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 Electric Innovations (LEI), a Tulsa, Oklahoma-based company that provides a wide range of product offerings including manufacturing electrical equipment and servicing motors.
Layco’s products address a variety of applications and critical end markets that include petrochemical, manufacturing, renewable energy and data centers, a growing need across the domestic market as artificial intelligence advances.
“Argonaut is excited to partner with Layco Electric Innovations to help accelerate their growth by providing expertise around operational efficiency and by bringing a structured approach to rapid growth in an expanding industry,” said Steve Mitchell, Argonaut CEO and Managing Director.
LEI is currently building a large state-of-the-art manufacturing facility in Tulsa to help boost growth in this mission-critical space. “As America’s energy demand continues to grow, the supporting infrastructure and capacities will need to expand exponentially,” Mitchell added. “We believe partnering with LEI will help make meeting the demand a reality.”
Added Mike Lay, CEO of LEI: “Our work is in a critical space at this time in America, and we couldn’t be more enthusiastic about working together with Argonaut to grow and expand.”
As two Tulsa-based companies, the alignment is primed for expansion, Mitchell added.
“This is one more step to creating substantive growth in the manufacturing market,” he said. “It’s a perfect fit and benefits Tulsa.”
Argonaut recently closed on its Fund V, a $500 million fund, that continues its strategy of partnering with family-owned businesses in the manufacturing, industrial and services sectors.
About Layco Electric Innovations (LEI)
Layco Electric Innovations is a proven provider of electric motors, industrial control and power distribution solutions for a wide range of industries. The company has been based in Tulsa, Oklahoma since 1945.
About Argonaut Private Equity
Founded in 2002, Argonaut Private Equity is a Tulsa, Oklahoma-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 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 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...
