Portfolio

CURRENT INVESTMENTS

AVITA DRUGS, LLC
Baton Rouge, Louisiana – Avita Drugs, LLC is a specialized pharmacy which dispenses and delivers prescription medications for patients with certain chronic diseases. Avita also provides extensive patient data to the caregivers, prescribing physicians and community based organizations to assist with monitoring patient adherence. Avita is the leading provider of prescription medications to patients living with HIV / AIDS in the state of Louisiana.
www.avitadrugs.com

FLEETWOOD CARRIERS, INC.
Lufkin, Texas – FleetWood is a specialty truckload carrier serving primarily the forest products and paper mill industries. FleetWood is the dominant provider of transportation in Texas and Louisiana for wood chips and other wood byproducts delivered in chip vans from saw mills, plywood mills, and whole log chip mills to be used as raw materials at paper mills. FleetWood also uses flatbed and van trailers to transport general commodities and provides warehousing of commodities at the Port of Houston.
www.ftwd.net

GAHH, LLC
Los Angeles, California – GAHH is a leading manufacturer of OEM quality replacement convertible tops and interiors. GAHH is known as the premier manufacturer of replacement tops and interiors for high-end European cars including Mercedes Benz, Porsche, BMW, Jaguar, Ferrari and Rolls Royce.
www.gahh.com

HK SYSTEMS, INC. (dba OTTR Chronic Care Solutions)
Omaha, Nebraska – HK Systems, Inc. is a market leading provider of organ transplant software in the U.S. The Company develops software products which increase the quality of patient care, improve workflow management and provide operational efficiencies for the healthcare industry.
www.ottr.com

SELECTED EXITED INVESTMENTS

CERILLIANT CORPORATION
Round Rock, Texas – Cerilliant Corporation is a specialty chemicals company that uses organic synthesis for the production of analytical reference standards used in medical, forensic, environmental, pharmaceutical and other test laboratories. Cerilliant has developed a worldwide reputation as a leading provider of analytical reference standards. Cerilliant was sold in December of 2010 to Sigma-Aldrich Corporation (Nasdaq: SIAL), resulting in a gain of 27 times the initial equity investment over 10 years, producing an internal rate of return of 38%.
www.cerilliant.com

ENERSYST DEVELOPMENT CENTER, LLC
Farmers Branch, Texas – Enersyst developed and licensed technology used in equipment for the food industry. Enersyst had an extensive portfolio of patented technology that was widely licensed and incorporated in equipment in the foodservice, food processing and residential markets. Enersyst technology had its biggest impact on the pizza industry where its technology changed the industry from the use of traditional “deck ovens” to high speed “impingement” conveyor ovens and significantly reduced cooking times. Enersyst was sold in December 1999 to an industry buyer, resulting in a gain of 18 times our average investment over 4 years, producing an annual internal rate of return of 175%.

PRECISION SURE-LOCK, INC.
Seagoville, Texas – Precision manufactured steel anchorage products used to hold cables in post-tension and pre-stressed concrete construction and sold other related products. Precision was the dominant domestic supplier of one-time use wedges which were used in residential and commercial post-tension slabs. Precision was sold in April 2006 to a NYSE company which had a small presence in a related market. The sale resulted in a gain of 5.2 times our original investment over a period of 4 years, and produced an annual internal rate of return of 52%.
www.precisionpt.com

TEXAS METAL WORKS, INC.
Beaumont, Texas – Texas Metal Works (TMW) was a manufacturer of large alloy steel pipe fittings for the petrochemical and refinery industries. TMW produced open and closed die forgings and machined more than fifty different alloys of steel. Shortly after Argenta’s original investment in TMW, the market went through a period of significantly reduced demand. After the implementation of some significant changes in organization and strategy and a resurgence of demand, the company was sold in 1997 to a private company engaged in a consolidation of manufacturers serving the petrochemical and refinery markets. The sale produced a return of approximately 4 times the original investment over 6 years, producing an annual internal rate of return of 25%.
www.texmet.com

TEWA MOULDING, LLC
Albuquerque, New Mexico – Tewa was a niche manufacturer of small pattern, solid wood mouldings. Tewa sold its mouldings to wholesalers serving the lumber yard and DIY retail centers including Home Depot and Lowe’s. Tewa was sold in July 2004 to a private equity group which was initiating an industry consolidation. The sale resulted in a gain of 3.4 times our original investment over a period of 7 years and produced an annual internal rate of return of 21%.

WESTCON, INC.
Bismarck, North Dakota – Westcon is a specialized industrial construction company that provides construction services for large scale process facilities. Its construction services include process piping, structural, civil, equipment placement and maintenance construction. Argenta Partners completed the sale of Westcon to Bilfinger Berger SE (XETRA:GBF) on July 12, 2012. The successful exit generated a gain of 6.7 times the initial equity investment.
www.westconindustries.com