Tulsa-based private equity firm Argonaut has announced a new partnership with Layco Electric Innovations (LEI), a fellow Tulsa company specializing in manufacturing electrical equipment and motor servicing. The collaboration aims to accelerate LEI's expansion in the rapidly growing market for mission-critical electrical infrastructure.

LEI's product offerings cater to various industries, including petrochemicals, manufacturing, renewable energy, and data centers. As the demand for artificial intelligence and domestic energy continues to rise, the need for supporting infrastructure is becoming increasingly important.

"We're excited to partner with Layco Electric Innovations," said Steve Mitchell, CEO and Managing Director at Argonaut. "Our expertise in operational efficiency and structured growth approaches will help LEI capitalize on opportunities in this expanding industry."

To support its growth ambitions, LEI is currently constructing a state-of-the-art manufacturing facility in Tulsa. "As America's energy demands grow, the supporting infrastructure must expand exponentially," Mitchell noted. "Our partnership with LEI will help make meeting that demand a reality."

Mike Lay, CEO of LEI, echoed the excitement. "Our work is critical to America's energy future, and we're thrilled to collaborate with Argonaut to drive growth and expansion."

The alignment of the two Tulsa-based companies bodes well for their joint expansion plans. "This partnership is a key step towards creating substantive growth in the manufacturing sector, benefiting both the companies involved and the city of Tulsa," Mitchell said.

The partnership follows Argonaut's recent closure of its $500 million Fund V, which continues the firm's strategy of partnering with family-owned businesses in the manufacturing, industrial, and services sectors.

Layco Electric Innovations has been a trusted provider of electric motors, industrial controls, and power distribution solutions since 1945. With Argonaut's support, the company is well-positioned to meet the escalating demand for its mission-critical products and services.