M&A Deal Summary

TJC Acquires Specialty Building Products

On December 21, 2020, private equity firm TJC acquired distribution company Specialty Building Products from Madison Dearborn Partners

Acquisition Highlights
  • This is TJC’s 3rd transaction in the Distribution sector.
  • This is TJC’s 67th transaction in the United States.
  • This is TJC’s 4th transaction in Georgia.

M&A Deal Summary
Date 2020-12-21
Target Specialty Building Products
Sector Distribution
Buyer(s) TJC
Sellers(s) Madison Dearborn Partners
Deal Type Secondary Buyout
Advisor(s) BofA Securities
RBC Capital Markets (Financial)
Kirkland & Ellis (Legal)

Target

Specialty Building Products

Duluth, Georgia, United States
website
Specialty Building Products is a distributor of specialty residential building products and provider of critical logistics solutions for the complex building products supply chain. SBP has entrenched market positions across high-growth product categories including exterior siding and trim, composite decking and railing, moulding and millwork, interior finish and engineered wood. Specialty Building Products is based in Duluth, Georgia.

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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 69 of 91
Sector (Distribution) 3 of 3
Type (Secondary Buyout) 24 of 32
State (Georgia) 4 of 5
Country (United States) 67 of 88
Year (2020) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-15 Spectrio

Oldsmar, Florida, United States

Spectrio is a provider of technology-enabled, customer engagement, and content management solutions, including digital signage, interactive kiosks, on-hold marketing, on-premise messaging & music, and Wi-Fi marketing. Spectrio's subscription-based model is underpinned by a large, proprietary content library including 10,000+ templates and 100,000+ pieces of customized, vertical-specific content delivered through a proprietary, cloud-based content management software platform that enables scalable, efficient deployment of brand-compliant content for its large, diverse, and location-based clients. Spectrio was founded in 2002 and is based in Oldsmar, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-17 AIT Worldwide Logistics

Itasca, Illinois, United States

AIT Worldwide Logistics is a global freight forwarder that helps its customers grow by expanding access to markets all over the world where they can sell and/or procure raw materials, components, and finished goods. AIT Worldwide Logistics was founded in 1979 and is based in Itasca, Illinois.

Buy $1.2B

Seller(S) 1

SELLER

Madison Dearborn Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1992
PE ASSETS 28.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Madison Dearborn Partners (MDP) is a large private equity firm that targets buyouts of private or publicly held companies, divestitures of larger companies, recapitalizations of family-owned or closely-held companies, acquisition-oriented financings, and financings to fund internal growth. MDP's target investment size is $100 to $600 million in buyout oriented transactions and $100 to $400 million in growth capital commitments. Areas of interest include basic industries (natural resources, chemicals, energy and power, automotive, building products, food, metals and mining, refining, paper, packaging and forest products, and general manufacturing), as well as communications, consumer products/services, financial services, and healthcare. Madison Dearborn Partners was formed in 1992 and is based in Chicago, Illinois.

DEAL STATS #
Overall 65 of 70
Sector (Distribution) 2 of 2
Type (Secondary Buyout) 11 of 13
State (Georgia) 5 of 6
Country (United States) 58 of 62
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-21 Fastwyre Broadband

Sulphur, Louisiana, United States

Fastwyre Broadband provides broadband services for Rural America. Its operating telcos provide phone access lines, video and broadband service to customers in rural communities in Nebraska, Missouri, Alaska, Louisiana, and Texas. The Company's operating brands include American Broadband, Cameron Communications, and TelAlaska. Fastwyre Broadband is based in Sulphur, Louisiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-19 Align Precision

Tempe, Arizona, United States

Align Precision is a producer of precision-machined components for manufacturers in the aerospace and defense, transformative technologies, and industrial markets. Align Precision pursues a customer-centric growth strategy focused on investing in its capabilities, capacity, and people to provide best-in-class service to customers in its specific end markets.

Buy -
Mergr

Product

Company

Legal