News

President & Chief Executive Officer, Viren Joshi, will retire following 8 years of dedicated service and outstanding leadership. Vagner Finelli will become Sigma’s new President & Chief Executive Officer.

Theobroma transaction secures critical security software technology and strengthens Cherry’s position as a leading provider of high-security peripheral infrastructure.

NEW YORK, Sept. 30, 2020 – Argand Partners, LP (“Argand”), the New York- and San Francisco Bay Area-based private equity firm, today announced that it has completed the acquisition of Cherry GmbH (“Cherry”). Argand acquires market-leading specialty manufacturing and business services companies with sustainable competitive advantages and strong growth potential.

One of the challenges to greater diversity and inclusivity in boardrooms is a lack of visible opportunities for diverse, board-ready candidates. We proudly join Diligent’s Modern Leadership initiative to help change that.

The arrival of the pandemic has spurred digital transformation, accelerating trends already in motion, says Tariq Osman, partner and co-founder at Argand Partners.

A diverse team is a strong team, says Argand Partners co-founder and partner Heather Faust

Argand Partners, LP (“Argand”), the New York- and San Francisco Bay Area-based private equity firm, today announced that it has entered into an agreement to acquire Cherry GmbH (“Cherry”).

Argand Partners, LP (“Argand”), the New York- and San Francisco-based private equity firm, today announced its acquisition of Midwest Can Company and Container Specialties, Inc. (together, “Midwest Can”). Midwest Can is a market-leading manufacturer of portable fuel containers (“PFCs”) used for the safe handling, storage and usage of flammable liquids such as gas, diesel and kerosene. The company designs and manufactures PFCs, which contain its industry leading FlameShield Safety System, as well as fluid management accessories such as funnels, drain pans and spouts. The company’s products are sold through a diverse customer base consisting of farm & fleet, lawn & garden, automotive aftermarket, hardware, and gas & convenience retailers.

Argand Partners, the New York- and San Francisco Bay Area-based middle market buyout firm, today announced that Sigma Electric Manufacturing Corp. (“Sigma”), the leading global manufacturer of precision engineered metal components, has acquired Tooling Dynamics, the leading US manufacturer of high volume, precision metal stamping and Swiss screw machining. Tooling Dynamics’ renowned expertise working with very thin gauge metals under extremely tight tolerances allows it to tackle the toughest jobs in the electronic and telecommunications connector world. This acquisition will significantly expand Sigma’s capabilities and benefit its customers, and it represents the third acquisition under Argand’s owner-ship in addition to the opening of two new manufacturing plants.