Argosy Capital

Since 1990, Argosy Private Equity has provided experienced management teams with entrepreneurial capital to grow their businesses. The Argosy team focuses on creating value in their investments – typically lower middle market business services and manufacturing companies. This is accomplished by investing in inefficient markets where creativity, hard work, and disciplined risk-taking can generate exceptional returns for the benefit of all stakeholders.
JM

Jon M. Aronson

Director of Performance and Analytics

Michael Bailey

Partner

JB

John Broderick

Operating Partner

Sarah Busch

Principal, Investor Relations and Marketing

David Butler

Managing Partner

Donald Charlton

Deal / Operating Partner

Jason M. Cunningham

VP, Business Development

MR

Matthew R. Erbe

VP

PG

Paul Grassinger

VP of Finance, Administration and Tax

Kirk Griswold

Founding Partner

JP

John P. Kirwin III

Founding Partner and CEO

John Kirwin

Founding Partner and CEO

Melanie Lyren

Chief Compliance Officer

Steven J. Morgenthal

MD and Operating Partner

Nancy H. Mourse

Administrative Director, VP – Controller and Accounting Manager

John "Jack" Nugent

Partner

JN

Jack Nugent

Partner

CO

Casey O’Rourke

Senior Associate

Aaron Parker

VP

SR

Sarah Roth

COO and CFO

Richard Schwenk

COO and CFO

Keven Shanahan

Partner

Lane Wiggers

MD, Operating Partner Program

DY

David Young

Associate

49 past transactions

AP Services

Private Equity Round in 2010
AP Services is a leading supplier of fluid sealing technologies and services to the nuclear and fossil power generation markets, with proven performance in delivering solutions that improve plant reliability and safety, and also reduce operation and maintenance (O&M) costs.

Groome Industrial

Private Equity Round in 2019
Groome is a Provider of turnkey maintenance services to the natural-gas power generation, petrochemical, medical, shipping, and manufacturing industries.

HB&G Building Products, Inc.

Acquisition in 1998
HB&G Building Products, Inc. designs, manufacturers, and installs fiberglass columns and synthetic porch products for use in home or commercial building applications. The company offers fiberglass, architectural wood, and aluminum columns, as well as PVC columns and wraps; porch posts; porch railing products; balustrade systems; ceiling products; and fiberglass and cellular PVC pergola systems. It sells its products through a network of dealers in the United States. The company was founded in 1880 and is based in Troy, Alabama.

Linx Technologies, Inc.

Acquisition in 2015
Linx Technologies, Inc. develops and manufactures wireless products. It offers radio frequency (RF) modules, integrated circuits, and interface modules that include transceivers, RF module evaluation and development kits, TX/encoders and RX/decoders, transmitters and receivers, transcoders, and USB interface modules; GPS and GNSS receiver modules; and remote control products for basic remote control or command applications. The company also provides antenna evaluation kits, small external antennas, embedded or internal antennas, GPS antennas, and gain and multi-band antennas; and RF connectors, battery holders, and cable assembles and crimping kits. In addition, it offers design services, including board layout assistance, programming, certification advice, and packaging design. The company’s products are sold by distributors in the United States and interracially. Linx Technologies, Inc. was incorporated in 1997 and is based in Merlin, Oregon with operations in Colorado, Pennsylvania, Washington D.C., and Florida; and Chennai, India.

Panhandle Oilfield Service Companies, Inc.

Private Equity Round in 2013
Panhandle Oilfield Service Companies is an oil field services provider which serves a diversified base of customers in nine states. The Company operates in several high growth areas of oil and gas exploration and production, including the Mississippian Lime formation, the Marcellus shale and the Utica shale formations. The Company’s customers are primarily major oil and gas producers.

Rita's Water Ice Franchise Company, LLC

Private Equity Round in 2016
Rita's Water Ice Franchise Company, LLC, doing business as Rita’s, operates and franchises Italian ice stores in the United States. Its stores offer Italian ice, cream ice, sugar-free Italian ice, frozen custard, sundaes, gelati, Misto drinks, mix-ups, milkshakes, toppings, frozen drinks, frozen custard cakes, and custard cookie sandwiches. The company was founded in 1984 and is headquartered in Trevose, Pennsylvania.

AUC Group, L.P.

Private Equity Round in 2015
AUC provides both large, field erected permanent treatment plants as well as flexible, modular treatment plants that are designed to expand as needs arise. AUC has successfully completed more than 1,000 plants in our history, ranging in capacity from 5,000 gallons per day to over 1,500,000 gallons per day.AUC has historically focused on the Texas market, however the company has completed numerous projects in other states including: Alabama, Arkansas, Arizona, California, Colorado, Indiana, Louisiana, Missouri, New Mexico and Oklahoma. In addition, we have completed projects in Mexico and El Salvador. AUC is capable of providing work in all 50 States as well as internationally.

Nationwide Industries Inc.

Acquisition in 2016
Nationwide Industries offers innovative hardware solutions for Fence and Railing Professionals. They design and manufacture quality hardware and components for the building materials industry. They are the leading industry resource with over 2,000 SKUs comprised of steel, aluminum, stainless steel, glass-filled nylon, die castings, for simple components or high tech solutions. As an industry leader, they provide the best possible balance of value, service and innovation.

Carats & Cake

Series A in 2022
Launched in 2013, the platform is an edit of the best of weddings across the country to allow couples to find top vendors and venues in their location of interest. Carats & Cake believes in empowering wedding businesses by bringing their brands to life through real content and helping them run more efficiently through smart, elegant tools.

Walpole Outdoors, LLC

Acquisition in 2019
Walpole Outdoors, LLC manufactures and supplies PVC landscape equipment and structures, such as fences, pergola, gates, outdoor lamps, lantern posts, outdoor furniture, railings, garden and accent lattice, buildings and sheds, and wooden playsets. The company also retails its products through stores and an online platform. Walpole Outdoors, LLC was founded in 1933 and is based in Norwood, Massachusetts with additional offices in Bermuda, Connecticut, Illinois, Massachusetts, Maryland, New Hampshire, New Jersey, New York, Pennsylvania, and Rhode Island.

KMCO

Debt Financing in 2012
KMCO delivers superior specialty chemical manufacturing and toll processing services to many of the world’s largest chemical companies. Our facility has batch and continuous distillation and multiple reaction capabilities producing over 900 million pounds per year of toll manufacturing products. KMCO’s chemical processing operations are backed by the values we live by: a dedication to safety, protection of the environment, treating people well, upholding quality in our products and services, operating with integrity, and being a good neighbor in our community.

Sure Fit

Private Equity Round in 2009
Sure Fit manufactures and distributes ready-made slipcovers and related accessories. Its product line includes slipcovers for sofas, loveseats, chairs, oversized chairs, wing chairs, dining room chairs, recliners, ottomans, and folding chairs, as well as furniture throws. The company also sells decorative pillows, as well as offers various styles in machine-washable fabrics, including faux silk and faux suede, cotton, denim, matelasse, chenille, damask, and jacquard for box cushion and T-cushion furniture. Sure Fit, Inc. offers its products through retail stores.

Revive Personal Products

Acquisition in 2008
Revive Personal Products These are products that were pushed aside by “the pill” and other birth control devices, but still retain their usefulness for large numbers of women who can’t or choose not to use hormone-based birth control. Now positioned as “The Women’s Way to Prevent Pregnancy” and shelved near condoms in retail stores, the products are gaining new distribution and growing. And for women reaching the end of their child-bearing years, the Options brand includes Healthy Woman Soy Menopause Supplement – a supplement to ease the symptoms of menopause.

Enefco International

Acquisition in 2011
Enefco USA, Inc. manufactures footwear components, industrial cutting dies, and cleaning cards in the United States. Its footwear components include men’s dress shoes, women’s pumps, hiking boots, combat boots, western boots, sport shoes, skates, slush molded footwear, and theatrical and clown shoes. The company’s industrial cutting dies comprise presharp, forged, milled, crafting marker, flatbed machine, radio frequency, and CNC machining and CNC milled dies. Its cleaning cards are designed to remove dirt, dust, oils, and other contaminates from equipment. The company serves distributors, retailers, OEM’s, and suppliers of the U.S. military. Enefco USA, Inc. was founded in 1928 and is based in Auburn, Maine.

SirsiDynix

Private Equity Round in 2015
SirsiDynix are committed to their library customers and the communities they serve. Together with libraries, they help communities thrive by connecting people with library resources that educate and inspire. Their commitment extends beyond software and technical support - it means genuine service, to their libraries and to the industry.

Cattron Holdings Inc.

Acquisition in 2003
Cattron Group International designs and supplies of radio remote controls for cranes, locomotives, material handling equipment, mining machinery, mobile equipment, ship loaders, and agricultural machinery, wireless control and automation products, systems, and aftermarket services for the industrial, rail, and mobile industries worldwide.

Fairway Railing

Acquisition in 2014
Fairway Architectural Railing Solutions is a provider of cellular PVC, aluminum, steel, vinyl and composite railing systems and accessories for residential and design-build applications.

Casual Living Unlimited

Acquisition in 2016
Casual Living Unlimited is a development and manufacturing of beautifully-designed, high-quality outdoor furniture,including the Breezesta brand of products.

American Leather

Private Equity Round in 2012
American Leather makes premium custom-upholstered leather and fabric furniture at its Dallas, Texas, manufacturing facility. Recognized as the industry leader in innovation, American Leather delivers high-quality, made-to-order contemporary and transitional furniture in three weeks or less to its retailers – a delivery standard approximately three times faster than the industry average.

Linkage, Inc.

Private Equity Round in 2013
Linkage, Inc. provides leadership development, coaching, and conference services. It offers digital leadership development, in-person leadership development, consulting, and leadership assessments. The company serves automotive, grocery, financial services, business services, energy and utilities, healthcare and pharmaceuticals, manufacturing, retail, technology, and travel and leisure industries. Linkage, Inc. was founded in 1988 and is headquartered in Burlington, Massachusetts with additional offices internationally.

Sinterfire, Inc.

Acquisition in 2012
Sinterfire, Inc. designs, manufactures, and supplies ammunition components for OEM and independent ammo companies worldwide. It offers heat treated lead free copper/tin frangible projectiles primarily for training, competition, and general shooting applications. The company was founded in 1998 and is based in Kersey, Pennsylvania.

Joliet Electric Motors

Private Equity Round in 2008
Joliet Electric Motors has been supplying North America with quality and value in large electric motors and repair services for over 75 years. We serve everyone from paper mills and steel mills to the chemical and OEM manufacturing industries. The company's products and services include oil field traction motors, large AC and DC electric motors, severe duty electric motors, 2-speed electric motors, balancing services, maintenance training, rebuilt electric motors to 10,000 HP, high-efficiency electric motors, high-torque electric motors, AC and DC electric motor repair and rebuild service and used electric motor procurement.

Flow Dry Technology, Inc.

Private Equity Round in 2014
Flow Dry Technology is a provider of moisture control products and gaskets.

Paragon

Acquisition in 2017
Paragon has been providing an unmatched level of commitment to tackling the nuclear industry’s most difficult challenges. Dedicated to quality, safety, and reliability, Paragon takes pride in delivering premium products to our clients by utilizing our superior technical expertise, advanced technology, and ongoing devotion to customer satisfaction.

Capewell Aerial Systems

Acquisition in 2018
Capewell Aerial Systems is a provider of engineered products for aerial delivery, life support and tactical gear for military, law enforcement and humanitarian agencies worldwide. Founded in 1881, Capewell has thrived by helping customers conceive, engineer, prototype, manufacture and field test products that must perform flawlessly in critical situations.

Parker School Uniforms, LLC

Acquisition in 2015
Parker School Uniforms, L.L.C. designs, develops, and manufactures uniforms for students in the United States. It provides khaki pants, sweaters, and polo shirts, as well as skirts and jumpers. The company offers its products through retail outlets, as well as online. Parker School Uniforms, L.L.C. was founded in 1931 and is based in Houston, Texas. It has locations in Kansas, Tennessee, Texas, Kentucky, Louisiana, Mississippi, and Oklahoma. On January 13, 2018, Parker School Uniforms, L.L.C. filed a voluntary petition for liquidation under Chapter 7 in the U.S. Bankruptcy Court for the District of Delaware.

U-C Coatings Corporation

Private Equity Round in 2013
U-C Coatings is the premier manufacturer and supplier of wood protection products and end paints for the North American hardwood market. Its products include ANCHORSEAL® end sealer for logs and lumber, GEMPAINT® lumber tagging paints and SEAL-ONCE® waterproofers. The company is headquartered in Buffalo, New York, with seven additional third-party logistics facilities.
Library Systems & Services, LLC offers analysis and consulting, collections and technology, and planning and management services for libraries. It offers cataloging and processing, facilities operations, design and space utilization, staffing support, archives, trade, energy, social security, and automated systems management services. The company serves municipalities and federal sectors. Library Systems & Services, LLC was founded in 1981 and is based in Rockville, Maryland.

Autocrat

Private Equity Round in 2011
Autocrat is a privately held leader in extracts we have invested millions of dollars and thousands of personnel hours expanding our expertise to be innovative suppliers of the highest quality natural ingredients. Our state-of-the-art Pilot Plant and Research & Development Lab significantly increases speed to market and assists customers in bringing competitively advantaged food and beverage products to market.

Wisconsin Film & Bag, Inc.

Private Equity Round in 2007
Wisconsin Film & Bag! is a custom manufacturer of mono-layer polyethylene bags and film ranging from large pallet covers to shrink bundle film and shrink bags. Their high performance film extrusion, in-line bag converting and state of the art blending system allows us to create specialty blends to meet your application performance requirements.

Atlantic Diagnostic Laboratories

Debt Financing in 2012
Atlantic Diagnostic Laboratories provides microbiology, chemistry, toxicology, immunology, and virology testing services for Pennsylvania, New Jersey, New York, Delaware, Maryland, Connecticut, District of Columbia, Virginia, Florida, Ohio, Kentucky and West Virginia. They are dedicated for providing personalized, efficient, quality-oriented laboratory services in their state-of-the-art 26,000 square foot facility. They are a growing force in the healthcare industry, and have been providing customized service to a wide array of clientele, including Physicians Offices, Pain Management Clinics, Drug Rehabilitation Clinics, Nursing Homes, Hospitals and more for over thirty years.

Sussex Wire

Acquisition in 2012
Sussex Wire is a cold forming and roll forming company that collaborates with clients’ design engineers to lower cost, increase mechanical durability and reduce carbon footprint for component part tolerances down to +/- 0.0005”. The company specializes in critical custom applications in the medical device, healthcare consumables, aerospace, defense, consumer electronics, semi-conductor and hermetic assembly market segments.

Reed City Tool

Acquisition in 2017
Reed City Group is a full-scale mold building, press making and plastic injection molding company based in Reed City, Michigan. Best known in global industries for our turnkey garage door panel and steel roof shingle hydraulic press manufacturing, our highly skilled team also provides a complete range of services, including: mold building, plastic injection molding, custom tooling, automation solutions and 3D printing. From mold design to part testing, we are a facility built on core skilled trades. Our values of integrity, attention to detail and customer service are evident in all our products and services.

ranger aerospace

Private Equity Round in 2014
Ranger Aerospace, LLC is a private equity and venture capital firm specializing in middle market, mature, turnaround, late venture, recapitalization, buyouts, venture-capitalized mergers and acquisitions, and industry consolidation. The firm also makes mezzanine and venture debt investments. It prefers to invest in aviation, aerospace, airline services, helicopter services, MRO, aircraft engineering, and airfield services sectors. Its area of interest includes but is not limited to Heavy Commercial MRO, logistics and cargo services; airfield service operations; aftermarket parts and components overhaul/re-sale; government outsourcing services; engineering and overhauls, and precision and specialty manufacturing. It typically invests in companies based in North America and Europe. The firm seeks to invest in companies having minimum revenues of $10 million and a minimum EBITDA of $2 million. It also co-invests with other firms and with large institutional investors as fellow shareholders. Ranger Aerospace LLC was founded in 1997 and is based in Greenville, South Carolina with additional offices in Colorado Springs, Colorado; Dallas and Ft. Worth, Texas; Philadelphia and Berwyn, Pennsylvania; Hartford and Westport, Connecticut; San Diego, California; Naples and Orlando, Florida; Charlotte and Chicago, Illinois, La Jolla, California; New York, new York; and Fayetteville, North Carolina.

Pramata Corporation

Series A in 2015
Pramata ensures B2B frontline teams always know what's in their customer contracts—what they’ve ordered, current pricing, renewal dates and key terms—so they can act with confidence to strengthen their customer relationships and maximize revenue. Pramata's Commercial Relationship Data Platform intelligently gathers and organizes the most accurate contract and order data for every customer, and delivers it as actionable insights—via CRM, Customer 360, or Q2C systems. Pramata has helped create millions of dollars in value for some of the largest companies in the world, including CenturyLink, Comcast Business, McKesson, FICO, NCR, Novelis, and Vertafore. Pramata was founded in 2005 and is headquartered in Brisbane, CA, USA.

ranger aerospace

Acquisition in 2014
Ranger Aerospace, LLC is a private equity and venture capital firm specializing in middle market, mature, turnaround, late venture, recapitalization, buyouts, venture-capitalized mergers and acquisitions, and industry consolidation. The firm also makes mezzanine and venture debt investments. It prefers to invest in aviation, aerospace, airline services, helicopter services, MRO, aircraft engineering, and airfield services sectors. Its area of interest includes but is not limited to Heavy Commercial MRO, logistics and cargo services; airfield service operations; aftermarket parts and components overhaul/re-sale; government outsourcing services; engineering and overhauls, and precision and specialty manufacturing. It typically invests in companies based in North America and Europe. The firm seeks to invest in companies having minimum revenues of $10 million and a minimum EBITDA of $2 million. It also co-invests with other firms and with large institutional investors as fellow shareholders. Ranger Aerospace LLC was founded in 1997 and is based in Greenville, South Carolina with additional offices in Colorado Springs, Colorado; Dallas and Ft. Worth, Texas; Philadelphia and Berwyn, Pennsylvania; Hartford and Westport, Connecticut; San Diego, California; Naples and Orlando, Florida; Charlotte and Chicago, Illinois, La Jolla, California; New York, new York; and Fayetteville, North Carolina.

AUC Group, L.P.

Acquisition in 2015
AUC provides both large, field erected permanent treatment plants as well as flexible, modular treatment plants that are designed to expand as needs arise. AUC has successfully completed more than 1,000 plants in our history, ranging in capacity from 5,000 gallons per day to over 1,500,000 gallons per day.AUC has historically focused on the Texas market, however the company has completed numerous projects in other states including: Alabama, Arkansas, Arizona, California, Colorado, Indiana, Louisiana, Missouri, New Mexico and Oklahoma. In addition, we have completed projects in Mexico and El Salvador. AUC is capable of providing work in all 50 States as well as internationally.

Olympia Chimney Supply

Private Equity Round in 2012
Olympia Chimney Supply is a designer, manufacturer and distributor of premium stainless steel chimney liners, venting systems for heating appliances, and other related accessories to venting professionals and hearth retailers.

Groome Industrial

Acquisition in 2019
Groome is a Provider of turnkey maintenance services to the natural-gas power generation, petrochemical, medical, shipping, and manufacturing industries.

Great Western Leasing & Sales, Inc.

Private Equity Round in 2015
Great Western Leasing & Sales, Inc. is North Americas leading Leasing, Rental and Sales Company for Semi Trailers. We are a top distributor for Fontaine Trailer Company, Fontaine Heavy Haul, Wilson Trailer Company, Clement Trailers, XL Specialized, Side Dump Industries, CPS, Manac, Trailmobile, CTS, Muvall, and Chameleon Tarp Systems. Additionally, Great Western Leasing & Sales, Inc. stocks more used trailers than anyone in the United States.

ACL Airshop

Private Equity Round in 2016
ACL AirShop Inc. leases, sells, repairs, and manages unit load devices (ULD) for air carriers in Europe, North America, South America, Africa, Australia, and internationally. It offers pallets, containers, air cargo pallets, fire containment covers, and pallet stacker products. The company also manufactures cargo nets and straps. ACL AirShop Inc. is based in Greenville, South Carolina. It has manufacturing facilities in the United States and Europe; and operational footprint in North America, Latin America, and Europe.
Rita's Water Ice Franchise Company, LLC, doing business as Rita’s, operates and franchises Italian ice stores in the United States. Its stores offer Italian ice, cream ice, sugar-free Italian ice, frozen custard, sundaes, gelati, Misto drinks, mix-ups, milkshakes, toppings, frozen drinks, frozen custard cakes, and custard cookie sandwiches. The company was founded in 1984 and is headquartered in Trevose, Pennsylvania.

CBT Technology

Private Equity Round in 2011
manufactures and distributes front panels, enclosures, and accessories.The Company offers aluminum extruded enclosures, custom aluminum extrusions, custom bezels, circuit board extractors, and other related products. CBT Technology operates in the United States and China.

ECS Environmental Systems

Acquisition in 2018
ECS Environmental Systems develops, designs, and manufactures environmental systems and equipment for the municipal odor control market. It offers various odor control systems, such as activated carbon systems, chemical scrubbers, X-Pac degasifiers, and biological solutions. The company also offers a range of accessories, equipment repair, installation, and other services. It serves municipalities, engineering firms, developers, private individuals, and OEM clients in North America. The company offers its products through sales representatives. ECS Environmental Systems was founded in 1995 and is based in Belton, Texas.