Argonaut completed the investment in Hammer & Steel.

Argonaut, a private equity firm, completed the investment in Hammer & Steel, a provider of pile driving, drilling equipment, and piling products. Financial terms were not disclosed. “Hammer & Steel provides equipment that is critical to the continued growth of North America. What is more fundamental to the growth of economies than being able to construct buildings and bridges? Hammer & Steel helps companies across our continent do that,” Steve Mitchell, Argonaut CEO and Managing Director.