Posted 06/03/2024
Argonaut Private Equity Closes Fifth Fund at $500 Million
TULSA, Okla.- Argonaut Private Equity, a private equity firm focused on investing in Middle America, today announced the final closing of Argonaut Private Equity Fund V (“APE V” or “the Fund”) with $500 million in capital commitments, exceeding its initial target of $400 million and reaching its hard cap for the fund.
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.
APE V is comprised of leading institutional investors, including pensions, endowments, foundations, sovereign wealth funds, and family offices, among others.
“We are grateful for the support of existing and new investors who have entrusted us with their capital and are proud to have closed APE V above our target, despite a challenging fundraising environment,” said Steve Mitchell, CEO and Managing Director of Argonaut. “As interest rates have increased, our investors recognize that outsized returns in the future will come not from use of leverage but from operational excellence. Our track record of investing at conservative purchase price multiples with minimal debt while growing our partner companies through diligent execution resonated well during fundraising.”
Since inception, Argonaut 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.
“Like the companies we partner with, Argonaut is both geographically and culturally part of Middle America,” said Kelby Hagar, President and Managing Director of Argonaut. “With APE V, Argonaut continues to be well positioned to invest in the sectors and regions we know well but that are underserved by institutional capital.”
About Argonaut Private Equity
Founded in 2002, Argonaut Private Equity is a Tulsa, OK-based 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. For more information, please visit www.argonautpe.com.
Posted 06/09/2025
Tulsa-Based Power Distribution Solutions Provider Announces Bold New Brand
Tulsa, Okla. (June 9, 2025) – Today, premier power distributions solutions provider Layco Electric Innovations announced a corporate rebrand to Ame...
Posted 08/27/2024
Argonaut Announces New Partnership With St. Louis-based Hammer & Steel®
TULSA, Okla.- Argonaut Private Equity has added Hammer & Steel Global, LLC to its growing Fund V portfolio. The partnership is the latest example o...
Posted 07/31/2024
Argonaut Private Equity Partners with Layco Electric Innovations
TULSA, Oklahoma – Argonaut Private Equity, a private equity firm focused on investing in Middle America, has announced a partnership with Layco El...
Posted 06/03/2024
Argonaut Private Equity Closes Fifth Fund at $500 Million
TULSA, Okla.- Argonaut Private Equity, a private equity firm focused on investing in Middle America, today announced the final closing of Argonaut ...
Posted 04/13/2023
Argonaut Acquires Center Rock
TULSA, OK, April 13, 2023 --Argonaut Private Equity, a Tulsa, OK-based private equity fund, has announced the acquisition of Center Rock Inc., a Be...
Posted 05/04/2022
Argonaut Acquisition Marks Second Investment in Fund V
Tulsa, Okla.—Argonaut Private Equity, a Tulsa, Okla.-based private equity fund, announced the acquisition of Bandera Utility Contractors, a leading...
Posted 04/22/2022
Cypress Environmental Partners Reports New Lender
TULSA, Okla.--( BUSINESS WIRE )--Today, Cypress Environmental Partners, L.P., (NYSE: CELP) (“Cypress”) reported that an affiliate of Argonaut Priva...
Posted 02/08/2022
Argonaut Holds Closing, Makes First Investment in Fund V
February 7, 2022, 9am CST Tulsa, Okla.—Argonaut Private Equity, a Tulsa, Okla.-based private equity fund, announced the acquisition of Miller Con...
Posted 02/07/2022
FABco, a Portfolio Company of Argonaut Private Equity, Completes the Acquisition of Volunteer Rebar
February 7th, 2022, 9am CST Houston, Texas -- FABco, a portfolio company of Tulsa, Okla.-based Argonaut Private Equity, announced its early 2022 a...
Posted 09/16/2021
New Partnership Between Argonaut Private Equity and FABco Brings Growth Opportunity
Tulsa, Okla.-- Argonaut Private Equity, a Tulsa, Okla.-based private equity fund, announced its partnership with FABco, a leading provider of concr...
Posted 08/02/2021
Argonaut Private Equity Partners With Crimson Steel Supply
Tulsa, Okla.-- Argonaut Private Equity, a Tulsa, Okla.-based private equity fund, announced the acquisition of Oklahoma-based Crimson Steel Supply....
Posted 03/22/2021
Argonaut Private Equity Acquires Pioneer Well Services Assets
TULSA, Okla.--( BUSINESS WIRE )--Argonaut Private Equity, a Tulsa, Okla.-based private equity fund, announced the acquisition of the assets of Pion...
Posted 10/05/2020
Argonaut sells Otis Eastern to Artera Services
TULSA, Okla.--( BUSINESS WIRE )--Argonaut Private Equity, a Tulsa, Okla. based private equity firm, announced it has completed the sale of Otis Eas...
Posted 09/01/2020
Argonaut Private Equity Acquires Cementing Solutions Business Amid BJ Services Bankruptcy; Rebrands Operation as American Cementing
TULSA, Okla.--( BUSINESS WIRE )--Argonaut Private Equity, a Tulsa, Okla.-based private equity fund, announced the acquisition of a cementing soluti...
Posted 08/19/2019
Argonaut Private Equity Announces Final Close of Argonaut Private Equity Fund IV at $400 Million
TULSA, Okla.--( BUSINESS WIRE )--Argonaut Private Equity, a Tulsa, Oklahoma-based private equity firm announced today the final closing of Argonaut...
Posted 03/01/2018
Argonaut Private Equity Sells Falcon Flowback Services
TULSA, Okla.--( BUSINESS WIRE )--Argonaut Private Equity, a middle-market private equity firm, announced it has completed the sale of Falcon Flowba...
Posted 04/08/2017
Argonaut Private Equity buys local manufacturer MIRATECH
A local private equity firm recently acquired a Tulsa-based producer of emission and acoustic solutions — the components used to bring all manner o...
Posted 06/09/2025
Tulsa-Based Power Distribution Solutions Provider Announces Bold New Brand
Tulsa, Okla. (June 9, 2025) – Today, premier power distributions solutions provider Layco Electric Innovations announced a corporate rebrand to Ame...
Posted 08/27/2024
Argonaut Announces New Partnership With St. Louis-based Hammer & Steel®
TULSA, Okla.- Argonaut Private Equity has added Hammer & Steel Global, LLC to its growing Fund V portfolio. The partnership is the latest example o...
Posted 07/31/2024
Argonaut Private Equity Partners with Layco Electric Innovations
TULSA, Oklahoma – Argonaut Private Equity, a private equity firm focused on investing in Middle America, has announced a partnership with Layco El...
Posted 06/03/2024
Argonaut Private Equity Closes Fifth Fund at $500 Million
TULSA, Okla.- Argonaut Private Equity, a private equity firm focused on investing in Middle America, today announced the final closing of Argonaut ...
Posted 04/13/2023
Argonaut Acquires Center Rock
TULSA, OK, April 13, 2023 --Argonaut Private Equity, a Tulsa, OK-based private equity fund, has announced the acquisition of Center Rock Inc., a Be...
Posted 05/04/2022
Argonaut Acquisition Marks Second Investment in Fund V
Tulsa, Okla.—Argonaut Private Equity, a Tulsa, Okla.-based private equity fund, announced the acquisition of Bandera Utility Contractors, a leading...
Posted 04/22/2022
Cypress Environmental Partners Reports New Lender
TULSA, Okla.--( BUSINESS WIRE )--Today, Cypress Environmental Partners, L.P., (NYSE: CELP) (“Cypress”) reported that an affiliate of Argonaut Priva...
Posted 02/08/2022
Argonaut Holds Closing, Makes First Investment in Fund V
February 7, 2022, 9am CST Tulsa, Okla.—Argonaut Private Equity, a Tulsa, Okla.-based private equity fund, announced the acquisition of Miller Con...
Posted 02/07/2022
FABco, a Portfolio Company of Argonaut Private Equity, Completes the Acquisition of Volunteer Rebar
February 7th, 2022, 9am CST Houston, Texas -- FABco, a portfolio company of Tulsa, Okla.-based Argonaut Private Equity, announced its early 2022 a...
Posted 09/16/2021
New Partnership Between Argonaut Private Equity and FABco Brings Growth Opportunity
Tulsa, Okla.-- Argonaut Private Equity, a Tulsa, Okla.-based private equity fund, announced its partnership with FABco, a leading provider of concr...
Posted 08/02/2021
Argonaut Private Equity Partners With Crimson Steel Supply
Tulsa, Okla.-- Argonaut Private Equity, a Tulsa, Okla.-based private equity fund, announced the acquisition of Oklahoma-based Crimson Steel Supply....
Posted 03/22/2021
Argonaut Private Equity Acquires Pioneer Well Services Assets
TULSA, Okla.--( BUSINESS WIRE )--Argonaut Private Equity, a Tulsa, Okla.-based private equity fund, announced the acquisition of the assets of Pion...
Posted 10/05/2020
Argonaut sells Otis Eastern to Artera Services
TULSA, Okla.--( BUSINESS WIRE )--Argonaut Private Equity, a Tulsa, Okla. based private equity firm, announced it has completed the sale of Otis Eas...
Posted 09/01/2020
Argonaut Private Equity Acquires Cementing Solutions Business Amid BJ Services Bankruptcy; Rebrands Operation as American Cementing
TULSA, Okla.--( BUSINESS WIRE )--Argonaut Private Equity, a Tulsa, Okla.-based private equity fund, announced the acquisition of a cementing soluti...
Posted 08/19/2019
Argonaut Private Equity Announces Final Close of Argonaut Private Equity Fund IV at $400 Million
TULSA, Okla.--( BUSINESS WIRE )--Argonaut Private Equity, a Tulsa, Oklahoma-based private equity firm announced today the final closing of Argonaut...
Posted 03/01/2018
Argonaut Private Equity Sells Falcon Flowback Services
TULSA, Okla.--( BUSINESS WIRE )--Argonaut Private Equity, a middle-market private equity firm, announced it has completed the sale of Falcon Flowba...
Posted 04/08/2017
Argonaut Private Equity buys local manufacturer MIRATECH
A local private equity firm recently acquired a Tulsa-based producer of emission and acoustic solutions — the components used to bring all manner o...
