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CSI, an Argosy Portfolio Company, Acquires AMIC Global, Inc.
On March 21, 2022, Component Sourcing International (“CSI”), an Argosy portfolio company, acquired AMIC Global, Inc (“AMIC” or the “Company”). This is the fourth add-on acquisition completed by the CSI team under Argosy’s ownership.
CSI is one of the global leaders in sourcing and distribution of highly engineered component parts and assemblies serving Original Equipment Manufacturers (OEM) in a variety of industries. AMIC is a global sourcing organization focused on metal components and assemblies used in agriculture, heavy equipment, industrial, and lawn and garden applications, as well as RV and marine accessories. AMIC was founded in 2004, and is located in Buffalo Grove, IL, a suburb of Chicago. As a part of the AMIC acquisition, CSI also acquired Earth’s Natural Alternative, an e-commerce business dedicated to environmentally friendly consumer goods. AMIC is a complementary sourcing business which adds new customers, additional suppliers and diversifies the industry mix on the CSI platform.
Integration is underway. The CSI and AMIC management teams, along with Argosy, are actively working on executing Argosy’s Value Acceleration Methodology (VAM™) acquisition toolkit to integrate the operations, realize synergies between the companies, and continue to grow the combined company.
“We are excited to partner with AMIC Global to deepen our customer breadth in Heavy Equipment, RV and Marine, and Lawn and Garden,” said John Hornberger, CSI’s President and CEO. “The Earth’s Natural Alternative e-commerce platform meshes in extremely well with CSI’s growing Bathware division. AMIC Global has a reputation for being customer centric and quality focused, which are the pillars for CSI’s success.”
“The goal in bringing CSI and AMIC Global together is to strengthen our end-to-end Supply Chain as a Service (SCaaS) capabilities. The acquisition provides additional scale and further strengthens CSI’s market reach, product offering and footprint. We are very excited to partner with the AMIC Global team and look forward to another successful integration utilizing VAM™,” said John Broderick, Operating Partner of Argosy Private Equity.