in its recapitalization by
Frederick, CO-based Mark Young Construction, LLC (“Mark Young”), a regional leading provider of commercial construction services, announced its recent recapitalization by Tulsa, OK-based Argonaut Private Equity.
Founded in 1989, Mark Young specializes in preconstruction building services, refrigeration services, maintenance, and concrete services specifically tailored to grocery retail end markets, as well as new construction and remodel services for municipalities, including the education and public safety sectors within the western United States. As a tenured expert in warehouse refrigeration systems, Mark Young’s Refrigeration Division is a select provider of refrigeration services to the nation’s largest grocers.
“GLC is proud to have helped Mark Young find the perfect partner that is passionate about its business, customers, and staff. This transaction will allow Mark Young to drive growth and success by allowing the company to serve its existing customers and expand into new geographies.”– Michael Richter, Managing Director of GLC Advisors
|About Mark Young Construction, LLC
Mark Young (www.markyoungconstruction.com) is an award-winning provider of commercial and institutional construction services located in Frederick, CO with 150+ staff serving grocery, retail, municipal, education, and public safety customers in Colorado, New Mexico, Utah, Wyoming, Idaho, Kansas, California, Nebraska, South Dakota, Oklahoma and Texas.
About Argonaut Private Equity
Founded in 2002, Argonaut Private Equity (www.argonautpe.com) is a Tulsa-based private equity firm with $3 billion of capital deployed in direct investments across key industry sectors including manufacturing, industrials, and energy services. Argonaut partners with companies to develop a strategy for accelerating growth and enhancing operations. While the Arizona-based company has been independent for 37 years, its employees will join Gusto’s current workforce of 1,400 employees.
Gusto will be able to integrate further with Symmetry’s technology and data, while enriching its own tax-prevention software.
In all of its products, which include payroll, health care and financial benefits, earned pay access and an employee digital wallet, Gusto wants its tools to be “opinionated” and “guided”, Tomer London, co-founder and CPO, said.
“To give that guidance and to have that opinion, we have to have all the data and rules in the backend, and that’s what Symmetry enables us to do,” London said.
Together, Gusto and Symmetry plan to introduce alerts to employers before tax code changes, and help employers manage address-specific tax codes, which can vary.
Symmetry’s technology will also boost the value proposition of Gusto’s new embedded payroll play. This enables other software companies, such as business banking fintech Novo and software provider Square, to weave payroll into their businesses.
|GLC Business Services & Diversified Industries Group
GLC provides senior-level advice and attention to industry leaders, entrepreneurs, and financial sponsors. GLC’s Business Services & Diversified Industries Group specializes in providing sell-side M&A advisory, buy-side M&A advisory, minority and majority recapitalizations, debt and equity capital raising, and other corporate finance advisory services.
Adam Fiedor / Managing Director
Adam.Fiedor@glca.com / 303.479.3845
Michael Richter / Managing Director
Michael.Richter@glca.com / 303.479.3844
Michael Fleschner / Vice President
Michael.Fleschner@glca.com / 303.479.3846
GLC Advisors & Co.
GLC Advisors & Co. delivers objective, senior-level expertise to clients through a variety of advisory assignments including: Mergers & Acquisitions, equity and debt capital advisories, restructurings/recapitalizations, fairness opinions, and valuations. Offices are located in New York, San Francisco, and Denver. For more information, visit www.www.glcllc.com.
GLC Advisors is affiliated with GLC Investment Advisors, an investment firm which provides debt and equity capital for leveraged buyouts, strategic acquisitions, recapitalizations and growth financings for middle market companies.