Charter Capital Partners, a Grand Rapids, Michigan-based investment bank, announced that its client Burco has been acquired by Argosy Private Equity.Burco manufactures and supplies mirror glass and related products to various automotive and consumer markets across the United States and is an original equipment supplier to various specialty mirror head manufacturers. Headquartered in Grand Rapids, Michigan, Burco was founded in 1979 and is the only U.S.-based manufacturer of replacement side view mirrors. Operating out of a twenty-thousand square foot manufacturing and warehousing facility, the company offers a large line of products engineered for over 4,500 different types of vehicles.“The Charter team was a valuable resource throughout the transaction process. They knew the right buyers to bring to the table and positioned the company strongly in the marketplace,” said Mike Mervenne, Burco CEO and Owner. “We are excited for the future of Burco and the partnership with Argosy.”“Burco is an extremely unique asset and a great automotive aftermarket business, and we were thrilled to help Mike find the right partner for the business,” added Mike Brown, Partner and Managing Director at Charter Capital Partners. “We are excited to see the business continue to grow during its partnership with Argosy.”“Burco is pleased to join forces with Argosy Private Equity. Throughout our nearly 50-year history, quality and customer service has always been at the forefront of our operation. Argosy’s partnership will help us continue this focus by expanding our product line and geographic reach to meet customer needs and pursuing additional growth opportunities aligned with our mission of ‘Quality is in our image’,” said Bill Castleberry, President of Burco.“We are excited to be partnering with Burco’s experienced team. As the only domestic manufacturer of automotive mirror replacement, Burco has developed a strong reputation of fast shipping times, quality products, and great customer service, added Keven Shanahan, Partner at Argosy Private Equity. “We are looking forward to working with the team to continue to grow and support strategic initiatives that build off of this foundation.”Argosy partnered with Guy Boitos of Stone River Capital Partners, a Michigan-based private investment firm with significant experience in the industry. This is Argosy’s third investment with Stone River Capital Partners.