Argosy Private Equity, a lower-middle-market private equity firm, has bought Burco Inc.
Burco manufactures and supplies mirror glass and related products to various automotive and consumer markets across the U.S. and is an original equipment supplier to various mirror head manufacturers. Headquartered in Grand Rapids, Mich., Burco was founded in 1979 and manufactures replacement sideview mirrors. The company operates out of a 20,000-square-foot manufacturing and warehousing facility and offers a line of products for over 4,500 different types of vehicles. Argosy partnered with Guy Boitos of Stone River Capital Partners, marking Argosy’s third investment with the firm.
Throughout our nearly 50-year history, quality and customer service has always been at the forefront of our operation,” states Bill Castleberry, president of Burco. “Argosy’s partnership will help us continue this focus by expanding our product line and geographic reach to meet customer needs and pursuing additional growth opportunities aligned with our mission of ‘Quality is in our image’.”