TJC Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, TJC has acquired 18 companies. It has also invested in 4 others.

TJC’s most common sectors for investment aretransportation (11%) and manufacturing (11%) . The Firm’s most common investment types include buyout (lbo, mbo, mbi) (36%) and secondary buyout (36%). In total, TJC has invested in 27 US states and 4 different countries. Its largest (disclosed) acquisition occurred in 2023 when it acquired Delrin for $1.8B.

In the last 3 years, TJC has exited 5 companies. The Firm’s most common exit type is secondary buyout (46%). TJC’s largest (disclosed) exit occurred in 2012 when it sold Cebridge Connections Holdings for $6.6B.

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M&A Summary

  • M&A Total Activity148
    • M&A Buy Activity91
    • M&A Sell Activity57
  • Total Sectors Invested 32
  • Total Countries Invested 4
  • M&A Buy/Sell Connections 50
  • M&A Advisors 21

TJC

TJC, L.P.

399 Park Avenue, 30th Floor,
New York, New York 10022
United States
(212) 572-0800
www.tjclp.com

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.


Investment Criteria

Sectors of Interest: Aerospace, Apparel/Textiles, Automotive, Building Materials, Business Services, Chemicals, Communications, Consumer Products, Consumer Services, Defense, Distribution, Education, Electrical Equipment, Energy Services and Equipment, Engineering, Financial Services, Food, Franchising, Furniture, Healthcare Services, Insurance, Leisure, Life Science, Machinery, Manufacturing, Marine, Medical Products, Metals/Mining, Packaging, Retail, Safety/Security, Test/Measurement Equipment, Transportation

Target Transaction Types: Buyout (LBO, MBO, MBI), Divestiture, Growth Capital, Recapitalization

Geographic Preferences: East US, Midwest US, South US, West US, Canada

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA - -
Investment Size - -
Enterprise Value 100 2,000
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (5.6/yr) # 63 6 10 6 4 2 91
vol $3.1B $650M $2.5B $2.5B $8.8B
Sell (2.0/yr) # 47 5 3 1 1 - 57
vol $16.1B $16.1B
  148

Most Recent M&A

Company Date Value Type
PSC Group 2024-04-04 - Recapitalization
Baton Rouge, Louisiana · www.pscgroup.com
TIDI Products LLC 2024-01-02 - Secondary Buyout
Neenah, Wisconsin · www.tidiproducts.com
Global Transport Solutions 2023-11-27 - Buyout (LBO, MBO, MBI)
Rozenburg, Netherlands · www.globaltransportsolutions.com
L3Harris’ Commercial Aviation Solutions (CAS) 2023-11-27 700M USD Divestiture
Melbourne, Florida
Soteria Flexibles Holdings LLC 2023-09-06 - Secondary Buyout
Carol Stream, Illinois
Delrin 2023-08-21 1.8B USD Divestiture
Midland, Michigan · www.delrin.com
Worldwide Clinical Trials, Inc. 2023-08-07 - Secondary Sale
King of Prussia, Pennsylvania · www.worldwide.com
The Industrial Service Group 2022-12-07 - Secondary Buyout
Indianapolis, Indiana · www.isgservice.com
Ned Stevens Gutter Cleaning & General Contracting, Inc. 2022-11-01 - Secondary Buyout
Fairfield, New Jersey · www.nedstevens.com
Watchfire Technologies, Inc. 2022-07-26 - Secondary Sale
Danville, Illinois · www.watchfiresigns.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
AIT Worldwide Logistics, Inc. 2021-03-17 Lubbers Logistics Group B.V. 2023-11-17 4
Itasca, Illinois · www.aitworldwide.com Schoonebeek, Netherlands · www.lubbers.net
Sunny Sky Products LLC 2021-09-22 LX/JT Holdings, Inc. 2023-11-06 2
Houston, Texas · www.sunnyskyproducts.com Chicago, Illinois · www.bevolutiongroup.com
CFS Brands LLC 2018-02-01 The Foodware Group 2023-10-02 1
Oklahoma City, Oklahoma · www.cfsbrands.com Lodi, New Jersey · www.thefoodwaregroup.com
Sunny Sky Products LLC 2021-09-22 GoodWest Industries, Inc. 2022-10-13 1
Houston, Texas · www.sunnyskyproducts.com Douglassville, Pennsylvania · www.goodwest.com
Precisional LLC 2022-04-13 Seco Manufacturing 2022-04-13 4
Lisle, Illinois · www.precisional.com Redding, California · www.surveying.com
Precisional LLC 2022-04-13 Protempis LLC 2022-04-13 3
Lisle, Illinois · www.precisional.com , United States · www.protempis.com
Precisional LLC 2022-04-13 Loadrite 2022-04-13 2
Lisle, Illinois · www.precisional.com , United States
Precisional LLC 2022-04-13 Spectra Lasers 2022-04-13 1
Lisle, Illinois · www.precisional.com Dayton, Ohio · www.spectralasers.com
AIT Worldwide Logistics, Inc. 2021-03-17 Select Express & Logistics LLC 2021-11-17 3
Itasca, Illinois · www.aitworldwide.com New York, New York · www.selectexp.com
ARCH Global Precision LLC 2019-04-01 Align Precision Corp. 2021-04-19 1
Livonia, Michigan · www.archglobalprecision.com Tempe, Arizona · www.alignprecision.com

M&A by Sector

Sector Current # Value All-time # Value
Transportation 5 (11%) 2.5B (35%) 10 (11%) 3.0B (34%)
Manufacturing 3 (7%) 1.4B (20%) 10 (11%) 1.4B (16%)
Electrical Equipment 4 (9%) 600M (8%) 7 (8%) 600M (7%)
Chemicals 2 (5%) - 7 (8%) -
Automotive 1 (2%) - 5 (5%) -
Medical Products 3 (7%) - 5 (5%) -
Information Technology 4 (9%) - 4 (4%) -
Packaging 3 (7%) - 4 (4%) -
Plastics 2 (5%) 1.8B (25%) 3 (3%) 1.8B (20%)
Distribution 1 (2%) - 3 (3%) -
Healthcare Services 1 (2%) - 3 (3%) -
Aerospace 1 (2%) 700M (10%) 2 (2%) 1.3B (14%)
Test/Measurement Equipment 1 (2%) - 2 (2%) 650M (7%)
Defense 2 (5%) 99M (1%) 2 (2%) 99M (1%)
Building Materials - - 2 (2%) -
Business Services 1 (2%) - 2 (2%) -
Consumer Products 2 (5%) - 2 (2%) -
Energy Services and Equipment - - 2 (2%) -
Internet Software and Services 2 (5%) - 2 (2%) -
Life Science 1 (2%) - 2 (2%) -
Apparel/Textiles - - 1 (1%) -
Beverages 1 (2%) - 1 (1%) -
Communications - - 1 (1%) -
Consumer Services 1 (2%) - 1 (1%) -
Electronics 1 (2%) - 1 (1%) -
Infrastructure - - 1 (1%) -
Insurance - - 1 (1%) -
Machinery - - 1 (1%) -
Marketing 1 (2%) - 1 (1%) -
Oil/Gas Exploration - - 1 (1%) -
Restaurants 1 (2%) - 1 (1%) -
Retail - - 1 (1%) -
Total 44 $7.1B 91 $8.8B

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 43 (98%) 7.1B (100%) 88 (97%) 8.8B (100%)
  Illinois 6 (14%) 2.5B (35%) 10 (11%) 2.5B (28%)
  California 5 (11%) - 9 (10%) -
  North Carolina 4 (9%) - 6 (7%) 650M (7%)
  Texas 2 (5%) - 6 (7%) -
  Ohio 1 (2%) - 6 (7%) 550M (6%)
  Florida 3 (7%) 700M (10%) 5 (5%) 700M (8%)
  Georgia 3 (7%) - 5 (5%) -
  Pennsylvania 2 (5%) 650M (9%) 5 (5%) 650M (7%)
  Michigan 3 (7%) 1.8B (25%) 4 (4%) 1.8B (20%)
  New York 2 (5%) 600M (8%) 4 (4%) 600M (7%)
  Missouri 2 (5%) - 4 (4%) -
  Louisiana 1 (2%) - 3 (3%) 500M (6%)
  New Jersey 1 (2%) - 3 (3%) -
  Connecticut 1 (2%) - 3 (3%) -
  Indiana 1 (2%) - 2 (2%) -
  Arizona 1 (2%) - 2 (2%) -
  Oklahoma 1 (2%) 750M (11%) 1 (1%) 750M (9%)
  Virginia 1 (2%) 99M (1%) 1 (1%) 99M (1%)
  Wisconsin 1 (2%) - 1 (1%) -
  Tennessee 1 (2%) - 1 (1%) -
  Oregon 1 (2%) - 1 (1%) -
  Washington - - 1 (1%) -
  Mississippi - - 1 (1%) -
  Massachusetts - - 1 (1%) -
  Kentucky - - 1 (1%) -
  Kansas - - 1 (1%) -
  Colorado - - 1 (1%) -
Netherlands 1 (2%) - 1 (1%) -
China - - 1 (1%) -
Bermuda - - 1 (1%) -
Domestic 43 (98%) 7.1B (100%) 88 (97%) 8.8B (100%)
Cross-border 1 (2%) - 3 (3%) -
Total 44 $7.1B 91 $8.8B

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 6 (14%) - 32 (35%) 1.1B (13%)
Secondary Buyout 20 (45%) 600M (8%) 32 (35%) 600M (7%)
Divestiture 6 (14%) 4.0B (56%) 9 (10%) 4.0B (49%)
Growth Capital 4 (9%) - 6 (7%) -
Recapitalization 2 (5%) 1.2B (17%) 4 (4%) 1.2B (15%)
Stake Purchase 3 (7%) - 4 (4%) -
Going Private 2 (5%) 1.3B (18%) 2 (2%) 1.3B (16%)
Consolidation 1 (2%) - 2 (2%) -
Total 44 $7.1B 91 $8.2B

Exits by Deal Type

Type Total # Value
Secondary Sale 25 (44%) 6.8B (43%)
Trade Sale - Public Company 16 (28%) 6.6B (42%)
Trade Sale 8 (14%) 2.2B (14%)
Bankruptcy 2 (4%) -
IPO 2 (4%) -
Merger 2 (4%) -
1 (2%) -
Stake Sale 1 (2%) -
Total 57 $15.6B

Top M&A Advisors

Financial Deals
Citigroup Investment Banking
 3
Robert W. Baird & Co., Inc.
 2
Barclays Investment Bank
 2
Legal Deals
Kirkland & Ellis
 16
Mayer Brown
 7
Winston & Strawn
 3

Deal Values

buy # Total
> $1B 3 $4.3B
$100M to $1B 7 $4.4B
< $100M 1 $99M
TOTAL $8.8B
Largest Delrin
$1.8B (2023-08-21)
sell # Total
> $1B 4 $13.3B
$100M to $1B 7 $2.7B
< $100M 1 $55M
TOTAL $16.1B
Largest Cebridge Connections Holdings LLC
$6.6B (2012-07-19)

M&A Connections

Deals
Acquired from
Investor(s)
38%
35 (38%)
Strategic(s)
10%
9 (10%)
Exited to
Investor(s)
46%
26 (46%)
Strategic(s)
40%
23 (40%)

Investor Summary

Investor Type

Private Equity Firm

Size

Mega

PE Assets

14.0B USD

Established

1982

Specialist/Generalist

Generalist

Leadership

Rich Caputo

Chief Executive Partner

Brad Wilford

Partner

Brian Higgins

Partner

Dan Williams

Partner

Dave Butler

Partner

FAQ

When was TJC founded?

TJC was founded in 1982.

What type of investor is TJC?

TJC is a private equity firm.

Where is TJC headquartered?

TJC is headquartered in New York, New York.

How much capital does TJC have under management?

TJC has 14.0B USD under management.

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