M&A Deal Summary

Convergent Capital Partners and TJM Capital Partners Acquire Poblocki

On December 1, 2014, growth capital firm Convergent Capital Partners and private equity firm TJM Capital Partners acquired business services company Poblocki

Acquisition Highlights
  • This is Convergent Capital Partners’ 10th and TJM Capital Partners’ 1st transaction in the Business Services sector.
  • This is Convergent Capital Partners’ 54th and TJM Capital Partners’ 1st transaction in the United States.
  • This is Convergent Capital Partners’ 3rd and TJM Capital Partners’ 1st transaction in Wisconsin.

M&A Deal Summary

Date 2014-12-01
Target Poblocki
Sector Business Services
Buyer(s) Convergent Capital Partners
TJM Capital Partners
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Livingstone Partners (Financial)

Target

Poblocki

Milwaukee, Wisconsin, United States
Poblocki is a manufacturer of exterior and interior architectural signage, specialty displays and custom fabricated projects. Poblocki was founded in 1932 and is based in Milwaukee, Wisconsin.

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Buyer(S) 2

DESCRIPTION

Convergent Capital is a private investment firm that provides growth and debenture financing to late-stage growth companies. Convergent prefers to commit $3 to $12 million per transaction in businesses with at least $10 million in revenues. Convergent is a generalist investor and will consider businesses in a wide range of industries. Investment funds are typically used to assist growth, but the firm can also structure investments around buyouts, recapitalizations, consolidations, and add-on acquisitions. Convergent is licensed as a SBIC. Convergent Capital was formed in 1999 and is based in Minneapolis, Minnesota.


DEAL STATS #
Overall 54 of 62
Sector (Business Services) 10 of 11
Type (Buyout (LBO, MBO, MBI)) 23 of 25
State (Wisconsin) 3 of 3
Country (United States) 54 of 62
Year (2014) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-01 Tavant

Santa Clara, California, United States

Tavant is a provider of enterprise software services and solutions company that employs and customizes cutting-edge and emerging technologies for its blue-chip customer base. Tavant was founded in 2000 and is based in Santa Clara, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-01 Innovative Labs

Springville, Utah, United States

Innovative Labs is a developer, formulator, and provider of single serve and multi-dose ingestible health and wellness products for brands and direct sales companies. IFP provides highly differentiated formulating, blending, filling, distribution, and other critical services for small-format nutritional supplements, food items, household products, and other consumer packaged goods. Innovative Labs was founded in 2006 and is based in Springville, Utah.

Buy -
DESCRIPTION

TJM Capital Partners is a private equity firm focused on middle-market companies in the energy, agribusiness, senior living, water treatment, and manufacturing sectors. TJM Capital Partners was formed in 2008 and is based in Chicago, Illinois.


DEAL STATS #
Overall 1 of 3
Sector (Business Services) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 1 of 1
State (Wisconsin) 1 of 1
Country (United States) 1 of 3
Year (2014) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-16 PCI

Riverside, California, United States

PCI designs and manufactures ruggedized, on-site liquid and gaseous oxygen and nitrogen generating systems for the global defense and petroleum markets. The Company's portable products provide logistical solutions and replace the need to transport bulky and potentially hazardous cylinders. PCI was formed in 1984 and is based in Riverside, California.

Buy -