Argonaut Private Equity Partners with Layco Electric Innovations
2024年7月31日 - 11:00PM
ビジネスワイヤ(英語)
The Two Tulsa-based Companies are Aligned to
Grow Exponentially
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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240731225052/en/
Landon Aneshansley 918-295-0044 la@station8branding.com