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Argonaut Private Equity invests in Mammoth Carbon Products

Argonaut Private Equity, a Tulsa-based private equity fund, has invested in Mammoth Carbon Products, a Houston-based pipeline distribution company. Mammoth is an industry leader in carbon steel pipe distribution and services for the energy infrastructure markets.

Established in 2014, Mammoth currently services the North American market focusing in Texas and Colorado. With completion of the investment, Argonaut will partner with Mammoth to continue its expansion into markets in the Northeastern US, Canada and California.
“Mammoth is well-positioned to significantly impact the distribution of steel pipeline in North America to meet demand,” says Steve Mitchell, CEO of Argonaut. “This acquisition provides the opportunity to leverage Argonaut’s experience, affiliates and relationships in the midstream market.”
Mammoth has long-standing relationships with steel mills to address pipeline projects, as well as an extensive inventory of carbon steel pipe products of various diameters and thickness. This allows Mammoth to respond to the shorter lead time needed for the maintenance and repair market.
“We are known for our quick response time and providing exceptional customer service. Aligning with Argonaut ensures we retain our service model while adding industry strength and resources to broaden our scope,” says Mammoth President Mike Ellis.
Founded in 2002, Argonaut Private Equity is a private equity firm that manages investments across multiple asset classes with USD3 billion of capital deployed in direct investments in industry sectors including energy services, manufacturing and industrials.
“At Argonaut, our goal is to lend support, expertise and available capital to ensure a company continues its growth trajectory,” Mitchell says. “With more than 100 investments, Argonaut has fostered an ongoing network of global relationships to partner with management teams, applying our experience to deliver solutions, generate value and propel growth.”

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