TJC Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, TJC has acquired 20 companies. It has also invested in 4 others.

TJC’s most common sectors for investment aremanufacturing (11%) and transportation (11%) . The Firm’s most common investment types include secondary buyout (37%) and buyout (lbo, mbo, mbi) (35%). In total, TJC has invested in 28 US states and 5 different countries. Its largest (disclosed) acquisition occurred in 2023 when it acquired Delrin for $1.8B.

In the last 3 years, TJC has exited 6 companies. The Firm’s most common exit type is secondary buyout (47%). 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 Activity151
    • M&A Buy Activity93
    • M&A Sell Activity58
  • Total Sectors Invested 32
  • Total Countries Invested 5
  • M&A Buy/Sell Connections 50
  • M&A Advisors 23

TJC

TJC L.P.

399 Park Avenue, 30th Floor,
New York, New York 10022
United States
(212) 572-0800
www.tjclp.com
uude@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 (6.0/yr) # 63 6 10 6 4 4 93
vol $3.1B $650M $2.5B $2.5B $8.8B
Sell (2.2/yr) # 47 5 3 1 2 - 58
vol $16.1B $16.1B
  151

Most Recent M&A

Company Date Value Type
Usalco LLC 2024-08-05 - Secondary Buyout
Baltimore, Maryland · www.usalco.com
Insulation Technology Group 2024-07-02 - Secondary Buyout
Frankfurt, Germany · www.insulationtg.com
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 · globaltransportsolutions.com
L3Harris’ Commercial Aviation Solutions (CAS) 2023-11-27 700M USD Divestiture
Melbourne, Florida
VT Services, Inc. 2023-09-19 - Secondary Sale
Chantilly, Virginia · www.vtgdefense.com
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
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
PSC Group 2024-04-04 Delta Petroleum Co., Inc. 2024-08-01 1
Baton Rouge, Louisiana · www.pscgroup.com Saint Rose, Louisiana · www.deltacogroup.com
Arclin, Inc. 2021-08-16 RG Dispersants 2024-07-01 2
Alpharetta, Georgia · www.arclin.com Candiac, Quebec · www.rgdispersants.com
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

M&A by Sector

Sector Current # Value All-time # Value
Transportation 5 (11%) 2.5B (36%) 10 (11%) 3.0B (34%)
Manufacturing 3 (7%) 1.4B (20%) 10 (11%) 1.4B (16%)
Electrical Equipment 5 (11%) 600M (9%) 8 (9%) 600M (7%)
Chemicals 3 (7%) - 8 (9%) -
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 (26%) 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 1 (2%) - 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 1 (2%) - 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 $7.0B 93 $8.8B

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 42 (95%) 7.0B (100%) 89 (96%) 8.8B (100%)
  Illinois 6 (14%) 2.5B (36%) 10 (11%) 2.5B (28%)
  California 4 (9%) - 8 (9%) -
  Texas 3 (7%) - 7 (8%) -
  North Carolina 4 (9%) - 6 (6%) 650M (7%)
  Ohio 1 (2%) - 6 (6%) 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 (26%) 4 (4%) 1.8B (20%)
  New York 2 (5%) 600M (9%) 4 (4%) 600M (7%)
  Missouri 2 (5%) - 4 (4%) -
  Louisiana 1 (2%) - 3 (3%) 500M (6%)
  Connecticut 1 (2%) - 3 (3%) -
  New Jersey 1 (2%) - 3 (3%) -
  Indiana 1 (2%) - 2 (2%) -
  Arizona - - 2 (2%) -
  Oklahoma 1 (2%) 750M (11%) 1 (1%) 750M (9%)
  Wisconsin 1 (2%) - 1 (1%) -
  Tennessee 1 (2%) - 1 (1%) -
  Oregon 1 (2%) - 1 (1%) -
  Maryland 1 (2%) - 1 (1%) -
  Virginia - - 1 (1%) 99M (1%)
  Colorado - - 1 (1%) -
  Washington - - 1 (1%) -
  Mississippi - - 1 (1%) -
  Massachusetts - - 1 (1%) -
  Kentucky - - 1 (1%) -
  Kansas - - 1 (1%) -
Germany 1 (2%) - 1 (1%) -
Netherlands 1 (2%) - 1 (1%) -
China - - 1 (1%) -
Bermuda - - 1 (1%) -
Domestic 42 (95%) 7.0B (100%) 89 (96%) 8.8B (100%)
Cross-border 2 (5%) - 4 (4%) -
Total 44 $7.0B 93 $8.8B

Acquisitions by Deal Type

Type Current # Value All-time # Value
Secondary Buyout 22 (50%) 600M (9%) 34 (37%) 600M (7%)
Buyout (LBO, MBO, MBI) 6 (14%) - 32 (34%) 1.1B (13%)
Divestiture 5 (11%) 3.9B (56%) 9 (10%) 4.0B (49%)
Growth Capital 4 (9%) - 6 (6%) -
Recapitalization 2 (5%) 1.2B (17%) 4 (4%) 1.2B (15%)
Stake Purchase 2 (5%) - 4 (4%) -
Going Private 2 (5%) 1.3B (19%) 2 (2%) 1.3B (16%)
Consolidation 1 (2%) - 2 (2%) -
Total 44 $7.0B 93 $8.2B

Exits by Deal Type

Type Total # Value
Secondary Sale 26 (45%) 6.8B (43%)
Trade Sale - Public Company 16 (28%) 6.6B (42%)
Trade Sale 8 (14%) 2.2B (14%)
Bankruptcy 2 (3%) -
IPO 2 (3%) -
Merger 2 (3%) -
1 (2%) -
Stake Sale 1 (2%) -
Total 58 $15.6B

Top M&A Advisors

Financial Deals
Citi
 3
Baird
 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)
40%
37 (40%)
Strategic(s)
10%
9 (10%)
Exited to
Investor(s)
47%
27 (47%)
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

Chairman & CEO

Christina Murray

Partner

Doug Zych

Partner

John Straus

Partner

Mark Burggraaff

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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