Argosy Private Equity Acquires a Controlling Interest in Wize Solutions
Summary
Founded in 2007 and based in Salt Lake City, Utah, Wize serves manufacturers and distributors across all 50 states as well as Canada, Mexico, Japan, and Australia. The management team at Wize has built long-standing relationships with racking manufacturers, dealers, and end users, and we are excited to leverage our experience in the warehousing industry to help the Company continue to drive growth," said Michael Bailey, Partner at Argosy Private Equity. We are confident that Argosys investment in Wize Solutions will allow for greater success," said Tyson Bigelow, President & CEO.Argosy has begun execution of its Value Acceleration Methodology (VAM) alongside management to help add value to several key areas of the business. Key aspects of the value creation plan include continuing to expand the sales and marketing function, improving internal processes and company technology, implementing strategic hiring initiatives, and evaluating and executing add-on acquisitions to help create value.Argosy continues to seek platform investments for its sixth fund and add-on acquisition opportunities for the existing portfolio. Argosy partners with motivated management teams investing in companies with sustainable competitive advantages and attractive growth prospects.