Company sells Capewell business units to focus solely on survival, safety, and protection solutions designed to save lives.
MEADOWS OF DAN, Va., Aug. 22, 2024 /PRNewswire/ — Argosy Private Equity of Wayne, PA, a leader in the lower middle market private equity space for decades, announced today that it has sold its Capewell business units to the HEICO Corporation. Argosy Private Equity will retain both Aerial Machine & Tool Corp, a leader in custom-engineered survivability solutions, and Rhine Air Inc, a leading provider of reliable aviation maintenance ventilation and respiratory protection systems. The sale of Capewell and its aerial delivery and descent devices divisions, enabled by advisors Houlihan Lokey and Stevens & Lee, underscores Argosy’s unwavering commitment to providing best-in-class lifesaving products and solutions to the Armed Forces and First Responder Communities across the globe.