M&A Deal Summary

Patriot Capital and Eagle Merchant Partners Acquire TCB Franchising

On April 13, 2023, private equity firms Patriot Capital and Eagle Merchant Partners acquired business services company TCB Franchising

Acquisition Highlights
  • This is Patriot Capital’s 11th and Eagle Merchant Partners’ 2nd transaction in the Business Services sector.
  • This is Patriot Capital’s 105th and Eagle Merchant Partners’ 10th transaction in the United States.
  • This is Patriot Capital’s 5th and Eagle Merchant Partners’ 2nd transaction in Tennessee.

M&A Deal Summary

Date 2023-04-13
Target TCB Franchising
Sector Business Services
Buyer(s) Patriot Capital
Eagle Merchant Partners
Deal Type Consolidation

Target

TCB Franchising

Cordova, Tennessee, United States
TCB Franchising is a home and commercial services franchisor in the U.S. and Canada. Current brands include AmeriSpec Inspection Services, Furniture Medic and Renew Medic. TCB Franchising is based in Cordova, Tennessee.

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Buyer(S) 2

Buyer

Patriot Capital

Baltimore, Maryland, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Size Large
Type Sector Agnostic
DESCRIPTION

Patriot Capital is a private investment firm that provides equity and junior capital to support acquisitions, growth capital financings, management buyouts, and recapitalizations of middle-market companies. The Firm looks to invest $5 to $25 million in businesses generating revenues of $10 to $200 million. Areas of interest include business and consumer services, consumer products, niche manufacturing and distribution, education, e-commerce, application software, transportation, and telecom services. Patriot focuses its investment activity with the Mid-Atlantic, Midwest, and Southern areas of the US. Patriot Capital is based in Baltimore, Maryland.


DEAL STATS #
Overall 105 of 112
Sector: Business Services M&A 11 of 13
Type: Consolidation M&A Deals 7 of 7
State: Tennessee M&A 5 of 5
Country: United States M&A 105 of 112
Year: 2023 M&A 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-13 EastPoint Sports

Succasunna, New Jersey, United States

EastPoint Sports designs, sources, and distributes indoor and outdoor home recreational products through mass retail and e-commerce channels. The EastPoint Sports family of brands includes Go! Gater, Majik, Rec-Tek, Classic Sport, Narwhal, NHL, HEAD, PENN, Kan Jam, and Pro-Line Tailgating. EastPoint Sports was founded in 2009 and is based in Succasunna, New Jersey.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-01 Race Technologies

Irvine, California, United States

Race Technologies provides supply chain services and high-performance product distribution across the globe and has been serving the global performance automotive and motorcycle racing, custom build, and enthusiast markets. Race Technologies was founded in 1998 and is based in Irvine, California.

Buy -
Buyer

Eagle Merchant Partners

Atlanta, Georgia, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2013
PE ASSETS 415M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Eagle Merchant Partners focused on investing in US-based middle-market consumer, business services, and industrial companies. The Firm targets companies with revenue between $20 and $200 million and EBITDA between $2 and $20 million. Eagle Merchant Partners was founded in 2013 and is based in Atlanta, Georgia.


DEAL STATS #
Overall 10 of 15
Sector: Business Services M&A 2 of 2
Type: Consolidation M&A Deals 1 of 1
State: Tennessee M&A 2 of 2
Country: United States M&A 10 of 15
Year: 2023 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-31 Eskola

Morristown, Tennessee, United States

Eskola is a commercial roofing and waterproofing contractor operating across Tennessee, Kentucky, and South Carolina, serving a diverse customer base in education, infrastructure, and healthcare. Eskola was formed in 1972 and is based in Morristown, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-09 Impact Home Services

Tampa, Florida, United States

Impact Home Services is a provider of garage, electric, and plumbing home services for Precision Door Service®, Mr. Electric® and Mr. Rooter® Plumbing within the Neighborly system. Impact Home Services was founded in 2021 and is based in Tampa, Florida.

Buy -