M&A Deal Summary

Timepiece Capital and Gemini Investors Acquire TGC Components

On January 1, 2012, private equity firms Timepiece Capital and Gemini Investors acquired automotive company TGC Components

Acquisition Highlights
  • This is Timepiece Capital’s 1st and Gemini Investors’ 1st transaction in the Automotive sector.
  • This is Timepiece Capital’s 8th and Gemini Investors’ 40th transaction in the United States.
  • This is Timepiece Capital’s 1st and Gemini Investors’ 3rd transaction in Colorado.
Investment Fate
  • TGC Components was sold to a strategic buyer in 2015.

M&A Deal Summary

Date 2012-01-01
Target TGC Components
Sector Automotive
Buyer(s) Timepiece Capital
Gemini Investors
Deal Type Buyout (LBO, MBO, MBI)

Target

TGC Components

Grand Junction, Colorado, United States
Colorado Components is a manufacturer and distributor of aftermarket wheels, tires and wheel accessories for the powersports and golf cart markets.

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Buyer(S) 2

Buyer

Timepiece Capital

Phoenix, Arizona, United States

Investor


Category Private Equity Firm
Founded 2004
Size Small
Type Sector Agnostic
DESCRIPTION

Timepiece Capital is a private investment firm that targets smaller company investments across the niche distribution, manufacturing, and service industries. Timepiece looks for businesses with $5 to $50 million of annual revenue and at least $1.25 million of operating cash flow. Timepiece will not invest in restaurants, real estate opportunities, or companies with a significant degree of technology risk. Timepiece Capital was formed in 2004 and is based in Scottsdale, Arizona.


DEAL STATS #
Overall 8 of 10
Sector: Automotive M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 6 of 7
State: Colorado M&A 1 of 1
Country: United States M&A 8 of 10
Year: 2012 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-03-01 Wake Research Associates

Raliegh, North Carolina, United States

Wake Research Associates LLC is a provider of clinical trial services to the pharmaceutical industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-01 Vanderveer Industrial Plastics

Placentia, California, United States

Vanderveer Industrial Plastics is a fabricator and distributor of thermoplastics and specialty plastic laminates serving a variety of industrial applications. Vanderveer Industrial Plastics was founded in 1951 and is based in Placentia, California.

Buy -
Buyer

Gemini Investors

Wellesley, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1993
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Gemini Investors is a middle-market private equity firm that targets investments in growing and established businesses. Areas of interest include technology, business services, consumer services, healthcare, education, manufacturing and distribution. Gemini looks for companies with $5 to $50 million in annual revenue and typically makes investments of $3 to $8 million in the form of preferred stock and/or subordinated debt. Prospective transaction types include growth capital, recapitalization and buyout situations. Gemini Investors was formed in 1993 and is based in Wellesley, Massachusetts.


DEAL STATS #
Overall 40 of 129
Sector: Automotive M&A 1 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 21 of 54
State: Colorado M&A 3 of 4
Country: United States M&A 40 of 129
Year: 2012 M&A 1 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-26 Jersey Precast

Hamilton Township, New Jersey, United States

Jersey Precast is a manufacturer of precast concrete and structural steel products. Significant products include major structural forms for roads, bridges, buildings, and water and sewer systems. Jersey Precast was founded in 1980 and is based in Hamilton Township, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-01 Garbanzo Mediterranean Grill

Centennial, Colorado, United States

Garbanzo Mediterranean Grill is a fast-casual mediterranean restaurant in America. Garbanzo is making fresh mediterranean cuisine a mainstream favorite across the United States. Every order is customized to the guest's liking, with choices from top-quality meats and plant-based proteins to authentic laffa wraps and perfect, pillowy pitas baked in-house throughout the day. Garbanzo Mediterranean Grill was founded in 2007 and is based in Centennial, Colorado.

Buy -