Argonaut Private Equity has held the first closing of Argonaut Private Equity Fund V, which is targeting USD400 million in commitments, and made the fund’s first investment with the acquisition of Miller Contracting, a family-founded company providing specialty mining, industrial, and civil contracting services across the United States from its headquarters in southern Illinois.
Fund V will continue Argonaut’s disciplined investing in founder-led manufacturing and industrial businesses in Middle America where shared values brings strong relationships.
The Miller family will continue its leadership in the company post-acquisition.
