M&A Deal Summary

Grovecourt Capital Partners, Energy Impact Partners and Northwood Ventures Acquire TMC

On August 28, 2023, private equity firms Grovecourt Capital Partners, Energy Impact Partners and Northwood Ventures acquired engineering company TMC

Acquisition Highlights
  • This is Grovecourt Capital Partners’ 1st, Energy Impact Partners’ 1st and Northwood Ventures’ 1st transaction in the Engineering sector.
  • This is Grovecourt Capital Partners’ 2nd, Energy Impact Partners’ 6th and Northwood Ventures’ 65th transaction in the United States.
  • This is Grovecourt Capital Partners’ 2nd, Energy Impact Partners’ 1st and Northwood Ventures’ 4th transaction in Florida.

M&A Deal Summary
Date 2023-08-28
Target TMC
Sector Engineering
Buyer(s) Grovecourt Capital Partners
Energy Impact Partners
Northwood Ventures
Deal Type Buyout (LBO, MBO, MBI)

Target

TMC

Orlando, Florida, United States
TMC is an engineering company specializing in transportation planning and traffic engineering. TMC serves private clients and governmental agencies at the local, county, and state levels. TMC was founded in 2012 and is based in Orlando, Florida.

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Buyer(S) 3

Buyer

Grovecourt Capital Partners

Category Private Equity Firm
Founded 2022
Size Small
Type Sector Agnostic
DESCRIPTION

Govecourt Capital Partners is a private equity firm focused on long-term, lower-middle market investments. The Firm looks to partner with founders and management teams and seeks growing companies in the business services, communications, healthcare, and industrials sectors. Grovecourt Capital Partners is headquartered in Palm Beach, Florida.

DEAL STATS #
Overall 2 of 2
Sector (Engineering) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 2 of 2
State (Florida) 2 of 2
Country (United States) 2 of 2
Year (2023) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-12 Premier Radiology Services

Miami, Florida, United States

Premier Radiology Services is a provider of teleradiology services offering 24/7 coverage across a range of modalities and sub-specialties. With a network of about 100 radiologists, Premier interprets approximately 2 million medical images per year for a wide range of customers, serving the needs of mobile imaging providers, occupational health centers, urgent care providers, and outpatient clinics. Premier Radiology Services was founded in 2006 and is based in Miami, Florida.

Buy -
Buyer

Energy Impact Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2014
PE ASSETS 3.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Energy Impact Partners is an investment firm focused on the conversion of the energy industry towards a decarbonized, decentralized, digitized and electrified future. Energy Impact Partners was formed in 2014 and is headquartered in New York City.

DEAL STATS #
Overall 6 of 8
Sector (Engineering) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 1 of 2
State (Florida) 1 of 1
Country (United States) 6 of 7
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-14 Powin

Tualatin, Oregon, United States

Powin is a provider in the design and manufacture of safe and scalable energy storage solutions. Our innovative and cost-effective hardware and software are revolutionizing the way energy is generated, transmitted, and distributed, helping the world achieve decarbonization objectives. Powin was founded in 1989 and is based in Tualatin, Oregon.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-11 Message Broadcast

Newport Beach, California, United States

Message Broadcast is a provider of customer engagement software for electric utilities and other highly regulated industry sectors. The company helps shape customers' experiences through its omnichannel communication platform. Its software solutions drive increased customer satisfaction, operational efficiency, self-service, and conversion across several communication channels and critical use cases, including power outages, payments, and energy efficiency. Message Broadcast is based in Newport Beach, California.

Buy -
Buyer

Northwood Ventures

Syosset, New York, United States

Investor Investor Investor

Category Private Equity Firm
Founded 1983
PE ASSETS 100M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Northwood Ventures is a private investment firm that invests at all stages of company development, including venture, buyout, consolidation, growth, recapitalization, and turnaround situations. Northwood prefers opportunities located within the US and will consider both minority and control situations. Northwood's typical investment ranges from $5 to $15 million. Target sectors include telecommunications, manufacturing, retailing/consumer, financial services, and service-oriented business industries. Northwood Ventures was formed in 1983 and is based in Syosset, New York.

DEAL STATS #
Overall 71 of 71
Sector (Engineering) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 22 of 22
State (Florida) 4 of 4
Country (United States) 65 of 65
Year (2023) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-13 BigScoots

Chicago, Illinois, United States

BigScoots is a value-added managed hosting service provider and WordPress-centric company that leverages its deep domain expertise, vertically-focused model, highly automated services, owned infrastructure and technical team to create and maintain what it believes to be the ideal solution for its target end customers. BigScoots is based in Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-01 Jack Rogers

New York, New York, United States

Jack Rogers is an iconic American designer and manufacturer of high quality handmade women’s sandals first made fashionable by Jacqueline Kennedy Onassis. Jack Rogers was founded in 1960 and is based in New York, New York.

Sell -
Mergr

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