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.
“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.”
“I would like to thank all of those involved in the process that has concluded with us ultimately choosing Neighborly as our partner going forward, those at finnCap Cavendish and our CFO Mike Bergin, without whom this would have not happened.”
Thank you to the Cavendish team for your unwavering support throughout this process. Finding a strategic overseas partner to allow me to realise my global ambition was my number one aim, and this has been achieved. In the current market the result you have delivered is exceptional.
“The completion of the Nactis deal took years, from beginning to completion, for many reasons that were mostly out of our control. Oaklins’ team in Italy accompanied us in this process – from the initial contact to closing – with professionalism, patience and many proactive proposals. Without their cooperation, the deal would never have happened.”
It was a great pleasure to work with the Cavendish team again having originally worked with them when we sold Naked Wines to Majestic Wine in 2015. John, Rebecca and the team rigorously assessed the market to find the right new owner for a business with dedicated staff and suppliers and the right deal to achieve Naked’s goal of realising capital and simplifying the business.
“We chose Oaklins to assist us in this project because they are the most experienced corporate finance advisor in the horticulture sector and at the same time have a local and experienced team in Belgium. By operating as one team, they offered us the best of both worlds.”
“Oaklins was the right partner to professionally manage the process. They assembled an experienced team who carefully took into consideration the preferences of a family-owned business. At every step along the way, we enjoyed working together with Oaklins’ team in the Netherlands, who showed great persistence to make this transaction a success.”
“For us who founded the company and managed it during its 30 years of existence, Oaklins was the perfect partner for our sale. The team planned and executed our process, supported and guided us through the whole process. The combination of industry insight, professional craftsmanship and uncompromising dedication, made it a valuable contribution from an owner’s perspective.”
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