Adobe Stock
Argonaut Private Equity announced Friday that it had completed the sale of Fort Worth-based VoidForm Products to White Cap, the leading distributor of specialty construction supplies and safety products for professional contractors.
Terms of the deal were not disclosed.
VoidForm Products is the leading manufacturer of products designed to protect concrete structures from damage caused by expansive, corrosive, and seismic soil conditions.
Argonaut and other investors partnered with VoidForm in 2021. During the partnership, VoidForm expanded its leading market position, invested in new facilities, and strengthened its senior management team to support continued revenue and earnings growth.
“By becoming part of the White Cap family, we gain the resources and scale to serve customers even more effectively while continuing to deliver the best-in-class solutions that have defined the VoidForm brand,” said David DiLuccia, VoidForm president, in a statement.
Headquartered in Fort Worth, with six locations across Texas, Colorado, Mississippi, and Central Canada, VoidForm is recognized for a broad range of customizable void products and decades of expertise in soil-expansion mitigation solutions.
Founded in 2004, Argonaut is a Tulsa-based private equity firm that has deployed more than $2 billion in capital. The firm partners primarily with founder- and family-owned businesses, providing operational support and long-term capital to fuel organic growth and strategic expansion. Argonaut focuses on diversified industrial companies with strong market positions, targeting value creation through operational improvements and disciplined mergers and acquisitions.
“VoidForm has built a highly differentiated platform with a trusted brand and deep technical expertise,” said Argonaut CEO and Managing Director Steve Mitchell. “We are proud of what the team accomplished during our partnership and believe White Cap is the right strategic partner to support VoidForm’s next chapter.”
Said DiLuccia: “We are grateful for the collaboration with Argonaut and our other investment partners, which supported our successful growth and allowed us to position the company to enter our next stage with White Cap.”