Argand Partners Spring Briefing 2025

Dear Colleagues and Friends of the Firm,

We’re excited to share several important updates that reflect Argand’s continued commitment to building outstanding businesses, delivering strong results for our investors, and investing in the future of our firm.

First, we’ve expanded our portfolio with the acquisition of Capezio, a global leader in dancewear and a brand with a rich legacy and exceptional growth potential. Second, we’ve completed a successful dividend recapitalization of Sigma Engineered Solutions, underscoring the strength of the company and delivering meaningful value to our stakeholders. Third, Concrete Pumping Holdings (CPH) completed an upsized $425 million notes offering, enabling a special dividend and further strengthening its capital structure.

We’re also proud to announce the promotion of several team members and to welcome David Faiman as Chief Financial Officer and Director of Portfolio Operations — further enhancing our capabilities and deepening our leadership bench.

Acquisition of Capezio

Argand is proud to announce its acquisition of Capezio, an iconic global brand in dancewear and highly technical footwear with a history dating back to 1887. Headquartered in Totowa, NJ, the Company has been owned by the Terlizzi and Giacoio family for nearly 140 years and under Argand’s ownership, a number of key family members, including the CEO, will remain invested alongside Argand. With a passionate customer base, robust omnichannel presence, and strong brand equity, Capezio is well-positioned for accelerated growth.

Sigma Engineered Solutions Dividend Recapitalization

Argand has completed a dividend recapitalization of Sigma Engineered Solutions, a leading global manufacturer of precision-engineered metal components. This transaction reflects Sigma’s strong financial performance and operational progress since Argand’s investment, while returning significant capital to our investors. Sigma remains well-capitalized to pursue continued growth through innovation, operational excellence, and global expansion.

Concrete Pumping Holdings High Yield Bond and $1.00 Per Share Special Dividend

Concrete Pumping Holdings Inc. has successfully upsized a $425 million offering of senior secured second lien notes due 2032, increased from the initial $400 million. The notes were priced at an annual interest rate of 7.5%, Net proceeds were used to refinance the company’s existing notes due 2026 and fund a one-time $1.00 per share special dividend, totaling approximately $53 million.

Firm Updates

We’re pleased to announce several team promotions recognizing outstanding performance and leadership across the firm.

Charlie Burns has been promoted to Partner, reflecting his exceptional contributions and continued impact at Argand. We also congratulate Ford Harrington on his promotion to Principal, Hanan Hassan to Vice President, and Gerald Lizzo to Senior Associate.

Additionally, we’re excited to welcome David Faiman as Chief Financial Officer and Director of Portfolio Operations. David brings over 25 years of private equity and operational experience and will help drive continued value creation across the Argand portfolio.

These updates reflect our ongoing commitment to recognizing excellence and cultivating top talent across the firm.

We look forward to continuing to build on this momentum in the months ahead. Thank you for your continuing support.

The Argand Partners Team