News

Argyle Announces Investment by the Wicks Group of Companies

New York, June 15, 2015 - Argyle Executive Forum LLC ("Argyle"), a leading provider of C-level executive events for Fortune 500 business leaders, today announced that New York-based investment firm, The Wicks Group of Companies ("Wicks"), entered into a definitive agreement to acquire a majority position in the company, alongside management. Terms of the transaction were not disclosed.

Headquartered in New York, Argyle hosts more than 100 annual full-day conferences, private breakfasts, dinners, workshops, virtual conferences, think tanks and roundtable discussions for its screened executive membership of leaders of the largest companies in the United States.

Argyle's event and content solutions allow its members, speakers and sponsoring partners to connect in person, in a peer-to-peer, protected environment to share thought leadership, high level networking and direct discussion with fellow business leaders. The company, led by CEO, Danny Phillips, and founder and senior board member, Jason Redlus, is supported by hundreds of leading brand partners who receive a range of programs allowing them to access and engage with Argyle's membership.

"We are excited to begin our partnership with Wicks," said CEO, Danny Phillips, "We appreciate Jason Redlus' vision and support of our company's establishment and growth and believe this new partnership will continue the expansion of the C-suite thought leadership and high touch customer engagement services Argyle has been providing our clients for the last nine years."

Commenting on the transaction, Argyle founder, Jason Redlus, said, "We are pleased to have found a partner that shares our vision and appreciation for the culture, processes, people, products and customer value that we've built. We're eager to continue building our track record of excellence and expanding our product offering."

"Argyle is a leader in the rapidly expanding high touch engagement events market and is clearly a valued service provider to its attendee members and sponsors," said Craig B. Klosk, Managing Partner and Co-Founder of Wicks. "We believe the breadth of opportunity for organic and acquisition-driven growth is compelling and we look forward to working with Danny and the rest of the Argyle team to support the next phase of the company's development."

The transaction closed on June 15. Morgan, Lewis & Bockius LLP, Hodgson Russ LLP, Paul, Weiss, Rifkind, Wharton & Garrison LLP, and Choate Hall & Stewart LLP, served as legal counsel to Argyle. FiveW Capital LLC served as strategic advisor to Argyle. Golenbock Eiseman Assor Bell & Peskoe LLP served as legal counsel to Wicks.

ABOUT ARGYLE EXECUTIVE FORUM (www.argyleforum.com)

Argyle Executive Forum is a leading provider of C-level executive summits for Fortune 500 business leaders. Argyle hosts more than 100 annual full-day conferences, private breakfasts, dinners, workshops, virtual conferences, think tanks and roundtable discussions for its screened executive membership of leaders of the largest companies in the United States.

Argyle's event and content solutions allow its members, speakers and sponsoring partners to connect in person, in a true peer-to-peer, protected environment to share thought leadership, high level networking and direct discussion with fellow business leaders.

Based in New York, Argyle is supported by hundreds of leading brand partners who receive a range of programs allowing them to access and engage with the company's membership.

Contact: Danny Phillips, President & CEO, 646-839-0045

ABOUT THE WICKS GROUP OF COMPANIES (www.wicksgroup.com)

The Wicks Group of Companies is a private equity firm based in New York City that invests in lower-middle-market companies operating in selected segments of the information, education and media industries principally in the United States and Canada. Since its founding in 1989, Wicks has invested over $1 billion of capital in 30 platform companies and approximately 100 add-on acquisitions. The firm has applied a consistent investment strategy since its founding, partnering with high-quality, experienced management teams to build businesses organically and through acquisitions.