BATAVIA, Ill.--(BUSINESS WIRE)--Argosy Private Equity, a lower middle market investment firm focused on businesses in the manufacturing and B2B services sectors, is pleased to announce Pete Chatel as the new Chief Executive Officer for Barco Products, LLC. Barco Products is a manufacturer and marketer of commercial outdoor furnishings and traffic safety products which teamed up with Argosy in August 2023.
Mr. Chatel has over 25 years of successful experience leading manufacturing companies primarily in the hardware industry. Most recently Chatel was the President of Hultafors Group North America, where his team successfully delivered record growth through both acquisition and organic initiatives. He spent the early years of his career with Black & Decker and was part of the marketing team that launched the highly successful DeWalt brand. During his progression of commercial and general management roles at Black & Decker, Chatel completed expatriate assignments in Canada and New Zealand.
Chatel was also part of the leadership team at Senco Brands, a private equity backed manufacturer of fastening systems located in Cincinnati, OH. During his tenure at Senco the team led a transformative turnaround that resulted in a successful exit for Wynnchurch Capital, the private equity investor.
Pete holds a Bachelor of Arts degree in Marketing from Michigan State University, and an MBA from Loyola University of Maryland. He and his wife Cathy will relocate to the Chicago area.
Argosy Partner Michael Bailey commented, “We are thrilled to have Pete step into this CEO role leading Barco Products. His significant experience in leading high-performance teams to new levels of profitable growth makes him the ideal person to lead Barco Products in their next phase of development.”
Chatel added, “I am honored to lead the Barco Products team and I am extremely optimistic about our growth opportunities. Given our outstanding people, innovative products, strong commercial strategy, and robust end markets I feel confident that we have a very bright future.”
About Argosy Private Equity: Argosy Private Equity, founded in 1990, specializes in providing capital and operating and financial expertise to lower middle market companies across a broad range of industries. Argosy partners with motivated management teams to invest in companies with sustainable competitive advantages and attractive growth prospects. Argosy Private Equity is a division of Argosy Capital Group, a national investment advisor operating funds in private equity, real estate, credit, healthcare, and secondaries strategies.
About Barco Products: Barco Products is a designer, manufacturer and distributor of commercial outdoor site furnishings and traffic safety products. Headquartered in Batavia, Illinois and founded in 1984, Barco sells a wide variety of products, many using lumber made from recycled plastics, across four brands including TreeTop Products, Barco Products, Kirby Built Products and Barco Canada. The differentiated branding creates distinct, customized marketing channels for different customer profiles and markets.
