FMI Advises Center Rock in Sale to Argonaut Private Equity
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FMI Capital Advisors is pleased to announce the sale of Center Rock, Inc. (CRI), a portfolio company of Sverica Capital Management and Gemini Investors, to Argonaut Private Equity. FMI Capital Advisors served as the exclusive sell-side advisor for the transaction.
Headquartered in Berlin, Pennsylvania, CRI manufactures highly engineered pneumatic, consumable rock drilling tools and accessories. The company serves customers across construction, mining, quarry, natural gas, water well and geothermal end markets.
“FMI’s representation proved invaluable throughout the entire M&A process,” said President and CEO Dave Pietrzykowski. “They really understood our goals and identified the right buyer who can help us achieve them.”
About Center Rock, Inc.
Founded in 1998 by Brandon Fisher, Center Rock manufacturers a full line of air rock drilling tools and accessories including down-the-hole (DTH) hammers and bits, low profile drills, overburden rock drilling system for casing advancement and related accessories. CRI is also a major distributor of industry leading Hütte drilling rigs. Coupled with outstanding service, Center Rock is a one-stop shop capable of supplying the tools for any rock drilling requirements.
About Argonaut Private Equity
Founded in 2002, Argonaut Private Equity is a Tulsa-based private equity firm with more than $2 billion of capital deployed in direct investments across the manufacturing and industrial sectors. Argonaut partners with companies to develop a strategy for accelerating growth and enhancing operations.
About FMI Capital Advisors
FMI Capital Advisors has fully dedicated and deeply experienced investment banking teams advising clients on merger and acquisition (M&A) transactions across the built environment. We maximize value for our clients through deep market knowledge, strong technical expertise and an unparalleled network of industry relationships. For more information, visit FMI Capital Advisors.
FMI Capital Advisors Contact:
Kjell Lundal
Managing Director
713.936.5027
[email protected]