M&A Deal Summary

Alvarez & Marsal Capital Partners Acquires VTG

On September 19, 2023, private equity firm Alvarez & Marsal Capital Partners acquired defense company VTG from TJC

Acquisition Highlights
  • This is Alvarez & Marsal Capital Partners’ 1st transaction in the Defense sector.
  • This is Alvarez & Marsal Capital Partners’ 20th transaction in the United States.
  • This is Alvarez & Marsal Capital Partners’ 1st transaction in Virginia.

M&A Deal Summary

Date 2023-09-19
Target VTG
Sector Defense
Buyer(s) Alvarez & Marsal Capital Partners
Sellers(s) TJC
Deal Type Secondary Buyout
Advisor(s) Citizens Capital Markets (Financial)
Mayer Brown (Legal)

Target

VTG

Chantilly, Virginia, United States
VTG is a provider of engineering and logistics services primarily in support of platform sustainment initiatives and operational readiness for the U.S. Department of Defense and other government agencies. VTG was founded in 2005 and is based in Arlington, Virginia.

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Buyer(S) 1

Buyer
DESCRIPTION

Alvarez & Marsal Capital Partners (A&M Capital) is a private equity investment firm affiliated with financial advisory and due diligence provider Alvarez & Marsal. A&M Capital looks to invest $20 to $75 million in North American and Western European companies valued up to $750 million. The Firm looks for control situations where it can leverage its operational expertise. Sectors of interest include general industrial/manufacturing, consumer, retail, healthcare, business services, transportation, and energy. Alvarez & Marsal Capital Partners was established in 2011 and is based in Greenwich, Connecticut.


DEAL STATS #
Overall 24 of 26
Sector (Defense) 1 of 1
Type (Secondary Buyout) 10 of 11
State (Virginia) 1 of 1
Country (United States) 20 of 20
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-01 WHC Energy Services

Broussard, Louisiana, United States

WHC Energy Services is a privately held general contractor involved in providing construction services for pipeline and related facilities to the oil and gas market. WHC Energy Services was founded in 1957 and is based in Broussard, Louisiana.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-09 GBUK Group

Yorkshire, United Kingdom

GBUK Group is a provider of medical consumables for the enteral & critical care market. GBUK Group is based in Yorkshire, United Kingdom.

Buy -

Seller(S) 1

SELLER

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 58 of 58
Sector (Defense) 1 of 1
Type (Secondary Buyout) 29 of 29
State (Virginia) 2 of 2
Country (United States) 56 of 56
Year (2023) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-06 Soteria Flexibles

Carol Stream, Illinois, United States

Soteria Flexibles is a manufacturer of flexible plastic packaging. Soteria Flexibles primarily serves the healthcare, janitorial supply, commercial/industrial, and foodservice end-markets. Soteria Flexibles focuses on specialized containment products where specifications (such as dimensions, color, strength, and printing) are tailored to fit a certain application. Soteria Flexibles is based in Carol Stream, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-27 Global Transport Solutions

Rozenburg, Netherlands

Global Transport Solutions is a provider of comprehensive supply chain and forwarding solutions to the maritime industry and other time-critical verticals. Global Transport Solutions is based in Rozenburg, Netherlands.

Buy -