CPC LLC, a private equity company focused on buying, building and holding businesses long-term, has bought Component Sourcing International from Argosy Private Equity, a lower-middle-market private equity firm.
CSI is a supply chain-as-a-service provider focused on global sourcing and supply chain management of OEM (original equipment manufacturing) and aftermarket components for industrials, equipment, construction and other sectors. After Argosy’s purchase of the company, it assisted CSI with hires in its global sourcing department, upgrading facilities and systems infrastructure, and with sales and marketing improvements and initiatives.
“During the last eleven years, CSI has experienced a fair share of internal and external challenges. What truly distinguished this team was the high-performing culture they built over the last five years,” comments John Broderick, director of CSI and operating partner at Argosy Private Equity. “It has been very rewarding to observe this team come together behind the tremendous, service-oriented leadership of John Hornberger.”