Wize Solutions, a full-service warehouse racking, automation and dock and door installation company based in Salt Lake City, has been acquired by Argosy Private Equity. Argosy is a lower middle market private equity firm based in Wayne, Pennsylvania.
Founded in 2007, Wize serves manufacturers and distributors across all 50 states as well as Canada, Mexico, Japan and Australia. The company does not purchase nor sell the racking systems, but is strictly an installer for its customer base, which is primarily comprised of racking manufacturers and distributors.
“Wize Solutions is very excited about our new partnership with Argosy Private Equity,” said Tyson Bigelow, Wize president and CEO. “This partnership will enable us to improve our offering and continue our growth, while focusing on our customers. Argosy is committed to upholding the ‘Wize Solutions Way,’ a standard that we have set throughout our company’s history. “We are confident that Argosy’s investment in Wize Solutions will allow for greater success.”
“As one of the only racking installers with a nationwide presence, Wize is well known for their reliability and customer service in the installation space,” said Michael Bailey, partner at Argosy Private Equity. The management team at Wize has built long-standing relationships with racking manufacturers, dealers, and end users, and we are excited to leverage our experience in the warehousing industry to help the company continue to drive growth.”