new partnership between Argonaut Private Equity and FABco offers a growth opportunity | Business
TULSA, Oklahoma – (BUSINESS WIRE) – Sep 8, 2021–
Argonaut Private Equity, a private equity fund based in Tulsa, Oklahoma, announced its partnership with FABco, a leading supplier of concrete construction materials and supplies, including steel rebar and related construction products.
Supported by the strength of the private equity group’s balance sheet, the new partnership strengthens the growth potential of every segment of FABco, including its proven rebar platform, line of concrete products and services at the application and its project installation service.
As is often the case with Argonaut investments, the FABco partnership is led by the founder. Brothers Martin Paul, Matthew Paul and Mark Paul continue to maintain the partnership as they work with the Argonaut team to take the business to the next level.
“Our competitive advantage has always been the character of our employees and the strength of our relationships with each other, our suppliers and our customers,” said Martin Paul, CEO of FABco. “Our partnership with Argonaut Private Equity allows us to capitalize on this strength while providing new resources for growth at a pivotal time. “
Argonaut CEO Steve Mitchell calls the investment an example of “the right partnership with the right people at the right time.”
“With an injection of infrastructure investment on the horizon and a strong balance sheet, this business can truly grow as the Paul brothers have always envisioned – and we are delighted to be a part of it,” he said. he declares.
FABco has been serving America’s needs for superior engineered rebar and on-demand concrete products, services and installations since 2010. The Houston, Texas-based company serves customers from facilities of additional production and technical resource centers in central Texas, North Texas, Utah and Colorado. FABco fulfills its mission to improve the lives of everyone associated with the business through teamwork, stewardship and integrity.
About Argonaut Private Equity
Founded in 2002, Argonaut Private Equity is a Tulsa-based private equity firm with $ 3 billion in capital deployed in direct investments in key industrial sectors including manufacturing, industry and energy services. Argonaut partners with companies to develop a strategy to accelerate growth and improve operations. In 2018, Argonaut raised Argonaut Private Equity Fund IV to continue its history of generating attractive returns on investment through a disciplined approach and by aligning interests with those of its investors and business partners.
See the source version on businesswire.com: https://www.businesswire.com/news/home/20210908005979/en/
KEYWORD: UNITED STATES NORTH AMERICA OKLAHOMA
INDUSTRY KEYWORD: COMMERCIAL AND REAL ESTATE BUILDING CONSTRUCTION AND REAL ESTATE FINANCING STEEL ENGINEERING PROFESSIONAL SERVICES MANUFACTURING RESIDENTIAL AND REAL ESTATE BUILDING
SOURCE: Argonaut Private Equity
Copyright Business Wire 2021.
PUB: 08/09/2021 13:09 / DISC: 08/09/2021 13:09
Copyright Business Wire 2021.