Lower middle market private equity firm
Argosy Private Equity
- HeadquartersWayne, PA S1
- Founded1990 S1
- Websiteargosycapital.com/private-equity
- Last verifiedOctober 26, 2026
At a glance
| Assets under management | $1.4B (as of Oct 2026) S4 |
|---|---|
| EBITDA range | $3M to $10M S2 |
| Revenue range | $10M to $100M S2 |
| Check size | $10M to $40M S2 |
| Deal types | Platform, Add-on, Minority S2 |
| Geography | United States S2 |
| Sectors | Industrial & Manufacturing, Transportation & Logistics, Construction Services, Education, Auto Services & Collision |
What Argosy Private Equity buys
Argosy Private Equity is the buyout arm of Argosy Capital in Wayne, Pennsylvania, and has invested in lower middle market companies since 1990. It looks for US businesses with $10 million to $100 million of revenue, $3 million to $10 million of EBITDA and EBITDA margins of at least 10%, and it puts in $10 million to $40 million at first, with room to go larger. It can invest common equity, preferred equity or mezzanine debt, plans to hold for three to seven years, and says its companies are often family or founder owned.
Its stated focus is specialized manufacturing, industrial services, transportation and logistics, and aviation products and services, though recent platforms also include an express car wash chain, a chimney and hearth services group and a heavy equipment training school. Argosy reports more than 140 platform investments across seven funds. Almost all of its 26 active companies are marked as seeking add-ons, which is the most likely route for a business with less than $3 million of EBITDA.
Recent deals
Announced in the 24 months before October 26, 2026.
| Date | Company | Type | Sector | Source |
|---|---|---|---|---|
| Oct 2026 | Tech Products, ESSI, ESSI Midwest and Warehouse Equipment SolutionsFamily-owned warehouse racking and conveyor installers in Texas and the Midwest, about the same size as Wize, joined Wize Solutions | Add-on | Construction Services | Source |
| Jul 2026 | K&L Freight ManagementAsset-light freight logistics provider in St. Charles, Illinois; senior management invested alongside Argosy | Platform | Transportation & Logistics | Source |
| May 2026 | InTech AerospaceHouston aircraft interior repair and overhaul station sold; Argosy had invested with Azalea Capital | Exit | Source | |
| Feb 2026 | Pulse Final MileMerged with Diverse Logistics to form a larger big-and-bulky final-mile delivery business | Investment | Transportation & Logistics | Source |
| Sep 2025 | Groome Industrial Service GroupSpecialty industrial maintenance company sold after about six years and three add-ons | Exit | Source | |
| Jun 2025 | Heavy Equipment Colleges of AmericaHeavy equipment, crane, drilling and HVAC training schools on four campuses | Platform | Education | Source |
| May 2025 | Warehouse AnywhereTech-enabled storage management for multi-location businesses; the last Fund VI platform | Platform | Source | |
| Jan 2025 | Mr. Splash Car WashSix-site express car wash chain around Madison, Wisconsin; the co-owners kept significant stakes | Platform | Auto Services & Collision | Source |
| January 2025 | Joliet Electric MotorsLarge electric motor maker sold to Hitachi | Exit | Industrial & Manufacturing | Source |
| December 2024 | Endura ServicesChimney and hearth home services group based in Kansas City | Platform | Source | |
| Nov 2024 | Rita's Franchise CompanyFrozen treat franchisor with about 600 locations, owned since December 2016 | Exit | Consumer & Food | Source |
| Nov 2024 | Western Peaks LogisticsSame-day and next-day final-mile delivery across the Mountain West | Platform | Transportation & Logistics | Source |
Portfolio by sector
From the firm's portfolio page S4.
Aviation Services
- Aerial
Business Services
- Endura Services
- Heavy Equipment Colleges of America
- Mr. Splash Car Wash
- Warehouse Anywhere
Industrial Services
- Federal Rent-A-Fence
- Panhandle Oilfield Service Companies, Inc.
- Vac2Go LLC
- Wittenbach Business Services
- Wize Solutions
Specialized Manufacturing
- American Leather, Inc
- Barco Products
- Bionix Development Corporation
- Burco, Inc.
- ECS Environmental Solutions
- Global Power Products
- Olympia Chimney Supply, Inc.
- Preco, Inc.
- Reed City Tool
- Richwood Industries, Inc.
- Unisorb Installation Technologies
- Walpole Outdoors
Transportation & Logistics
- Best Warehousing & Transportation, Inc.
- Diverse Logistics & Distribution, Inc.
- Great Western Leasing & Sales, LLC
- Western Peaks Logistics
Greymont’s take
How Argosy Private Equity fits a seller
Argosy suits owners of manufacturing, industrial service and logistics companies with $3 million to $10 million of EBITDA who want an experienced buyer with a set improvement plan. After closing, its eight-person operating team applies the firm's Value Acceleration Methodology to areas such as pricing, sales, IT and add-on integration. Owners often keep a stake: Mr. Splash's two co-owners remained significant shareholders, and K&L Freight's senior team invested alongside Argosy in July 2026.
Argosy can also use preferred equity or mezzanine debt, which can matter to an owner deciding how much of the company to sell. Owners should ask whether Argosy is offering control or a minority position, which fund the money comes from now that Fund VI is fully invested, and how management fared at past exits such as Groome Industrial Service Group.
Questions owners ask
What size company does Argosy Private Equity buy?
It targets US companies with $10 million to $100 million of revenue and $3 million to $10 million of EBITDA, with EBITDA margins of 10% or more. First investments run $10 million to $40 million, with capacity to go larger.
Does Argosy take minority stakes?
Its page for business owners lists control or minority positions and structures including preferred equity and mezzanine debt, while its page for intermediaries lists control positions only, so owners should confirm what Argosy will offer.
Is Argosy Private Equity the same as Argosy Capital?
Argosy Private Equity is one of several teams at Argosy Capital in Wayne, Pennsylvania, alongside real estate, credit, strategic and healthcare groups. Argosy Capital reports about $3.1 billion of assets under management across all of them.
Has Argosy been buying recently?
Yes. It bought K&L Freight Management, an asset-light freight logistics provider, in July 2026. In 2025 it made its final Fund VI platform investment, Warehouse Anywhere, and completed 12 add-on acquisitions across the portfolio.
Sources
- S1Argosy Private Equity home page Accessed October 19, 2026
- S2Argosy Private Equity: For Business Owners (investment criteria) Accessed October 19, 2026
- S3Argosy Private Equity: For Intermediaries (investment criteria) Accessed October 19, 2026
- S4Argosy Private Equity: Companies Accessed October 26, 2026
- S5Argosy Capital: About Accessed October 19, 2026
- S6Argosy Private Equity: 2025 Year In Review (January 15, 2026) Accessed October 19, 2026
- S7Argosy Charts a New Route with K&L Freight Acquisition (July 6, 2026) Accessed October 19, 2026
- S8Argosy Makes a Splash with Car Wash Acquisition (January 9, 2025) Accessed October 19, 2026
- S9Argosy Private Equity News Accessed October 19, 2026
- S10Argosy's Wize Solutions Doubles in Size Through Strategic Acquisitions (October 20, 2026) Accessed October 26, 2026
Compiled by Greymont Advisors from public sources, including the firm’s own website and press releases. Greymont is not affiliated with Argosy Private Equity. Figures are as reported on the dates shown and may have changed. Request a correction