CHARLOTTE, NC -
Component Sourcing International (CSI) has acquired AllTech Pro (ATP), a global sourcing organization highly focused on steel castings for industrial and heavy equipment applications, including its own line of bucket teeth, shanks and other ground engaging tools. ATP was founded in 2017 in Tucker, GA, a suburb of Atlanta. This acquisition further enhances the growth of CSI by adding a well-established operation near Atlanta, close to many current customers. ATP advances CSI’s strategic focus on growing its steel casting expertise, as well as having its own brand of ground engaging tools.
“We are excited to partner with ATP to expand our product offerings to include steel castings.” said John Hornberger, CSI’s President and CEO. “ATP has an amazing reputation for being steel casting experts, including conversion of weldments and fabrications to castings. The benefits to our customer base for this type of additional service offering will be game changing, as we partner with them to drive cost downs through VAVE. ATP’s ground engaging tools product line will also be a focus for us as we move from regional to national distribution.”
“We are excited about partnering with the Alltech team. The two companies share a commitment of servicing businesses at a high level through on time delivery of quality parts and best-in-class support. The combined strength of CSI and Alltech will provide customers access to a broader portfolio of sourcing solutions.” said John Broderick, Operating Partner of Argosy Private Equity.
“We are delighted to have joined the CSI team.” said Bill Miller, co-Founder of ATP. “Every aspect of this acquisition is complementary to all involved. The synergies resulting from our combined strengths are making themselves apparent from day one and will benefit our clients, suppliers, and our team. We eagerly look forward to this new partnership.”
About Component Sourcing International, LLC
Based in Charlotte, NC, and founded in 1982, CSI is a global leader in sourcing and distribution of highly engineered component parts and assemblies serving original equipment manufacturers in a variety of industries. Through utilization of a global supply chain, commitment to the highest levels of quality, inventory stocking locations in NC, TX, ID and CT, and world-class customer service, CSI provides its customers with superior products and globally competitive pricing.
About AllTech Pro
Founded in 2017, AllTech Pro offers global sourcing solutions to industrial manufacturers related to steel castings, including its own line of ground engaging tools. AllTech Pro’s commitments to cost, quality and delivery have enabled the organization to become an industry leading supplier to heavy equipment OEMs, as well as dealers and repair facilities across North America.
About Argosy Capital
Argosy Private Equity, founded in 1990, specializes in providing capital and operating and financial expertise to lower middle market companies across a broad range of industries. Argosy partners with motivated management teams investing in companies with sustainable competitive advantages and attractive growth prospects.
Argosy Private Equity is a division of Argosy Capital Group, Inc. ("Argosy Capital") together with Argosy Real Estate Partners and Argosy Credit Partners. Argosy Capital is an SEC registered investment adviser with approximately $1.5 billion of assets under management. All of the Argosy Capital funds focus on lower middle market investments.