Argus Monitoring Solutions Completes Two Add-on Acquisitions
Benford Capital Partners (“Benford Capital” or “BCP”) is pleased to announce the recent acquisitions of Seismic Surveys, LLC (“Seismic Surveys”) and Vibration Energy Services, Inc. (“Vibration Energy Services”) under Argus Monitoring Solutions Holdings, LLC (“Argus Monitoring Solutions” or “Argus”). BCP formed Argus in October 2021 as a holding company to acquire test & measurement services and equipment companies in the seismic and environmental monitoring industries, and initially acquired Sauls Seismic and Nomis Seismographs.
Founded in 2001 and headquartered in Frederick, MD, Seismic Surveys is a leading provider of infrastructure-related consulting inspection services and seismic and environmental monitoring services. Seismic Surveys will continue to be led by David Miller, P.G. (President and Co-Founder), Patrick Hastings, Jr., P.G. (VP of Operations), and Eric Rehwoldt, P.E., P.G. (VP of Engineering).
Founded in 1974 and headquartered in Fort Lauderdale, FL, Vibration Energy Services is a leading provider of seismic monitoring and pre- and post-blast survey services in the South Florida market.
“We are thrilled to partner with Argus Monitoring Solutions on Seismic Surveys’ next phase of growth,” commented David and Elena Miller, Co-Founders of Seismic Surveys. “We partnered with Argus due to its commitment to backing the existing Seismic Surveys team and culture, and the unique opportunity to pair Seismic Surveys with a growing platform focused on seismic and environmental monitoring services.”
“The acquisitions of Seismic Surveys and Vibration Energy Services are highly complementary to Sauls Seismic and Nomis Seismographs under the Argus platform. We are excited to supplement Argus’ diverse monitoring and inspection services offering and expand its footprint across the Mid-Atlantic, East Coast, and Sun Belt regions,” commented Cormac Kelly, CXO of Argus Monitoring Solutions. “We look forward to investing additional resources to help drive the companies’ organic growth in the years ahead.”
Argus Monitoring Solutions represents BCP’s 6th Industrial Technology platform investment. Argus is actively seeking add-on acquisition opportunities of related companies in the seismic and environmental monitoring industries.
ABOUT BENFORD CAPITAL PARTNERS
Founded in 2004, Benford Capital is a Chicago-based private equity firm focused on buying and building leading lower middle market companies in partnership with founders and management. Since inception, Benford Capital has acquired 30 companies, including several add-on acquisitions, and currently owns 13 platform companies. Industry areas of focus include industrial technology, consumer products and food, B2B e-commerce, and agricultural products and services. For more information, please visit www.benfordcapital.com.
For investment opportunities for Argus Monitoring Solutions, please contact Cormac Kelly (firstname.lastname@example.org) or Brendan Green (email@example.com).