M&A Deal Summary

MidMark Capital Acquires TCR Engineered Components

On January 1, 2003, private equity firm MidMark Capital acquired manufacturer TCR Engineered Components from TransTechnology

Acquisition Highlights
  • This is MidMark Capital’s 1st transaction in the Manufacturing sector.
  • This is MidMark Capital’s 4th transaction in the United States.
  • This is MidMark Capital’s 1st transaction in Minnesota.

M&A Deal Summary

Date 2003-01-01
Target TCR Engineered Components
Sector Manufacturing
Buyer(s) MidMark Capital
Sellers(s) TransTechnology
Deal Type Divestiture

Target

TCR Engineered Components

Minneapolis, Minnesota, United States
TCR Engineered Components LLC is a manufacturer of engineered metal components using cold forming and screw machining technologies. TCR Engineered Components was founded in 1953 and is based in Minneapolis, Minnesota.

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Buyer(S) 1

Buyer

MidMark Capital

Morristown, New Jersey, United States

Category Private Equity Firm
Founded 1989
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

MidMark Capital is a private equity investment firm focused on acquiring mid-sized manufacturing companies. The Firm generally looks to acquire controlling interests in standalone businesses from private and corporate owners, however the MidMark will also make significant equity investments in rapidly growing businesses. MidMark typically acts as the lead investor when pursuing transactions. MidMark Capital was formed in 1989 and is based in Morristown, New Jersey.


DEAL STATS #
Overall 5 of 13
Sector: Manufacturing M&A 1 of 4
Type: Divestiture M&A Deals 1 of 1
State: Minnesota M&A 1 of 1
Country: United States M&A 4 of 11
Year: 2003 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-08-15 DynaSys SA

Schiltigheim, France

DynaSys SA is a provider of supply chain management solutions. DynaSys provides an integrated suite of demand and supply chain planning solutions. DynaSys customers are primarily in France and other countries in Europe. DynaSys has strong penetration in the luxury goods retail and distribution markets, delivering products that handle the challenges of managing complex global supply chains and fluctuating customer demand. Additionally, DynaSys targets the food and beverage and retail markets, where the ability to plan millions of items simultaneously is critical to successful supply chain optimization. DynaSys also has customers in the pharmaceutical, cosmetics and chemical markets, often supporting them in highly regulated environments.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-06-01 Innovative Concepts in Entertainment

Clarence, New York, United States

Innovative Concepts in Entertainment, Inc. is a manufacturer of coin-operated amusement games in North America.

Buy -

Seller(S) 1

SELLER

TransTechnology

United States

Category Company
Sector Defense
DESCRIPTION

Manufacturer of engineered defense and aerospace products used by government and civilian agencies, aircraft builders, and airlines.


DEAL STATS #
Overall 1 of 1
Sector: Manufacturing M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Minnesota M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2003 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-07-13 Eaton - Engineered Fastener Division

United States

Eaton's Engineered Fastener Division manufactures a wide variety of fastening devices for automotive, business equipment, consumer electronics and home appliance markets. The division has manufacturing facilities in Brunswick and Massillon, Ohio and Hamilton, Ontario, Canada.

Buy $173M