Argosy Private Equity, a lower middle-market private equity firm, has announced the acquisition of Vac2Go, LLC, a leading provider of mission-critical equipment to industrial, utility, and municipal customers. The financial terms of the deal have not been disclosed.
Based in Jacksonville, Florida, Vac2Go specializes in daily to multi-month rentals of the latest model trucks and equipment to various industries, including oil and gas, environmental services, construction, and municipal utilities. In addition, the company provides repair and maintenance services for vacuum trucks and related equipment at all its facilities.
Argosy Private Equity’s acquisition of Vac2Go aligns with its strategy to partner with niche manufacturing and business-to-business services companies that have a substantial ability to grow. By adding Vac2Go to its portfolio, Argosy aims to strengthen its position in the industrial equipment market and enhance its capabilities to offer its customers the latest technologies and services.
The acquisition of Vac2Go is expected to provide significant growth opportunities for both companies. Vac2Go will benefit from Argosy’s expertise and resources in growing its business, expanding its product line, and increasing its customer base. At the same time, Argosy will leverage Vac2Go’s strong reputation, experienced team, and industry-leading technology to provide innovative solutions to its customers.
Regarding the acquisition, Argosy Private Equity’s Managing Partner, Michael Farese, said, “Vac2Go is an excellent addition to our portfolio of niche manufacturing and business-to-business services companies. We are impressed with the company’s strong leadership, talented team, and ability to provide critical equipment to its customers. We look forward to working with the Vac2Go team to grow the business and provide value to our investors.”
In conclusion, Argosy Private Equity’s acquisition of Vac2Go is a strategic move that will benefit both companies and enhance their capabilities to offer high-quality equipment and services to their customers. The deal will be completed in the coming weeks, subject to regulatory approvals.
Argosy’s investment in Vac2Go highlights private equity firms’ continued interest in acquiring companies catering to the industrial and manufacturing sectors. This trend is driven by the growing demand for specialized equipment and services in these sectors and the need for efficient and cost-effective solutions to meet operational challenges.
Vac2Go’s business model of providing equipment rentals and maintenance services to customers in multiple industries has proven successful, and Argosy sees potential for further growth and expansion. As a private equity firm, Argosy specializes in identifying and acquiring companies with strong growth potential and providing the capital, resources, and strategic guidance needed to drive growth and profitability.
Vac2Go’s expertise in the rental and maintenance of mission-critical equipment makes it an attractive addition to Argosy’s portfolio of companies. Argosy plans to leverage its experience and resources to help Vac2Go expand its market reach and enhance its services. With Argosy’s backing, Vac2Go can accelerate its growth plans and pursue new business opportunities.
The acquisition of Vac2Go by Argosy Private Equity demonstrates the continued strength and resilience of the private equity market and its ability to drive growth and profitability in the industrial and manufacturing sectors. As more private equity firms seek to invest in these sectors, companies like Vac2Go, with strong business models and growth potential, will continue to attract attention and investment.
