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April 12, 2019
Private Equity

Argosy Exits SW Holdings, LLC

On April 12, 2019, Argosy Investment Partners IV, L.P., a fund managed by Argosy Private Equity (“Argosy”), exited its investment in SW Holdings, LLC. SW Holdings was acquired by a privately-held manufacturer of industrial springs, fasteners, machined parts, and flat-stamped spring-related products.

In May 2012, Argosy acquire a controlling ownership interest in Sussex Wire, Inc and in February 2017, Argosy supported the acquisition of Marox Corporation, together SW Holdings, LLC.

Headquartered in Easton, Pennsylvania, Sussex Wire, Inc. specializes in the design, manufacturing, and distribution of highly-engineered, specialty metal parts and components. Sussex Wire utilizes cold-forming technology to form metal wire and specialty alloys at room temperatures into highly engineered and precision components in a faster and more cost-effective manner than traditional machining, stamping, and casting methodologies.

Marox Corporation is a precision CNC manufacturer of a variety of medical components and assemblies, including surgical implants, pins, screws, plates, and instruments. With facilities in Holyoke, Massachusetts and Warminster, Pennsylvania, Marox uses a variety of manufacturing processes including CNC machining, milling, swiss turning, CNC wire and sinker EDM, and CNC thread whirling.

Under Argosy’s ownership, SW Holdings successfully implemented its Value Acceleration Methodology (VAM)TM, which included recruiting a new CEO and several other members of management, installing an ERP and CRM system, and implementing LEAN practices across the manufacturing environment. Additionally, Argosy applied the VAM acquisition tools to identify and review numerous acquisition targets that led to the proprietary acquisition of Marox, which more than doubled the size of the business, and allowed Argosy to position the combined Company as a best-in-class contract manufacturer servicing the medical industry.