Building Strength: Argonaut Private Equity Completes Sale of VoidForm Products to White Cap
In a strategic move that underscores the high demand for specialized construction technology, Argonaut Private Equity has announced the successful sale of VoidForm Products to White Cap. The acquisition transitions the Fort Worth-based manufacturer from a private equity-backed growth phase to joining the ranks of the nation’s leading distributor of specialty construction supplies and safety products.
This divestiture marks the conclusion of a highly productive four-year partnership between Argonaut and VoidForm, illustrating the efficacy of Argonaut’s “operational-first” investment philosophy.
The Architects of the Deal: Argonaut and VoidForm
Founded in 2004 and headquartered in Tulsa, Oklahoma, Argonaut Private Equity has carved out a distinct niche in the middle-market landscape. With more than $2 billion in capital deployed since its inception, the firm has built its reputation on partnering with founder- and family-owned businesses within the diversified industrials sector.
Argonaut’s entry into VoidForm in 2021 was a textbook example of its strategy: identifying a company with a strong market moat and providing the institutional “scaffolding”—long-term capital, operational resources, and disciplined M&A expertise—necessary to scale.
VoidForm Products, meanwhile, occupies a critical role in the construction lifecycle. Based in Fort Worth, Texas, the company is the premier manufacturer of specialized solutions designed to protect concrete foundations and structures. Their products are essential in regions plagued by expansive, corrosive, or seismic soil conditions, where shifting earth can easily crack or compromise a building’s integrity. Through decades of expertise, VoidForm has become the go-to brand for customizable void products that mitigate soil-expansion risks.
A Partnership Defined by Growth
Since the 2021 investment, VoidForm has undergone a significant transformation. Under the guidance of Argonaut and its investment partners, the company did more than just maintain its market share—it aggressively expanded its footprint. Key milestones during the partnership included:
- Infrastructure Expansion: The company scaled its operations to include six strategic locations across Texas, Colorado, Mississippi, and Central Canada.
- Leadership Reinforcement: VoidForm strengthened its senior management team, bringing in the specialized talent required to manage a larger, more complex multi-national operation.
- Revenue Acceleration: By focusing on technical expertise and a “trusted brand” status, the company realized substantial organic revenue and earnings growth.
“VoidForm has built a highly differentiated platform with a trusted brand and deep technical expertise,” said Steve Mitchell, Argonaut CEO and Managing Director. “We are proud of what the team accomplished during our partnership and believe White Cap is the right strategic partner to support VoidForm’s next chapter.”
The White Cap Advantage
For VoidForm, the acquisition by White Cap represents a massive leap in scale. White Cap is widely recognized as the “gold standard” distributor for professional contractors, boasting an expansive North American network that offers everything from specialty chemicals to heavy-duty safety gear.
By folding VoidForm into the White Cap family, the brand gains access to a sophisticated logistics engine and a vast customer base that spans the entire continent. For White Cap, the acquisition adds a high-margin, technically specialized manufacturing arm to its portfolio, allowing it to offer more comprehensive solutions for foundation and soil mitigation to its existing contractor clients.
David DiLuccia, President of VoidForm, expressed high spirits regarding the transition:
“We are grateful for the collaboration with Argonaut… which allowed us to position the company to enter our next stage with White Cap. By becoming part of the White Cap family, we gain the resources and scale to serve customers even more effectively while continuing to deliver best-in-class solutions.”
The Industrial Outlook
This transaction reflects a broader trend in the 2026 industrial market: the consolidation of “essential” niche manufacturers into larger distribution platforms. As construction projects become more complex and environmental challenges (like soil instability) become more prevalent, the value of specialized engineering firms like VoidForm continues to rise.
For Argonaut, the exit is a validation of its “Tulsa-tough” approach to private equity—taking regional industrial leaders and preparing them for the global stage. For White Cap, it is a strategic reinforcement of its position as a one-stop shop for the professional contractor.
As VoidForm integrates into its new home, its six locations across the U.S. and Canada will likely serve as hubs for expanded innovation in soil-mitigation technology, backed by the financial and logistical muscle of a distribution giant.
Source Link:https://www.businesswire.com/
