Private Equity Firm Other

Argonne Capital Group

Atlanta, Georgia, United States

Argonne Capital Group is a closely held private investment firm that seeks to make equity investments in middle-market enterprises, independently capitalizing each investment and allowing an indefinite ownership horizon.

Focus Areas
Middle-market private equity, Independent capitalization / flexible ownership horizon

Tracked deals

7

7 tracked deals across 2020-2025.

Recent pace

0

0 tracked deals announced in the last 12 months.

Deal mix

Addon

4 addon · 3 buyout

Argonne Capital Group Acquisition Volume by Year

Last 5 years

Acquisition volume by year Annual acquisition counts for the last 5 years for Argonne Capital Group. 1 2020 2 2021 1 2023 2 2024 1 2025

Supporting Data

Recent Transactions

  • Buyer
    The Perfect Light, Argonne Capital Group
    Target
    Premier Lighting Enterprises LLC
    Type
    Addon

    The Perfect Light, a Farmers Branch, Texas-based outdoor lighting company and portfolio company of Argonne Capital Group, has acquired Premier Lighting Enterprises LLC, a Van Alstyne, Texas-based full-service lighting, Christmas décor and electrical contracting business. The add-on acquisition closed October 3, 2025 and is intended to expand The Perfect Light’s geographic reach and service capabilities across major Texas markets.

  • Buyer
    National Fitness Partners, Argonne Capital Group
    Target
    Planet Fitness franchise locations (20+ clubs in Indiana, Ohio and Tennessee)
    Seller
    Baker Group
    Type
    Addon

    National Fitness Partners, a portfolio company of Argonne Capital Group, acquired more than 20 Planet Fitness franchise clubs in Indiana, Ohio and Tennessee from the Baker Group. The deal increases National Fitness Partners' footprint to 172 clubs across 13 states; terms were not disclosed.

  • Buyer
    Argonne Capital Group
    Target
    Country View Bulk Foods
    Seller
    Country View Bulk Foods owners
    Industry
    Food & Beverage
    Type
    Buyout

    Argonne Capital Group, a private investment firm based in Atlanta, has acquired Country View Bulk Foods in Snover, Michigan. The transaction, facilitated by IAG M&A Advisors, closed after a competitive bidding process and follows the sellers' decision to retire.

  • Buyer
    Argonne Capital Group
    Target
    Keystone Fireworks
    Industry
    Retail
    Type
    Buyout

    Argonne Capital Group has acquired Keystone Fireworks, a Pennsylvania-based retailer that designs, imports and sells proprietary consumer fireworks through licensed stores. Alignment Credit acted as sole lead arranger and administrative agent for a senior secured credit facility to support the buyout and enable the company's future growth under Argonne's ownership.

  • Buyer
    Schill Grounds Management, Argonne Capital Group
    Target
    The Ohio Valley Group (commercial division)
    Seller
    The Ohio Valley Group, Andy Dangelo, Kathleen Dangelo
    Type
    Addon

    Schill Grounds Management, a portfolio company of Argonne Capital Group, has purchased the commercial division of The Ohio Valley Group in a carve-out add-on that expands Schill's service area to the east side of Cleveland. About a dozen commercial employees, equipment and use of a portion of The Ohio Valley Group's facilities will transfer to Schill while the Dangelos retain residential operations and pursue other ventures.

  • Buyer
    National Fitness Partners, Argonne Capital Group, Ares Management Corporation (Credit Group)
    Target
    Planet Fitness clubs (16 locations)
    Seller
    Two sellers (unnamed)
    Type
    Addon

    National Fitness Partners (NFP), a portfolio company of Argonne Capital Group, acquired 16 Planet Fitness club locations — 15 in the greater Cleveland and Akron-Canton, Ohio markets and one in central Pennsylvania. The deal was financed with junior capital from funds managed by the Credit Group of Ares Management and expands NFP's footprint to 94 Planet Fitness clubs with development rights across several states.

  • Buyer
    Argonne Capital Group
    Target
    Schill Grounds Management, McCoy Landscape Services
    Seller
    Existing shareholders of Schill Grounds Management (including founder Jerry Schill)
    Type
    Buyout

    Argonne Capital Group made a controlling investment in Schill Grounds Management, a commercial landscaping platform based in Cleveland, Ohio, providing shareholder liquidity while Jerry Schill remains CEO with a meaningful ownership stake. Proceeds also funded Schill's acquisition of McCoy Landscape Services in Marion, Ohio as the company's first tuck-in; Argonne and Schill plan further add-on acquisitions in the fragmented commercial landscaping market.

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