Argosy Partners is a private investment partnership. The firm was established in 1995 to provide advice to and invest in small and medium-sized owner managed businesses.
Over the years we learned that we could help owner managers realize their ambitions of building small family-oriented businesses into larger, more professional and successful businesses, where significant value can be created. Instead of charging big fees for doing this we opted for a partnership approach. We invested our own money alongside the owner manager, and steadily and deliberately built value together.
In 1999 we raised Shotgun Fund I, in 2006 we raised Succession Fund I. Since then we raised two additional Shotgun Funds and are currently raising Argosy Partners Investment Fund V.
Our mission is to invest with strong owner managers in promising small and medium sized businesses. We do this by buying the shares of departing or selling shareholders, and then we enter into a new partnership arrangement with the remaining owner(s), who work with us, not for us.
We like to think we share some important traits with the successful owner managers we partner with: we are as nimble and opportunistic as they are, our capital is right beside theirs, just as patient, or impatient as the case may be, to achieve objectives, just as demanding of results, and with a similar focus on growth and building value.
An “Alignment Agreement” keeps all of us focused right from the start on the shared objective of building a great business, beginning with the joint preparation of a strategic plan, where we prioritize and bring structure and discipline to capital plans and action items, and work together to build a team that will steadily increase value.
We have always taken pride in our ability to identify and bring on board industry expert directors that can work with all of us to develop a comprehensive strategy to identify growth opportunities, review and mitigate risks, better understand the competitive landscape, put in place and measure operational initiatives and productivity improvements, and eventually pursue a sale of the business.
The Shotgun Fund and The Succession Fund may address two different sets of circumstances, but our investment criteria and objectives are the same.
The Shotgun Fund enables owner managers to respond to a triggered shotgun clause with confidence and avoids the loss of the business.
The Succession Fund is an effective solution for owner managers wanting to find a new partner (other than a lender) to help grow the business and optimize opportunities.
We are mindful that each investment we make, each new partnership we enter into, is in a business that has a unique path to value creation. There are definite inflection points that have to be managed, and then built upon. Once these are achieved, the challenge is ensuring the changes are sustainable. That’s how value is created. Working towards that end game has been our life’s work, just as it has been for our owner manager partners. It sure can be rewarding. Please call us for a conversation; it would be our pleasure to meet. We look forward to our next partnerships.