Argosy Private Equity Expands Portfolio with Heavy Equipment Colleges Acquisition

Argosy Acquires Heavy Equipment Colleges of America

Argosy Private Equity, recognized as a key player in the lower middle-market private equity landscape, made headlines on June 9, 2025, by announcing its acquisition of a controlling interest in Heavy Equipment Colleges of America (HEC). Founded in 2004 and based in Las Vegas, Nevada, HEC stands out as a premier provider of specialized training programs focused on heavy equipment operations. With campuses strategically located across the United States, including Georgia, Oklahoma, California, and Washington, HEC has built a reputation as a leader in the field of vocational education.

HEC's programs cover a wide range of essential skills, from operating cranes and HVAC systems to mastering directional drilling techniques. The institution has earned national accreditation, making it a trusted source for those looking to transition smoothly from classroom learning to hands-on careers. As the demand for skilled labor in the construction sector rises, HEC’s mission to deliver high-quality, compliance-driven training becomes increasingly significant.

According to Jack Nugent, Partner at Argosy Private Equity, HEC's commitment to providing tailored educational experiences is one of its strongest attributes. The management team has fostered robust relationships with crucial organizations such as the Department of Veteran Affairs and the Accrediting Commission of Career Schools and Colleges (ACCSC). These relationships not only enhance HEC’s credibility but also facilitate access for students seeking educational benefits.

The acquisition aligns with Argosy’s strategy of leveraging its Value Acceleration Methodology (VAM™) to create long-term value within the companies it invests in. This methodology includes enhancing customer experiences and refining brand strategies, which will be pivotal for HEC as it aims to broaden its outreach and capitalize on new training sectors.

Cory Albano, CEO of HEC, expressed enthusiasm about the collaboration with Argosy, highlighting the potential for increased accessibility to training for aspiring operators in the heavy machinery and crane industries. “With our focus on safety and maintaining the highest quality standards, we believe Argosy will play a crucial role in expanding our reach,” he stated.

This partnership not only emphasizes Argosy's commitment to supporting educational initiatives but also reflects a growing recognition of the importance of skilled vocational training in addressing the current workforce challenges. HEC is poised to thrive under Argosy’s stewardship, following its plans to enhance its IT infrastructure and develop innovative training programs.

As the landscape of vocational training continues to evolve, Argosy Private Equity, with its extensive experience and dedicated focus on U.S. manufacturing, aims to ensure that HEC remains at the forefront of delivering high-quality education. With over $1.1 billion in assets under management as of late 2024 across six funds, Argosy is well-equipped to guide HEC in its next stage of growth and to meet the increasing demand for qualified professionals in the heavy machinery sector.

Through this acquisition, Argosy not only reinforces its portfolio but also bolsters the infrastructure necessary to train the next generation of skilled workers in a vital industry. The future of HEC looks promising as it prepares to embark on this new phase of development and expansion, ultimately facilitating a smoother transition for students from education to employment.