WAYNE, PA — Argosy Private Equity, a firm specializing in lower middle market private equity, has announced its acquisition of a controlling interest in Wize Solutions, a full-service warehouse racking, automation, and dock & door installation company.
Founded in 2007 and headquartered in Salt Lake City, Utah, Wize serves manufacturers and distributors across all 50 states, as well as in Canada, Mexico, Japan, and Australia. The company is unique in that it focuses solely on installation services for its customer base, which primarily consists of racking manufacturers and distributors.
Michael Bailey, Partner at Argosy Private Equity, praised Wize’s nationwide presence and reputation for reliable customer service in the installation space. “Wize sets itself apart by employing most of its crews instead of relying entirely on subcontractors,” said Bailey. “This approach allows for efficient workflow management and agility in responding to client needs.”
Tyson Bigelow, President & CEO of Wize Solutions, expressed enthusiasm about the new partnership with Argosy. “This partnership will enable us to improve our offering and continue our growth, while focusing on our customers,” Bigelow said.
Argosy plans to implement its Value Acceleration Methodology (VAM™) to add value to several key areas of the business. The strategy includes expanding sales and marketing functions, improving internal processes and technology, implementing strategic hiring initiatives, and executing add-on acquisitions.
Argosy continues to seek platform investments for its sixth fund, and add-on acquisition opportunities for its existing portfolio. Its focus remains on partnering with and investing in lower middle market niche manufacturing and business-to-business services companies with substantial growth potential.
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