M&A Deal Summary

H.I.G. Private Equity Acquires Watchfire

On July 26, 2022, private equity firm H.I.G. Private Equity acquired electrical equipment company Watchfire from TJC

Acquisition Highlights
  • This is H.I.G. Private Equity’s 3rd transaction in the Electrical Equipment sector.
  • This is H.I.G. Private Equity’s 213th transaction in the United States.
  • This is H.I.G. Private Equity’s 15th transaction in Illinois.

M&A Deal Summary

Date 2022-07-26
Target Watchfire
Sector Electrical Equipment
Buyer(s) H.I.G. Private Equity
Sellers(s) TJC
Deal Type Secondary Buyout

Target

Watchfire

Danville, Illinois, United States
Watchfire is a manufacturer of highly engineered, LED outdoor digital display products serving over 1,000 sign companies and over 300 local, regional and national outdoor advertising operators. Watchfire was founded in 1932 and is based in Danville, Illinois.

Search 214,238 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

H.I.G. Private Equity

Miami, Florida, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1993
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HIG Private Equity is the private equity arm of HIG Capital. The Firm focuses on management buyouts, growth equity investments, and recapitalizations of mid-sized to large companies valued between $50 million and $1 billion. HIG will also consider industry consolidations, going-privates, and corporate divestitures. Sectors of interest include aerospace, building materials, business services, consumer products, distribution, healthcare, infrastructure, contracting, manufacturing, media, oil & gas services, IT, and transportation. HIG was formed in 1993 is based in Miami, Florida.


DEAL STATS #
Overall 322 of 383
Sector: Electrical Equipment M&A 3 of 4
Type: Secondary Buyout M&A Deals 52 of 72
State: Illinois M&A 15 of 18
Country: United States M&A 213 of 249
Year: 2022 M&A 15 of 24
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-21 Family Entertainment Group

Itasca, Illinois, United States

Family Entertainment Group is a designer, developer, and operator of amusement centers. FEG has partnerships with family-oriented resorts to provide turnkey outsourced solutions for amusement operations ranging from initial design and layout to day-to-day site management and operations. Family Entertainment Group was founded in 2004 and is based in Itasca, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-01 Barton & Associates

Peabody, Massachusetts, United States

Barton & Associates is an U.S. healthcare staffing company focused on locum tenens with additional capabilities in travel nursing, allied healthcare, and government-related physician staffing markets. Barton utilizes its large network of highly skilled providers to quickly respond to critical customer needs. Barton & Associates was founded in 2001 and is based in Peabody, Massachusetts.

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 56 of 61
Sector: Electrical Equipment M&A 3 of 4
Type: Secondary Buyout M&A Deals 27 of 30
State: Illinois M&A 6 of 6
Country: United States M&A 54 of 59
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-04 Growthloop

San Francisco, California, United States

GrowthLoop is a no code data activation platform for enterprise, powering growth at a diverse range of innovative companies across a variety of end markets. GrowthLoop’s platform enables customers to activate first-party customer data from within their data warehouses directly into any marketing, sales and customer service destinations to improve customer experiences and enhance marketing spend. Growthloop is based in San Francisco, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-01 Ned s Home

Fairfield, New Jersey, United States

Ned's Home provides gutter cleaning, soft wash, and other related, non-discretionary residential services, including gutter maintenance, installation, and repair. Ned's Home was founded in 1965 and is based in Fairfield, New Jersey.

Buy -