M&A Deal Summary

The Eastern Acquires Big 3 Precision Products

On September 3, 2019, The Eastern acquired manufacturer Big 3 Precision Products from TVV Capital for 82M USD

Acquisition Highlights
  • This is The Eastern’s 1st transaction in the Manufacturing sector.
  • This is The Eastern’s largest (disclosed) transaction.
  • This is The Eastern’s 3rd transaction in the United States.
  • This is The Eastern’s 2nd transaction in Illinois.

M&A Deal Summary
Date 2019-09-03
Target Big 3 Precision Products
Sector Manufacturing
Buyer(s) The Eastern
Sellers(s) TVV Capital
Deal Type Add-on Acquisition
Deal Value 82M USD

Target

Big 3 Precision Products

Centralia, Illinois, United States
website
Big 3 Precision Products, Inc. is a manufacturer of precision injection blow molds, tooling and metal fabrication products. Big 3 Precision Products was founded in 1970 and is based in Centralia, Illinois.

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Buyer(S) 1

Buyer

The Eastern

Naugatuck, Connecticut, United States

website

Category Company
Founded 1858
Sector Machinery
Employees1,323
Revenue 247M USD (2021)
DESCRIPTION

The Eastern is a manufacturer of industrial hardware, security products and metal castings. The Eastern was founded in 1858 and is based in Naugatuck, Connecticut.

DEAL STATS #
Overall 3 of 3
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 3 of 3
State (Illinois) 2 of 2
Country (United States) 3 of 3
Year (2019) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-04 Velvac

New Berlin, Wisconsin, United States

Velvac, Inc. is a manufacturer and supplier of exterior mirror systems and other component parts for the truck, recreational vehicle and specialty vehicle industries. Velvac offers the industry's broadest line of mirror products. Velvac was formed in 1934 and is based in New Berlin, Wisconsin.

Buy -

Seller(S) 1

SELLER

TVV Capital

Nashville, Tennessee, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1997
Size Small
Type Sector Agnostic
DESCRIPTION

TVV Capital is a private investment firm that looks to acquire and grow profitable, middle-market companies. The Firm has a preference for opportunities located in the Southeast US and looks for businesses operating in recession-resistant industries. TVV targets companies with revenues of $10 to $150 million and valued up to $100 million. The Firm typically partners with management to support buyouts, expansion capital financings, and recapitalizations. TVV Capital was formed in 1997 and is based in Nashville, Tennessee.

DEAL STATS #
Overall 6 of 6
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Illinois) 1 of 1
Country (United States) 6 of 6
Year (2019) 2 of 2
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-09 CSI

Charleston, South Carolina, United States

CSI is a supplier of land mine and improvised explosive device detection vehicles, systems and support services to U.S. and foreign military forces.

Sell -
Mergr

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