Argonaut Private Equity, a Tusla, Ola.-based private equity firm focused on investing in Middle America, closed Argonaut Private Equity Fund V, with $500m in capital commitments.
APE V is comprised of institutional investors, including pensions, endowments, foundations, sovereign wealth funds, and family offices, among others.
Since the Fund’s first close in 2022, Argonaut has continued to invest in its specialty niche of diversified industrial businesses across Middle America. To date, the fund has deployed approximately 39 percent of its commitments across 7 platform acquisitions, including Bandera Utility Contractors, Center Rock, Miller Contracting Services, Petroplex Acidizing., Tulsa Inspection Resources, Allstream Services & Rental, and Chemoil Energy Services.
Founded in 2002 and led by Steve Mitchell, CEO and Managing Director, and Kelby Hagar, President and Managing Director, Argonaut Private Equity is a private equity firm with $2.9 billion of assets under management. Argonaut partners with companies to develop a strategy for accelerating growth and enhancing operations. Since inception, the firm has deployed over $2.5 billion across 40 platform companies while consistently creating value through hands-on operational improvements. These include implementing lean manufacturing processes, upgrading software systems, bolstering talent development, and engaging in add-on acquisitions.