December 13, 2023 //
Stillwater Capital is pleased to announce that it served as an exclusive financial advisor to Wize Solutions in its sale to Argosy Private Equity.
Wize Solutions, headquartered in Utah, is a full-service warehouse racking, structural automation, and dock and door installation company, operating across the United States.
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 to invest in companies with sustainable competitive advantages and attractive growth prospects.
“As one of the only racking installers with a nationwide presence, Wize is well known for their reliability and customer service in the installation space. A key differentiator for the Company is that it employs the majority of its crews versus relying completely on subcontractors. In-house teams enable the Company to more efficiently manage workflow and be agile in responding to client needs. The management team at Wize has built long-standing relationships with racking manufacturers, dealers, and end users, and we are excited to leverage our experience in the warehousing industry to help the Company continue to drive growth,” said Michael Bailey, Partner at Argosy Private Equity.
Wize is a full-service warehouse racking, automation, and dock & door installation company. Founded in 2007 and based in Salt Lake City, Utah, Wize serves manufacturers and distributors across all 50 states as well as Canada, Mexico, Japan, and Australia. The Company does not purchase nor sell the racking systems, but is strictly an installer for their customer base, which is primarily comprised of racking manufacturers and distributors. Wize works in partnership with these manufacturers and distributors in order to gain access to a wide variety of warehousing projects nationwide.
“Wize Solutions is very excited about our new partnership with Argosy Private Equity. This partnership will enable us to improve our offering and continue our growth, while focusing on our customers. Argosy is committed to upholding the “Wize Solutions Way”, a standard that we have set throughout our company’s history. We believe Argosy’s investment in Wize Solutions will allow for greater success,” said Tyson Bigelow, President & CEO.
Jennifer Alexander led Stillwater’s deal team through the transaction with the support of Arjaan De Visser. Commenting on the transaction, she said, “Tyson, Ryan, and Josh have built an impressive company that is well-positioned to expand and continue leading the industry. Argosy has made an excellent acquisition with Wize, and we are delighted to have been part of bringing these two organizations together.”
For more information on the transaction: Argosy Makes Wise Move with the Acquisition of Wize Solutions – Argosy Capital
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 $3.3 billion of assets under management. All of the Argosy Capital funds focus on lower middle market investment strategies.
About Stillwater Capital
Stillwater Capital is one of North America’s leading mid-market M&A advisors, having completed over 100 transactions in the past 18 years.
Stillwater is dedicated to entrepreneurs and is singularly focused on generating outstanding outcomes for clients as they divest or acquire.
Stillwater is a member of the world’s premier professional advisory group, Geneva Capital Group, connected to 30,000 of the world’s best legal, accounting, and M&A professionals in over 800 offices in 126 countries.