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Argosy buys Florida hardware maker for $22.2 million

A unit of Argosy Capital, an investment firm in Wayne, bought Nationwide Industries Inc., a hardware maker in Tampa, Fla., for $22.2 million, the seller, P&F Industries Inc., said Friday.

A unit of Argosy Capital, an investment firm in Wayne, bought Nationwide Industries Inc., a hardware maker in Tampa, Fla., for $22.2 million, the seller, P&F Industries Inc., said Friday.

Nationwide Industries' products include fencing and railing hardware, window and door components, and storm and screendoor parts, according to its website.

Argosy's private equity arm invests in companies with $10 million to $100 million in annual revenue and emphasizes manufacturing, industrial services, and engineered materials.

Argosy Capital Group Inc., founded in 1990, had $841 million in assets under management last year, according to its latest Securities and Exchange Commission registration.

hbrubaker@phillynews.com

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