M&A Deal Summary

White Cap Acquires Crimson Steel Supply

On April 8, 2024, White Cap acquired metals/mining company Crimson Steel Supply from Argonaut Private Equity

Acquisition Highlights
  • This is White Cap’s 1st transaction in the Metals/Mining sector.
  • This is White Cap’s 11th transaction in the United States.
  • This is White Cap’s 2nd transaction in Oklahoma.

M&A Deal Summary

Date 2024-04-08
Target Crimson Steel Supply
Sector Metals/Mining
Buyer(s) White Cap
Sellers(s) Argonaut Private Equity
Deal Type Add-on Acquisition
Advisor(s) D.A. Davidson (Financial)

Target

Crimson Steel Supply

Tulsa, Oklahoma, United States
Crimson Steel Supply is a full-service rebar fabricator, wire mesh supplier, and structural steel components for use mainly in highway and roadway projects. Crimson Steel Supply components include but are not limited to, expansion joints, handrails, and grates. Crimson Steel Supply was founded in 2010 and is based in Tulsa, Oklahoma.

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Buyer(S) 1

Buyer

White Cap

Norcross, Georgia, United States

Category Company
Founded 1976
Sector Distribution
DESCRIPTION

White Cap is a distributor of specialty concrete and construction products. White Cap serves as a one-stop shop providing concrete accessories and chemicals, tools and equipment, building materials and fasteners, erosion and waterproofing and safety products to professional contractors by meeting their distinct and customized supply needs in non-residential, residential and industrial applications. White Cap was formed in 1976 and is based in Norcross, Georgia.


DEAL STATS #
Overall 12 of 34
Sector: Metals/Mining M&A 1 of 2
Type: Add-on Acquisition M&A Deals 11 of 33
State: Oklahoma M&A 2 of 2
Country: United States M&A 11 of 31
Year: 2024 M&A 1 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-12 BrownCo

Tulsa, Oklahoma, United States

BrownCo is a distributor of specialty concrete products for commercial and highway and bridge contractors. BrownCo is based in Tulsa, Oklahoma.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-15 Bend Construction Supply

Bend, Oregon, United States

Bend Construction Supply is a specialty distributor of products for concrete, mechanical, and electrical contractors. Bend Construction Supply was founded in 2002 and is based in Bend, Oregon.

Buy -

Seller(S) 1

SELLER

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 11 of 12
Sector: Metals/Mining M&A 2 of 2
Type: Add-on Acquisition M&A Deals 6 of 7
State: Oklahoma M&A 6 of 6
Country: United States M&A 11 of 12
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-13 Legacy Building Solutions

South Haven, Minnesota, United States

Legacy Building Solutions specializes in manufacturing and erecting tension fabric buildings using a patented attachment system for integrating fabric cladding with a steel frame. Legacy Building Solutions is based in South Haven, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-31 Layco Electric Innovations

Tulsa, Oklahoma, United States

Layco Electric Innovations manufactures a wide range of engineered control panel products that include enclosed control buildings, fuel racks, control centers, switch racks, and transformers. The Company also specializes in troubleshooting and repairing electric motors, servomotors, and motor controllers from nearly all blue chip manufacturers. Layco Electric Innovations was founded in 1945 and is based in Tulsa, Oklahoma.

Buy -