M&A Deal Summary

The Jordan Company Acquires ARCH Global

On April 1, 2019, private equity firm The Jordan Company acquired manufacturer ARCH Global from Aldine Capital Partners, Strength Capital Partners and Patriot Capital

Acquisition Highlights
  • This is The Jordan Company’s 9th transaction in the Manufacturing sector.
  • This is The Jordan Company’s 55th transaction in the United States.
  • This is The Jordan Company’s 2nd transaction in Michigan.

M&A Deal Summary

Date 2019-04-01
Target ARCH Global
Sector Manufacturing
Buyer(s) The Jordan Company
Sellers(s) Aldine Capital Partners
Strength Capital Partners
Patriot Capital
Deal Type Secondary Buyout
Advisor(s) Lincoln International (Financial)
Jaffe Raitt Heuer & Weiss PC (Legal)

Target

ARCH Global

Livonia, Michigan, United States
website
ARCH Global is a manufacturer of consumable cutting tools, medical instruments and implants and precision components. ARCH’s products serve a diverse set of large and growing end markets, including general industrial, medical, transportation and aerospace and defense. ARCH Global was formed in 2011 and is based in Livonia, Michigan.

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Buyer(S) 1

Buyer

The Jordan Company

New York, New York, United States

website


Category Private Equity Firm
Founded 1982
PE ASSETS 11.0B USD
SizeMega
Type Sector Agnostic
DESCRIPTION

The Jordan Company (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. The Jordan Company was formed in 1982 and operates from offices in New York City and Chicago.


DEAL STATS #
Overall 57 of 75
Sector (Manufacturing) 9 of 9
Type (Secondary Buyout) 18 of 27
State (Michigan) 2 of 3
Country (United States) 55 of 73
Year (2019) 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-18 Sabre Industries

Alvarado, Texas, United States

Sabre Industries is a producer of highly engineered products used for electric transmission and distribution and wireless telecommunications, offering a complete customer solution with a full range of engineered towers, poles, structures, and related services. The Company's vast array of product offerings, services, and extensive manufacturing capabilities has allowed Sabre to develop leading positions with a high-quality, diversified group of customers including the nation's largest utilities and wireless communications firms.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-03 GlobalTranz

Scottsdale, Arizona, United States

GlobalTranz is a technology-driven freight brokerage company specializing in LTL, full truckload, third-party logistics, and expedited shipping services. GlobalTranz optimizes the efficiency of freight movement and matches shipper demand and carrier capacity in near real-time. Leveraging its extensive freight agent network, GlobalTranz has emerged as a fast-growing market leader with a customer base of over 25,000 shippers. In 2018, Transport Topics ranked GlobalTranz as the 10th largest freight brokerage firm in the U.S. GlobalTranz was founded in 2003 and is based in Scottsdale, Arizona.

Sell -

Seller(S) 3

SELLER

Aldine Capital Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

website


Category Mezzanine Finance Firm
Founded 2005
SizeSmall
Type Sector Agnostic
DESCRIPTION

Aldine Capital Partners is a mezzanine investment firm that provides mezzanine and junior capital financing to lower middle-market companies generating sales of at least $10 million and at least $2 million in EBITDA. Aldine invests in the range of $2 to $15 million per transaction. Types of transactions include management buyouts, acquisition financings, shareholder liquidity events, recapitalizations, and growth financings of smaller middle-market companies. Aldine will consider investments across the United States, but has a primary focus on opportunities in the Midwest. The Firm will not consider investments in start-ups, turnarounds, real estate, insurance, banking, and oil/gas. Aldine Capital was formed in 2005 and is based in Chicago, Illinois.


DEAL STATS #
Overall 16 of 20
Sector (Manufacturing) 1 of 3
Type (Secondary Buyout) 5 of 7
State (Michigan) 1 of 2
Country (United States) 16 of 20
Year (2019) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-07 Corvette America

Reedsville, Pennsylvania, United States

Corvette America, Inc. is a manufacturer of automotive parts and accessories in the US. Corvette America was founded in 1977 and is based in Reedsville, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-24 H3

Champaign, Illinois, United States

H3 is comprised of Hi-Grade Welding and Manufacturing and HL Precision Manufacturing. H3 is a manufacturer specializing in complex, custom weldments and sheet metal fabrication serving the medical, power, and transportation industries. H3 was founded in 2019 and is based in Champaign, Illinois.

Buy -
SELLER

Strength Capital Partners

Birmingham, Michigan, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2000
PE ASSETS 450M USD
SizeMiddle-Market
Type Sector Agnostic
DESCRIPTION

Strength Capital Partners (SCP) is a private equity firm that specializes in acquiring or providing late stage growth capital to Midwest US based companies. Areas of interest include the manufacturing, distribution, industrial, financial services, infrastructure, and consumer products sectors. The Firm takes a hands-on investment approach, looking to use firm resources and expertise to improve operational performance. SCP will not invest in high technology or internet businesses. Strength Capital Partners has offices in Birmingham, Michigan and Cincinnati, Ohio.


DEAL STATS #
Overall 7 of 9
Sector (Manufacturing) 1 of 1
Type (Secondary Buyout) 3 of 4
State (Michigan) 4 of 4
Country (United States) 7 of 9
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-13 Esp Associates

Fort Mill, California, United States

Esp Associates is a multi-discipline professional services firm providing engineering, surveying, and planning services to a variety of public and private clients. ESP’s services cover a wide variety of end markets including transportation, public safety, land development, and energy. Esp Associates was founded in 1986 and is based in Fort Mill, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-20 CALco

Richmond, Illinois, United States

CALco is a vertically integrated, full-service wooden pallet manufacturer selling both new and recycled pallets to a diverse customer base throughout the Midwest. It operations include a captive hardwood sawmill and landscape mulching capabilities to monetize scrap and unusable pallets. CALco was founded in 2006 and is based in Richmond, Illinois.

Buy -
SELLER

Patriot Capital

Baltimore, Maryland, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
SizeLarge
Type Sector Agnostic
DESCRIPTION

Patriot Capital is a private investment firm that provides equity and junior capital to support acquisitions, growth capital financings, management buyouts, and recapitalizations of middle-market companies. The Firm looks to invest $3 to $20 million in businesses generating revenues of $10 to $200 million. Areas of interest include business and consumer services, consumer products, niche manufacturing and distribution, education, e-commerce, application software, transportation, and telecom services. Patriot focuses its investment activity with the Mid-Atlantic, Midwest, and Southern areas of the US. Patriot Capital is based in Baltimore, Maryland.


DEAL STATS #
Overall 34 of 43
Sector (Manufacturing) 3 of 3
Type (Secondary Buyout) 4 of 6
State (Michigan) 2 of 3
Country (United States) 34 of 43
Year (2019) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-03 Orion Talent

Cary, North Carolina, United States

Orion Talent provides skilled talent acquisition, recruitment optimization, and military hiring to businesses nationwide. Orion Talent helps organizations acquire the best talent from around the world. Orion ICS was founded in 1991 and is based in Cary, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-01 Express Packaging

Columbus, Ohio, United States

Express Packaging, Inc. is a provider of outsourced contract packaging and contract manufacturing services to global consumer brands. Express Packaging was founded in 1985 and is based in Columbus, Ohio.

Sell -