Argosy Private Equity Acquires Preco, Inc.
Middle-market investment bank Jordan Knauff & Company (JKC) is pleased to announce that a fund managed by Argosy Private Equity (Argosy) has acquired Preco, Inc. (Preco or the Company). Preco is an innovative designer, manufacturer, and seller of advanced manufacturing and automation systems, as well as a provider of process development and contract manufacturing services. JKC served as exclusive financial advisor to Preco in the transaction.
With operations in Lenexa, Kansas; Somerset, Wisconsin; and Nås, Sweden; Preco manufactures advanced automation systems that utilize industrial laser processing systems, flat bed and rotary die cutting systems, and material handling automation to achieve increased precision and throughput while providing labor and material savings for its customers. Preco’s business and dedication to its customers is outlined in its mission statement, “Create for others.”
Preco’s design capabilities, along with a history of cutting-edge product development and contract manufacturing services proficiency, positions the Company to capitalize on opportunities within multiple large and dynamic end markets including packaging, abrasives, electronics, energy storage, industrials, defense, medical, and transportation and aerospace. Preco’s customer relationships include many global companies, in addition to approximately 2,000 customers across 30 countries.
Mr. Michael R. Bailey, Partner at Argosy, said, “We are very excited to announce our new partnership with Preco and its dynamic leadership team. Preco has been a recognized leader in the specialty die cutting and laser processing industries for decades, and we are looking forward to working together to grow the business through further development of the company’s product and service offerings.”
Commenting on the announcement, Mr. David A. Kakareka, Managing Director of JKC, said, “Given Preco’s diversified business model, we enjoyed working with the Preco team in the U.S. and Sweden, along with its board of directors, on this capital event. We are excited for the management team to continue to build upon Preco’s success with Argosy as their partner.”
For more information on this transaction, please contact Mr. Kakareka at 312-254-5907 or firstname.lastname@example.org
About Jordan Knauff & Company
Jordan Knauff & Company is a knowledgeable and experienced provider of a comprehensive line of investment banking services to private companies. Our services include selling companies, raising debt and equity capital, acquisition advisory services, and strategic business services to companies in a variety of industries, including among others, business services, energy logistics and distribution, flow control (pumps, valves, filtration), plastic injection molding, healthcare services, and building products and services. Typical transaction sizes range from $10 million to $300 million in total consideration.
Mr. G. Cook Jordan, Jr., Co-founder and Managing Principal, has over 30 years of private equity and investment banking experience, and seven years of executive and operations experience in middle-market companies. JKC’s entire professional team have spent their careers in the middle-market and offer that expertise and knowledge to their clients. It is their mission to provide the best available transaction advisory services along with in-depth industry specific research to middle-market companies and the entrepreneurs who lead them. For more information, please visit www.jordanknauff.com. JKC is a member of FINRA.
About Argosy Private Equity
Argosy Private Equity, founded in 1990, specializes in providing capital and operating and financial expertise to lower middle-market companies across a broad range of industries. Argosy partners with motivated management teams investing in companies with sustainable competitive advantages and attractive growth prospects.
Argosy Private Equity is a division of Argosy Capital Group, Inc. (Argosy Capital) together with Argosy Real Estate Partners, Argosy Credit Partners, Argosy Strategic Partners and Argosy Healthcare Partners. Argosy Capital is a national investment adviser with approximately $2.3 billion of assets under management. All of the Argosy Capital funds focus on lower middle market investment strategies.
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