Argosy Exits Nationwide Industries
On March 15, 2018, Argosy Investment Partners V, L.P. and Argosy Investment Partners Parallel V, L.P., funds managed by Argosy Private Equity (“Argosy”), exited their investment in Nationwide Industries, Inc. Nationwide was acquired by a middle market private equity firm based in St. Louis, Missouri.
Founded in the early 1990s, Nationwide is a manufacturer and distributor of fence, deck, railing and patio hardware. The Company, based in Tampa, Florida, offers a full line of products suitable for use with any type of end material, including vinyl, aluminum, chain-link and wood. Its products range from handles and post caps to fully adjustable hinges and key lockable latches.
After the initial investment in February 2016, Argosy and Nationwide completed the strategic acquisition of The Cable Connection, Inc. in September 2016. Founded in 1991, TCC is a manufacturer of cable railing infill systems and custom wire rope systems. Based in Carson City, Nevada, TCC markets its cable railing products under the brand name Ultra-tec®. TCC’s products are popular in high-end commercial and residential applications where maintaining a clean line of sight is desirable. Common applications include coastal residential housing and sports stadiums.