Walpole Outdoors LLC / Argosy Private Equity
The founder and owner of Walpole Outdoors, LLC has sold the company to Argosy Private Equity. Financial details have not been disclosed.
With an 80+ year legacy, Walpole Outdoors is the nation’s leading direct-to-consumer brand for premium outdoor residential products, admired for superior craftsmanship, unmatched customer service and a timeless, sophisticated design aesthetic. The company is a vertically-integrated manufacturer, marketer and installer of premium fences, mailbox and lantern posts, and outdoor structures including pergolas and arbors offered in both wood and low-maintenance AZEK cellular PVC. Walpole Outdoors offers its products online, as well as through its stores in California, Connecticut, Delaware, Florida, Massachusetts, Maryland, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island and Virginia.
Argosy Capital is a private equity and venture capital firm specializing in mezzanine, emerging growth, late venture, later stage, industry consolidation, corporate divestitures, recapitalization, management and leveraged buyout, control or non-control investments, acquisitions, growth equity financings, mature, and lower middle-market investments. It primarily invests in business services, manufacturing, value-added distribution, aviation services, business franchising, engineered materials, real estate, information technology, industrial electronics, industrial manufacturing, industrial services and utilities. The firm has more than US$600 million of capital under management and expects o further enhance Walpole’s operational capabilities, strategically accelerate growth, while maintaining the Company’s unique design capabilities and brand authenticity.
One of Oaklins’ TMT teams in the US served as the exclusive financial advisor to Walpole Outdoors in its sale to Argosy Private Equity, a Wayne, PA based private equity firm with more than US$600 million of capital under management.
“Thank you very much to the Cavendish team for all of your help and advice on this transaction. We are not sure how would have got to the end without you and you had an ability to find a mid-ground where both sides were happy – this certainly takes some skill.
Thank you for all of your hard work and we would not hesitate in recommending you and your services to anyone else.”
“The Cavendish team, led by Lord Leigh of Hurley and Rebecca McCredie has done a fantastic job in managing the transaction with great skill. They were crucial in delivering this deal and its successful outcome – many thanks to the whole team.”
“In completing this transaction, we wanted to ensure that the growth and success of the business that we have built to date is the foundation for further expansion in the years to come. We are delighted with the outcome and we would like to thank the team at finnCap Cavendish for all of their help throughout this process. They are experts at advising founders and entrepreneurs and they provided us with invaluable advice and guidance throughout.”
“We are delighted to be partnering with Rockpool. This transaction will enable us to accelerate our long-term growth objectives and help expand our international presence, especially in the US. Karri and Amy achieved a fantastic result for us and their ecommerce sector expertise, professionalism and unwavering dedication throughout the process were instrumental in achieving a successful completion.”
“We are immensely grateful for the hard work and expertise we received from finnCap in securing this fundraise. Zuleika’s knowledge and communication skills were outstanding. It is the first time we have raised external funds so we were heavily reliant on their introductions, all of which were a good fit for Ro&Zo. Zuleika’s guidance through the process was exemplary. We are delighted to have chosen Pembroke as our new shareholders and look forward to a long relationship with them as we continue our growth strategy.”
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“I would also like to thank the team at finnCap Cavendish. They have done a great job in finding us the right buyer and running a smart and efficient process. Their support throughout has been excellent and combined with their commercial approach and sector knowledge, they have made great advisers for us.”
“Joe Stelzer and his team at finnCap Cavendish were the perfect partners as we navigated this exciting next step for the group. The firm’s wealth of expertise in advising entrepreneurial growth businesses, partnered with their quality of service and professionalism was invaluable and helped make this deal function as smoothly as possible.”
“This transaction is huge for our business as we look to continue our growth journey. We’re very excited to have raised enough capital from a leading impact investor to expand our market-leading position and maintain standards of excellence across all our products. We’re hugely grateful to the team at finnCap, who played a fundamental role, in what we hope, will be a very exciting growth story.”
“We are delighted with the support received from the finnCap Cavendish team throughout this process. Mike and the team ensured that we prepared meticulously, identified the right pool of potential investors and worked closely with us, the management team and our legal advisers to deliver a great outcome for the Shareholders. We wish the Intelling team and RDCP all the best in their next phase of growth.”
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