CapitalWorks moves on from Capewell Aerial Systems investment

Cleveland private equity firm CapitalWorks LLC has sold its investment in Capewell Aerial Systems to Argosy Private Equity. Terms of the deal were not disclosed. After acquiring Capewell Holdings in 2014, CapitalWorks transformed the manufacturer of air soldier tactical gear from a component business to a full solution provider through its acquisition and integration of Aerial Machine and Tool. The combined company, Capewell Aerial Systems, became the world leader in innovative tactical safety products for the air warrior. “CapitalWorks added tremendous value through its network and strategy development,” said John Marcaccio, CEO and president of Capewell Aerial Systems, in a statement. “CapitalWorks assembled a world-class advisory board and provided us with management processes that have given us an advantage over our competitors.” CapitalWorks was advised on the transaction by KippsDeSanto. Legal counsel was provided by Calfee, Halter, & Griswold. Ironwood Capital was a trusted financial partner. Working with Managing Director Todd Martin on the transaction for CapitalWorks were Vice President John Corrigan and Associate Patrick Chang.