M&A Deal Summary

Merit Capital Partners Acquires TGR Industrial Services

On August 1, 2014, mezzanine finance firm Merit Capital Partners acquired test/measurement equipment company TGR Industrial Services

Acquisition Highlights
  • This is Merit Capital Partners’ 2nd transaction in the Test/Measurement Equipment sector.
  • This is Merit Capital Partners’ 71st transaction in the United States.
  • This is Merit Capital Partners’ 9th transaction in Texas.

M&A Deal Summary
Date 2014-08-01
Target TGR Industrial Services
Sector Test/Measurement Equipment
Buyer(s) Merit Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

TGR Industrial Services

Houston, Texas, United States
TGR Industrial Services is a national provider of Non-Destructive Testing and Heat Treating Services. Non-destructive testing represents a subcategory of the Testing, Inspection & Certification sector which aims to detect flaws, cracks, variations and minute changes in objects without damaging the products being tested. TGR Industrial Services was founded in 1976 and is based in Houston, Texas.

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Buyer(S) 1

Buyer

Merit Capital Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 1993
PE ASSETS 2.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Merit Capital Partners is a private investment firm that targets investments in middle market manufacturing, distribution, and service based businesses. Merit looks for companies generating at least $25 million in sales and at least $4 million in EBITDA. Merit can provide both equity and junior capital financing and looks to commit at least $15 million per transaction. Prospective transaction situations include management buyouts, recapitalizations, growth financings, divestitures, unsponsored transactions, and ESOPs. Merit Capital will not invest in start-ups, turnarounds, real estate, specialty retail, or oil/gas opportunities. Merit Capital was originally known as William Blair Mezzanine Capital and became independent in 2004. Merit was formed in 1993 and is based in Chicago, Illinois.

DEAL STATS #
Overall 72 of 98
Sector (Test/Measurement Equipment) 2 of 3
Type (Buyout (LBO, MBO, MBI)) 46 of 62
State (Texas) 9 of 12
Country (United States) 71 of 97
Year (2014) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-27 Identity Group

Nashville, Tennessee, United States

Identity Group is a manufacturer of custom identity products engineered to communicate a brand, message, location, or creative theme. Identity Group is best known for manufacturing and marketing customized interior signs and wayfinding products for large-scale construction and renovation projects. Identity Group was founded in 1957 and is based in Nashville, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-01 Sales Performance International

Charlotte, North Carolina, United States

Sales Performance Internationa is a sales and marketing management consulting firm. SPI has helped enable the world’s leading corporations to drive sustainable revenue growth through sales performance improvement.

Sell -
Mergr

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