Argosy Private Equity Acquires Burco

Argosy Private Equity, a lower middle market private equity firm, acquired Burco, Inc., a Grand Rapids, Michigan-based provider of mirror glass and related products to various automotive and consumer markets across the United States and is an original equipment supplier to various specialty mirror head manufacturers.

The amount of the deal was not disclosed.

Founded in 1979 and led by Bill Castleberry, President, Burco is a manufacturer of replacement side view mirrors. Operating out of a twenty-thousand square foot manufacturing and warehousing facility, the company offers a large line of products engineered for over 4,500 different types of vehicles.

Burco’s business strategy and value creation plan will focus on diversifying and introducing new product lines, leveraging strong e-commerce platform, expanding geographically in key target markets, and providing additional resources to the management team to help execute these plans.

Argosy partnered with Guy Boitos of Stone River Capital Partners, a Michigan-based private investment firm with significant experience in the industry.

FinSMEs

27/04/2023