M&A Deal Summary

TJC Acquires ACR Group

On November 19, 2013, private equity firm TJC acquired electronics company ACR Group from J.F. Lehman & Company

Acquisition Highlights
  • This is TJC’s 1st transaction in the Electronics sector.
  • This is TJC’s 33rd transaction in the United States.
  • This is TJC’s 2nd transaction in Florida.

M&A Deal Summary

Date 2013-11-19
Target ACR Group
Sector Electronics
Buyer(s) TJC
Sellers(s) J.F. Lehman & Company
Deal Type Secondary Buyout

Target

ACR Group

Fort Lauderdale, Florida, United States
website
ACR's corporate headquarters located in Fort Lauderdale, Florida.
ACR's corporate headquarters located in Fort Lauderdale, Florida.
ACR Group is a provider of advanced electronics for tracking, communication, data management, and visual and distressed signaling across attractive growth markets including aviation, marine, military, and specialty applications. ACR Group was formed in 1956 and is based in Fort Lauderdale, Florida.

Search 192,907 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

TJC

New York, New York, United States

website


Category Private Equity Firm
Founded 1982
PE ASSETS 14.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TJC is a private investment firm that specializes in acquiring North American middle-market businesses operating in basic industries. TJC specifically looks to provide liquidity for shareholders, raise capital for corporate growth and 'create significant equity opportunities for key management'. TJC will consider opportunities valued from $100 million to $2 billion in a wide variety of industries. Sectors of interest include aerospace/defense, automotive, building products, chemicals, consumer products, distribution, energy, financial services, healthcare, industrial products, insurance, metals, packaging, retail, transportation/logistics, and telecom. TJC was formerly known as The Jordan Company. The Firm was formed in 1982 and is based in New York City.


DEAL STATS #
Overall 35 of 91
Sector (Electronics) 1 of 1
Type (Secondary Buyout) 8 of 32
State (Florida) 2 of 5
Country (United States) 33 of 88
Year (2013) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-19 Drew Marine

Whippany, New Jersey, United States

Drew Marine is a global manufacturer and provider of advanced performance chemicals and safety solutions to virtually every sector of the international maritime and offshore markets. Drew Marine has 100 distribution locations in more than 50 countries.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-30 Transcendia

Franklin Park, Illinois, United States

Transcendia, Inc. is a converter and distributor of synthetic films in North America. It provides specialized manufacturing and converting services including liquid and extrusion coating, select sheet extrusion, and a wide-range of precision converting including slitting, sheeting, magnetic striping, security and specialty printing.

Buy -

Seller(S) 1

SELLER

J.F. Lehman & Company

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1992
PE ASSETS 900M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

JF Lehman is a specialist private equity firm that targets investments in the defense, aerospace and maritime industries. JF Lehman looks for lower middle-market company opportunities with established products but that not may not be realizing their full potential. The Firm will only consider control based investment situations. J.F. Lehman was formed in 1992 and has offices in New York, London, and Washington DC.


DEAL STATS #
Overall 16 of 26
Sector (Electronics) 2 of 3
Type (Secondary Buyout) 3 of 6
State (Florida) 2 of 2
Country (United States) 15 of 25
Year (2013) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-19 Drew Marine

Whippany, New Jersey, United States

Drew Marine is a global manufacturer and provider of advanced performance chemicals and safety solutions to virtually every sector of the international maritime and offshore markets. Drew Marine has 100 distribution locations in more than 50 countries.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-20 North Atlantic Ship Repair

Boston, Massachusetts, United States

North Atlantic Ship Repair is a provider of large vessel repair company specializing in repairing military/naval vessels and cruise ships North Atlantic Ship Repair was founded in 1995 and is based in Boston, Massachusetts.

Sell -