M&A Deal Summary

TJC Acquires Odyssey Logistics

On August 30, 2017, private equity firm TJC acquired transportation company Odyssey Logistics from Trident Capital and Boston Millennia Partners

Acquisition Highlights
  • This is TJC’s 5th transaction in the Transportation sector.
  • This is TJC’s 47th transaction in the United States.
  • This is TJC’s 3rd transaction in Connecticut.

M&A Deal Summary

Date 2017-08-30
Target Odyssey Logistics
Sector Transportation
Buyer(s) TJC
Sellers(s) Trident Capital
Boston Millennia Partners
Deal Type Secondary Buyout
Advisor(s) J.P. Morgan Securities (Financial)

Target

Odyssey Logistics

Danbury, Connecticut, United States
Odyssey Logistics is a provider of multi-modal transportation solutions and outsourced transportation management. Odyssey specializes in shipping chemicals, metals and bulk liquids, and can serve all modes of transportation through operations in North America, Europe and Asia. Odyssey Logistics was formed in 2003 and is based in Danbury, Connecticut.

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Buyer(S) 1

Buyer

TJC

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1982
PE ASSETS 14.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

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.


DEAL STATS #
Overall 49 of 93
Sector (Transportation) 5 of 10
Type (Secondary Buyout) 13 of 34
State (Connecticut) 3 of 3
Country (United States) 47 of 89
Year (2017) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-31 Transcendia

Franklin Park, Illinois, United States

Transcendia, Inc. is a converter and distributor of synthetic films in North America. It provides specialized manufacturing and converting services including liquid and extrusion coating, select sheet extrusion, and a wide-range of precision converting including slitting, sheeting, magnetic striping, security and specialty printing.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-20 Vantage Specialty Chemicals

Chicago, Illinois, United States

Vantage Specialty Chemicals is a specialty chemicals company focused on naturally derived ingredients serving a diverse and growing set of global end markets including personal care, consumer products, industrial and food markets.

Sell -

Seller(S) 2

SELLER

Trident Capital

San Mateo, California, United States

Category Private Equity Firm
Founded 1993
PE ASSETS 1.9B USD
Size Large
Type Sector Focused
DESCRIPTION

Trident Capital was a venture capital firm focused on investments at all company stages, from early and expansion stage investments to buyouts and recapitalizations. Trident focused on investments in tech-enabled sectors, including enterprise software/services, outsourcing and payments, healthcare software/services, internet/consumer, and energy/clean tech. In 2015, Trident ceased investing and the Firm's employees split to form Sunstone Partners, a growth equity firm, and Trident Capital Cybersecurity, a venture firm focused on the cyber security sector.


DEAL STATS #
Overall 80 of 85
Sector (Transportation) 1 of 1
Type (Secondary Buyout) 7 of 8
State (Connecticut) 3 of 3
Country (United States) 75 of 80
Year (2017) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-03 2Checkout

Columbus, Ohio, United States

2Checkout, Inc. is a global payment processor that allows companies to accept online and mobile payments from buyers worldwide with localized payment options. 2Checkout, Inc. was established in 2000 and is headquartered in Columbus, Ohio.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-10 AlienVaut

San Mateo, California, United States

AlienVaut LLC is a global provider of Security Information and Event Management (SIEM) solutions, providing the technology for more than half of all SIEM deployments worldwide. Company founded AlienVault to help organizations of all shapes and sizes achieve world-class security without the headaches and huge expense of other solutions.

Sell -
SELLER
DESCRIPTION

Boston Millenia Partners is a growth capital investment firm focused rapidly growing business services and healthcare companies. The Firm generally looks to invest $3 to $10 million in companies at or near profitability with $3 to $30 million in sales. Boston Millenia's geographic preference is for opportunities in the Eastern half of the US. Boston Millenia Partners was formed in 1984 and has a single office in Boston.


DEAL STATS #
Overall 9 of 15
Sector (Transportation) 1 of 1
Type (Secondary Buyout) 1 of 2
State (Connecticut) 1 of 1
Country (United States) 9 of 15
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-20 Cota

New York, New Jersey, United States

Cota, Inc. is a provider of health care informatics and precision analytics company that builds research-grade, real-world data to exponentially improve outcomes, reduce cost and ensure the right care for the right patient every time. Cota was founded in 2011 and is based in New York City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-16 Bivarus

Durham, North Carolina, United States

Bivarus, Inc. is a provider of a cloud-based, real-time analytics platform to gain meaningful insights into the unique drivers impacting the patient experience, buying behavior and provider performance. Bivarus, Inc. was founded in 2012 and is based in Durham, North Carolina.

Sell -