Quality Metal Coatings is a manufacturer that provides a variety of metal finishing services to customers in the automotive, agricultural equipment, fastener, heavy truck, industrial, appliance, and lawn, and garden equipment industries. DeWayne's Quality Metal Coatings was founded in 1990 and is based in Lexington, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-26 Acme Finishing

Elk Grove Village, Illinois, United States

Acme Finishing is a provider of powder coating, liquid coating, and decorative powder coating to customers competing in the lighting, automotive, fencing, and medical industries among others. Acme Finishing was founded in 1932 and is based in Elk Grove Village, Illinois.

Buy -

Seller(S) 1

SELLER

Blue Sage Capital

Austin, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 400M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Blue Sage Capital is a private investment firm that invests in lower middle-market companies that have the potential to become market leaders. Target businesses typically generate sales of $20 to $125 million and are valued up to $125 million. Blue Sage is a generalist firm with broad industry interest. Target sectors include industrial, distribution, service, healthcare, manufacturing, energy and media. Blue Sage geographically prefers companies located in Texas and the Southwest US. Blue Sage will not invest in banks, life insurance companies, oil and gas exploration and development projects, real estate development or companies located outside of the United States. Blue Sage was formed in 2003 and is based in Austin, Texas.


DEAL STATS #
Overall 11 of 23
Sector: Apparel/Textiles M&A 1 of 1
Type: Secondary Buyout M&A Deals 3 of 6
State: Texas M&A 7 of 9
Country: United States M&A 10 of 22
Year: 2015 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-08 Mr Gatti s Pizza

Fort Worth, Texas, United States

Mr Gatti's Pizza is an operator of a chain of restaurants. Mr Gatti's Pizza was founded in 1969 and is based in Austin, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-04 Marine Accessories

Maryville, Tennessee, United States

Marine Accessories Corp. is a manufacturer, distributor and aftermarket supplier of custom tower and canvas products and other related accessories to OEMs, dealers, retailers and distributors, as well as direct to consumers within the marine market. MAC is headquartered in Maryville, Tennessee and has eight manufacturing and distribution facilities located primarily in the U.S.

Buy -