Argosy Private Equity News

Argosy Private Equity is pleased to announce its most recent platform investment Endura Services (“Endura”), a company that will acquire operators within the chimney and hearth services industry.

Endura’s first acquisition was Chim Chimney, Inc. (“Chim Chimney” or the “Company”) on December 31, 2024. On February 28, 2025, Endura completed its first add-on acquisition of A Merrie Sweepe (“AMS”), which provides chimney sweep and hearth services in the Portsmouth, NH region.

Chim Chimney, a Nashville-based chimney and hearth services business, was founded in 2000 and specializes in chimney repair, cleaning, masonry work, fireplace repair, liner installation, and outdoor fireplace installation. The Company provides reliable care for both residential and commercial properties, focusing on delivering top-quality services through a dedicated team. Chim Chimney acquires jobs primarily through annual chimney inspections and additional service recommendations, with minimal marketing spend and room for growth in the sales and marketing team.

AMS, a New Hampshire-based chimney and hearth services business, was founded in 1983 and offers chimney sweeping, inspection, repair, masonry work, chimney construction, liner installation, dryer vent cleaning, chimney rain caps, fireplace installations, and chimney animal removal. AMS serves both commercial and residential customers through a lean employee base. Throughout the diligence process, the team has identified several areas for growth and synergies through inventory processes, insurance, and sales/marketing.

“Argosy is thrilled to partner with Endura. Our experience in the sector and current investment in Olympia Chimney provides the foundation to maximize new growth opportunities, streamline operations, and integrate key technologies for continued expansion. We are also excited to leverage Olympia CEO Bryan Yourdon’s extensive industry knowledge, to help drive strategic improvements and accelerate Endura’s success,” said Keven Shanahan, Managing Partner at Argosy Private Equity.

Argosy has begun execution of its Value Acceleration Methodology (VAM™) alongside management to help add value to several areas of the business. There are opportunities to expand the sales team, reduce administrative costs, and professionalize operations.

For more information, please contact Keven Shanahan at kshanahan@argosycapital.com.