White Cap Acquires VoidForm, Deepening Specialty Construction Dominance

TULSA, Okla. – January 23, 2026 – White Cap, the nation's leading distributor of specialty construction supplies, has completed its acquisition of VoidForm Products, a premier manufacturer of concrete protection solutions. The deal, announced today, marks a strategic exit for private equity firm Argonaut Private Equity and significantly enhances White Cap's portfolio with specialized, high-value products designed to protect concrete foundations from challenging soil conditions.

The transaction transfers ownership of the Fort Worth, Texas-based manufacturer to White Cap, integrating VoidForm’s six locations across the U.S. and Canada into a distribution network that spans approximately 500 North American branches. The move is a clear indicator of White Cap's aggressive growth strategy and its focus on becoming an indispensable, one-stop technical resource for professional contractors.

A Strategic Play in a Consolidating Market

This acquisition is the latest in a series of calculated moves by White Cap to consolidate a fragmented construction supply market and bolster its engineered product offerings. The company has been actively acquiring regional distributors and manufacturers that provide specialized capabilities, moving beyond simple distribution to offer comprehensive solutions.

The purchase of VoidForm aligns perfectly with this strategy, following similar high-profile acquisitions such as Dayton Superior in 2024, which brought engineered concrete accessories and R&D services into the fold. By adding VoidForm, White Cap gains in-house manufacturing of products that mitigate damage from expansive, corrosive, and seismic soil conditions—a critical and growing niche.

"This is an exciting opportunity to expand our broad portfolio of specialized products and deliver custom solutions for our customers," stated White Cap CEO Alan Sollenberger in a recent communication, emphasizing that the deal strengthens the company's ability to provide technical support for complex construction projects.

To ensure a seamless transition and retain invaluable expertise, VoidForm President David DiLuccia will continue to lead the division, reporting to White Cap's Central Region President, Brian Bilderback. This leadership continuity signals White Cap's intent to preserve and build upon the specialized knowledge that has defined the VoidForm brand for decades.

"By becoming part of the White Cap family, we gain the resources and scale to serve customers even more effectively while continuing to deliver the best-in-class solutions that have defined the VoidForm brand,” said DiLuccia in a statement. His remarks underscore the synergy at the heart of the deal: combining VoidForm's manufacturing prowess with White Cap's immense market reach.

The Private Equity Value Creation Playbook

The sale marks a successful and timely exit for Argonaut Private Equity, which partnered with VoidForm in 2021. The Tulsa-based firm, which has deployed over $2 billion in capital since its 2004 inception, specializes in investing in founder- and family-owned industrial businesses and accelerating their growth.

Argonaut’s partnership with VoidForm is a textbook example of its value creation model. Over the past five years, Argonaut provided the capital and operational resources that enabled VoidForm to expand its market leadership, invest in new manufacturing facilities, and strengthen its senior management team. This strategic guidance positioned VoidForm for substantial revenue and earnings growth, making it a highly attractive asset for a strategic buyer like White Cap.

"VoidForm has built a highly differentiated platform with a trusted brand and deep technical expertise,” said Argonaut CEO and Managing Director Steve Mitchell. “We are proud of what the team accomplished during our partnership and believe White Cap is the right strategic partner to support VoidForm’s next chapter.”

Argonaut's track record, which includes successfully raising $500 million for its fifth fund, is built on identifying industrial companies with strong market positions and unlocking further value through operational improvements and disciplined expansion. The VoidForm transaction serves as a powerful validation of this investment thesis, demonstrating the potential for private equity to mature a specialized company before handing it off for its next stage of scaled growth.

Building for a More Demanding Environment

The acquisition comes at a time when the demand for advanced construction materials has never been higher. The global concrete restoration market, valued at over $17 billion in 2023, is projected to grow at a compound annual rate of nearly 7% through 2030. This growth is fueled by several powerful macro trends.

Aging infrastructure across North America, with tens of thousands of bridges and other structures requiring repair, creates a massive, non-discretionary need for restoration and protection products. Simultaneously, rapid urbanization drives new construction that must meet increasingly stringent building codes and withstand more extreme environmental conditions. The rising frequency of floods, seismic events, and soil instability linked to climate change makes proactive foundation protection a critical component of modern construction.

This is precisely where VoidForm’s products provide immense value. Their customizable void forms create a space between a concrete structure and expansive soil, absorbing ground movement and preventing costly structural damage. In a world demanding greater infrastructure resilience, these solutions are shifting from a niche specification to a mainstream necessity. The integration of these products into White Cap’s vast catalog makes them more accessible to the 200,000 professional contractors the company serves, potentially accelerating the adoption of more resilient building practices across the industry.