Argonaut Private Equity

Argonaut Private Equity, founded in 2002 and based in Tulsa, Oklahoma, is a private equity firm that manages over $3 billion in capital across various industry sectors. The firm focuses on building emerging market leaders by making equity investments ranging from $1 million to $200 million in diverse markets, including consumer electronics, specialty materials, telecommunications, software, aviation, and healthcare technology. Unlike traditional private equity firms, Argonaut operates with flexibility in investment size, stage, sector, and geography, allowing for quick decision-making without the constraints of fund restrictions on subsequent investments or exit timing. Its portfolio includes investments in countries such as the United States, Israel, India, China, the Netherlands, South Korea, and Australia.

Kelby Hagar

President and Managing Director

Anil Khatod

Senior Partner and Managing Director

Steven Mitchell

CEO and Managing Director

28 past transactions

Crimson Steel Supply

Acquisition in 2021
Crimson Steel Supply is a full-service rebar fabricator, wire mesh supplier, and highway/roadway structural steel fabricator. It has been winning over its customers with its combination of reliable fabrication and superior customer service. It aims to get better every day and do whatever it takes to get the job done right. It was founded in 2010 and is headquartered in Tulsa, Oklahoma.

Alkami

Series E in 2019
Alkami Technology, Inc. specializes in providing cloud-based digital banking solutions tailored for credit unions and banks. The company's ORB Platform is a comprehensive Software-as-a-Service offering that encompasses a wide range of features for retail and business banking, including person-to-person payments, card controls, account aggregation, payroll management, and analytics. Alkami's solutions enable financial institutions to enhance user onboarding, engagement, and account servicing, while also offering integrated mobile banking and intelligent content delivery services. The platform allows clients to customize their experience by incorporating additional Alkami products or third-party solutions. Founded in 2007 and headquartered in Plano, Texas, Alkami Technology was previously known as iThryv, LLC before rebranding in 2010.

Mammoth Carbon Products

Acquisition in 2019
Mammoth Carbon Products, LLC is a distributor of carbon steel pipes, specializing in products for the energy, petrochemical, and construction industries. Established in 2014 and based in The Woodlands, Texas, the company offers a diverse range of pipe types, including electric resistance welded, seamless, and spiral welded pipes, adhering to various specifications such as ASTM and API standards. In addition to its distribution services, Mammoth Carbon Products provides pipe calculator services to assist clients in determining pipe weight and pricing. With additional offices in Scottsdale, Arizona; Denver, Colorado; and San Francisco, California, the company aims to deliver streamlined and ethical business practices, ensuring positive outcomes for customers, vendors, and employees alike.

Mammoth Carbon Products

Private Equity Round in 2019
Mammoth Carbon Products, LLC is a distributor of carbon steel pipes, specializing in products for the energy, petrochemical, and construction industries. Established in 2014 and based in The Woodlands, Texas, the company offers a diverse range of pipe types, including electric resistance welded, seamless, and spiral welded pipes, adhering to various specifications such as ASTM and API standards. In addition to its distribution services, Mammoth Carbon Products provides pipe calculator services to assist clients in determining pipe weight and pricing. With additional offices in Scottsdale, Arizona; Denver, Colorado; and San Francisco, California, the company aims to deliver streamlined and ethical business practices, ensuring positive outcomes for customers, vendors, and employees alike.

Alkami

Series D in 2018
Alkami Technology, Inc. specializes in providing cloud-based digital banking solutions tailored for credit unions and banks. The company's ORB Platform is a comprehensive Software-as-a-Service offering that encompasses a wide range of features for retail and business banking, including person-to-person payments, card controls, account aggregation, payroll management, and analytics. Alkami's solutions enable financial institutions to enhance user onboarding, engagement, and account servicing, while also offering integrated mobile banking and intelligent content delivery services. The platform allows clients to customize their experience by incorporating additional Alkami products or third-party solutions. Founded in 2007 and headquartered in Plano, Texas, Alkami Technology was previously known as iThryv, LLC before rebranding in 2010.

Alkami

Series C in 2017
Alkami Technology, Inc. specializes in providing cloud-based digital banking solutions tailored for credit unions and banks. The company's ORB Platform is a comprehensive Software-as-a-Service offering that encompasses a wide range of features for retail and business banking, including person-to-person payments, card controls, account aggregation, payroll management, and analytics. Alkami's solutions enable financial institutions to enhance user onboarding, engagement, and account servicing, while also offering integrated mobile banking and intelligent content delivery services. The platform allows clients to customize their experience by incorporating additional Alkami products or third-party solutions. Founded in 2007 and headquartered in Plano, Texas, Alkami Technology was previously known as iThryv, LLC before rebranding in 2010.

Pivot3

Series H in 2016
Pivot3 is a provider of software infrastructure services aimed at simplifying data center operations by integrating storage, compute, and network resources into a cohesive solution. The company offers Dynamic Hyperconverged Infrastructure and PCIe Flash Arrays that optimize resource utilization, ensure high availability, and support mission-critical applications. Pivot3’s technologies help organizations lower their IT infrastructure costs, enhance revenue generation, improve customer satisfaction, and boost employee productivity. With a diverse portfolio tailored for various applications such as server virtualization, data center consolidation, and disaster recovery, Pivot3 has established a significant global presence, deploying over 16,000 hyperconverged infrastructures and flash storage solutions across 53 countries. Its client base spans mid-sized firms to major corporations in sectors including energy, aerospace, logistics, telecommunications, and retail. Through partnerships with technology and system integration firms, Pivot3 is committed to advancing smart IT infrastructures that pave the way for the future of software-defined data centers.

Siklu

Series D in 2015
Siklu Communication Ltd. is a company based in Petach Tikva, Israel, that specializes in developing gigabit throughput E-band and V-band radios for a diverse range of clients, including service providers, mobile operators, enterprises, and government entities. Founded in 2007, Siklu offers various wireless communication solutions, such as small cell backhaul, LTE/LTE-A backhaul, WiFi backhaul, and business broadband connectivity. The company focuses on providing reliable millimeter wave radio products that support 5G backhaul applications, enhancing connectivity in urban, suburban, and rural settings. Siklu's technology is designed to deliver scalable, multigigabit capacity and performance, making it suitable for smart city networks, wireless security networks, enterprise connectivity, and residential broadband services.

Pivot3

Series G in 2015
Pivot3 is a provider of software infrastructure services aimed at simplifying data center operations by integrating storage, compute, and network resources into a cohesive solution. The company offers Dynamic Hyperconverged Infrastructure and PCIe Flash Arrays that optimize resource utilization, ensure high availability, and support mission-critical applications. Pivot3’s technologies help organizations lower their IT infrastructure costs, enhance revenue generation, improve customer satisfaction, and boost employee productivity. With a diverse portfolio tailored for various applications such as server virtualization, data center consolidation, and disaster recovery, Pivot3 has established a significant global presence, deploying over 16,000 hyperconverged infrastructures and flash storage solutions across 53 countries. Its client base spans mid-sized firms to major corporations in sectors including energy, aerospace, logistics, telecommunications, and retail. Through partnerships with technology and system integration firms, Pivot3 is committed to advancing smart IT infrastructures that pave the way for the future of software-defined data centers.

Pivot3

Series E in 2014
Pivot3 is a provider of software infrastructure services aimed at simplifying data center operations by integrating storage, compute, and network resources into a cohesive solution. The company offers Dynamic Hyperconverged Infrastructure and PCIe Flash Arrays that optimize resource utilization, ensure high availability, and support mission-critical applications. Pivot3’s technologies help organizations lower their IT infrastructure costs, enhance revenue generation, improve customer satisfaction, and boost employee productivity. With a diverse portfolio tailored for various applications such as server virtualization, data center consolidation, and disaster recovery, Pivot3 has established a significant global presence, deploying over 16,000 hyperconverged infrastructures and flash storage solutions across 53 countries. Its client base spans mid-sized firms to major corporations in sectors including energy, aerospace, logistics, telecommunications, and retail. Through partnerships with technology and system integration firms, Pivot3 is committed to advancing smart IT infrastructures that pave the way for the future of software-defined data centers.

Excellence Engineering

Private Equity Round in 2014
Excellence Engineering, Inc. coordinates our full service engineering services to develop solutions for facilities such as terminals, refining, gas processing, and chemical related sectors of the Oil and Gas Industry. EEI was established in 2001, originally focusing on the Electrical, Instrumentation and Controls Engineering sector of the industry. With huge success, client demand and growth in project sizes, Excellence has grown to a full service engineering company focusing on the growth and needs of the oil and gas industry striving to support the country's energy independence.

Aspen Aerogels

Debt Financing in 2012
Aspen Aerogels, Inc. specializes in the design, development, manufacturing, and sale of advanced aerogel insulation products. These products are primarily aimed at the energy infrastructure and building materials markets globally. Key offerings include Pyrogel XTE, which mitigates corrosion under insulation in energy systems, and Cryogel Z, designed for cryogenic applications. The company also provides various solutions for the power generation sector and specialized insulation for subsea oil production. In addition to insulation products, Aspen Aerogels engages in contract research and development, collaborating with U.S. government agencies such as the Department of Defense and the Department of Energy. Founded in 2001 and headquartered in Northborough, Massachusetts, Aspen Aerogels is recognized for its high-performance insulation that significantly outperforms traditional materials in thermal management and energy conservation.

Siklu

Series B in 2011
Siklu Communication Ltd. is a company based in Petach Tikva, Israel, that specializes in developing gigabit throughput E-band and V-band radios for a diverse range of clients, including service providers, mobile operators, enterprises, and government entities. Founded in 2007, Siklu offers various wireless communication solutions, such as small cell backhaul, LTE/LTE-A backhaul, WiFi backhaul, and business broadband connectivity. The company focuses on providing reliable millimeter wave radio products that support 5G backhaul applications, enhancing connectivity in urban, suburban, and rural settings. Siklu's technology is designed to deliver scalable, multigigabit capacity and performance, making it suitable for smart city networks, wireless security networks, enterprise connectivity, and residential broadband services.

Crown Bioscience

Series C in 2011
CrownBio is a Cutting Edge Translational Technology Company Making Precision Medicine a Reality CrownBio brings clarity to drug discovery around the world by helping biopharmaceutical companies solve some of today's most pressing challenges in oncology, cardiovascular, and metabolic disease Drug Discovery. Their premier Translational Platforms for cancer and metabolic disease help our clients accelerate their new drug development programs. CrownBio develops world-leading preclinical efficacy models and provides both in vitro and in vivo testing services and preclinical research products. They are a global company with facilities across the world in the United States, United Kingdom, China, and Taiwan.

Yulex

Venture Round in 2011
Yulex Corporation specializes in the production of natural rubber materials derived from the guayule plant. Founded in 1997 and headquartered in Chandler, Arizona, with an office in San Diego, the company is recognized as a leader in guayule crop science and the development of renewable products. Yulex offers a range of products, including non-sensitized natural rubber, guayule-based specialty rubber, emulsion rubber, and solid natural rubber. Additionally, the company provides custom compounding, adhesive and foam formulation, as well as training and consulting services. Through its innovations in plant breeding, biotechnology, and proprietary processing technologies, Yulex has established a significant presence in both the medical and sustainable clean technology sectors, with ongoing efforts to expand internationally into other arid regions. The company's products aim to replace petroleum-based materials with safe, plant-based alternatives, contributing to a more sustainable future.

Aspen Aerogels

Venture Round in 2010
Aspen Aerogels, Inc. specializes in the design, development, manufacturing, and sale of advanced aerogel insulation products. These products are primarily aimed at the energy infrastructure and building materials markets globally. Key offerings include Pyrogel XTE, which mitigates corrosion under insulation in energy systems, and Cryogel Z, designed for cryogenic applications. The company also provides various solutions for the power generation sector and specialized insulation for subsea oil production. In addition to insulation products, Aspen Aerogels engages in contract research and development, collaborating with U.S. government agencies such as the Department of Defense and the Department of Energy. Founded in 2001 and headquartered in Northborough, Massachusetts, Aspen Aerogels is recognized for its high-performance insulation that significantly outperforms traditional materials in thermal management and energy conservation.

eYantra Industries

Venture Round in 2010
eYantra Industries Private Limited specializes in brand merchandising and corporate gifting services, offering a range of solutions designed to enhance brand connection and value. Established in 2000 and headquartered in Ranga Reddy, India, the company provides various products and services including prepaid solutions, corporate gifting, and online brand stores. Its offerings encompass tools for brand positioning, employer branding, and merchandise procurement. Notably, eYantra has developed several tailored solutions such as Confix for online brand store management, RewardX for employee recognition, and LoyaltyX to enhance customer loyalty. The company also addresses physical retail needs through RetailX, which focuses on store setup, design, and merchandise management, alongside providing consulting services through BrandX. With additional branches in major Indian cities like Bangalore, Mumbai, Delhi, and Chennai, eYantra Industries aims to connect clients, employees, and stakeholders to their respective brands effectively.

Luminus Devices

Venture Round in 2010
Luminus Devices develops and manufactures high performance, solid state lighting solutions for a variety of illumination applications previously thought impossible for solid state lighting. Its patented PhlatLight® LEDs products are the brightest and most versatile solid state light sources available today, redefining the solid state lighting landscape by enabling the creation of innovative new products and applications. PhlatLight LED technology is used today in products from leading global mass market consumer and specialty products companies.

Loylty Rewardz

Venture Round in 2009
Loylty Rewardz is a B2B loyalty and rewards management company based in Mumbai, India, founded in 2006. The company specializes in the development and management of consumer loyalty programs, providing comprehensive services that include program design, execution, and contact center management. Its platform facilitates direct marketing communication and offers redemption solutions, enabling clients to enhance customer relationships and foster loyalty. By implementing best practices and processes, Loylty Rewardz assists businesses in conceptualizing and operating effective loyalty programs that aim to create sustainable connections with their customer base.

KPR Mill Limited

Private Equity Round in 2007
KPR Mill Limited is an apparel company that manufactures superior quality knitted apparel, cotton knitted fabrics, and cotton yarn. The company utilizes "state of the art"​ processing facilities to process their products from fiber to fashion. Aside from knitting, the company specializes in printing and embroidery, in garments, and in green energy.

Cordys

Private Equity Round in 2007
Cordys is a global provider of business process management (BPM) software, headquartered in the Netherlands, with offices across the Americas, EMEA, and Asia-Pacific. The company specializes in the Cordys Business Operations Platform, which allows organizations to design, execute, monitor, and optimize their business operations. By leveraging this platform, Global 2000 companies can enhance their performance, achieving improvements in productivity, reducing time to market, and responding more effectively to dynamic market conditions. Cordys aims to empower its customers with process-oriented software that facilitates innovation and agility in their business practices.

Amimon

Series B in 2006
Amimon is a fabless semiconductor company developing wireless uncompressed HD video connectivity among CE devices. Its uncompressed Wireless High-definition Interface allows flat-panel televisions and multimedia projectors to wirelessly interface to all HDTV video sources at a quality equivalent to that achieved with wired interfaces such as component video, DVI and HDMI. It was founded in 2004 and headquartered in Herzliya, Tel Aviv.

TransPharma Medical

Series C in 2006
TransPharma Medical Ltd. is a specialty pharmaceutical company dedicated to the development and commercialization of innovative drug products using advanced transdermal drug delivery technology. The company focuses on creating solutions that enable painless delivery of peptide and protein therapeutics. Its flagship product, ViaDerm-hPTH (1-34), is designed to treat osteoporosis and is currently undergoing Phase 2B clinical trials in collaboration with Eli Lilly. In addition to this, TransPharma Medical is advancing two other peptide products that are in Phase 1 of clinical development. Through its proprietary delivery systems, the company aims to improve patient outcomes in the treatment of various conditions.

Flash Networks

Series F in 2006
Flash Networks Ltd. specializes in mobile Internet optimization and monetization solutions, enabling operators to enhance user experience while reducing operational costs. Founded in 1996 and based in Herzliya, Israel, the company offers a range of services including radio spectral efficiency, data congestion control, and cybersecurity. Flash Networks also provides solutions for subscriber engagement, roaming data management, and traffic optimization for video streaming and web services. With a presence in Europe, Asia, and North America, the company supports a diverse clientele of top-tier mobile carriers, helping them improve network efficiency and generate additional revenues from mobile Internet services. As of August 2020, Flash Networks operates as a subsidiary of Volaris Group Inc.

Luminus Devices

Series D in 2006
Luminus Devices develops and manufactures high performance, solid state lighting solutions for a variety of illumination applications previously thought impossible for solid state lighting. Its patented PhlatLight® LEDs products are the brightest and most versatile solid state light sources available today, redefining the solid state lighting landscape by enabling the creation of innovative new products and applications. PhlatLight LED technology is used today in products from leading global mass market consumer and specialty products companies.

Novariant

Series C in 2005
Novariant, Inc. specializes in precision steering and positioning solutions, providing advanced technologies for applications that require high accuracy and consistency. The company offers a comprehensive range of products, including global navigation satellite systems (GNSS), positioning sensors, steering hardware, and software data services. Novariant's innovations cater to various industries, including precision agriculture, construction, and automotive sectors, enhancing productivity through effective machine control. Founded in 1994 and based in Fremont, California, Novariant was originally known as IntegriNautics Corporation and rebranded in 2004. In 2014, the company entered into an acquisition agreement with AgJunction Inc., a leading precision GPS company.

Veraz Networks

Series A in 2003
Veraz Networks, Inc. specializes in providing voice infrastructure solutions designed for both wireline and wireless service providers. The company offers a range of products focused on bandwidth optimization, including media gateways, session bandwidth optimizers, and digital circuit multiplication equipment. Additionally, Veraz Networks provides switching products that utilize the Internet protocol multimedia subsystem, as well as session border controllers and network-adaptive border controllers. Their solutions enable service providers to efficiently transport, convert, and manage voice and data traffic over various network types, including time-division multiplexing and IP networks. The company also offers professional services such as hardware and software maintenance, installation, and training. Founded in 2001 and headquartered in San Jose, California, Veraz Networks sells its products through both direct and indirect sales channels.

The NetCommerce Company

Series A in 2000
The NetCommerce Company, an application service provider focused on the property and casualty insurance industry.
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