M&A Deal Summary

Peak Rock Capital Acquires Tranzonic Companies

On August 16, 2022, private equity firm Peak Rock Capital acquired consumer products company Tranzonic Companies from PNC Riverarch Capital

Acquisition Highlights
  • This is Peak Rock Capital’s 4th transaction in the Consumer Products sector.
  • This is Peak Rock Capital’s 28th transaction in the United States.
  • This is Peak Rock Capital’s 1st transaction in Tennessee.

M&A Deal Summary
Date 2022-08-16
Target Tranzonic Companies
Sector Consumer Products
Buyer(s) Peak Rock Capital
Sellers(s) PNC Riverarch Capital
Deal Type Secondary Buyout

Target

Tranzonic Companies

Knoxville, Tennessee, United States
Tranzonic Companies is a manufacturer and distributor of consumable personal care, cleaning, and MRO products sold to over 30,000 industrial, commercial, institutional, and medical customers. Primary products include wipers, adult incontinence, personal hygiene, and related products with generic and private label brands. The Tranzonic Companies was established in 1933 and is based in Knoxville, Tennessee.

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Buyer(S) 1

Buyer

Peak Rock Capital

Austin, Texas, United States
Category Private Equity Firm
Founded 2012
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Peak Rock Capital is a generalist private equity firm that makes debt and equity investments in middle-market companies. The Firm targets businesses with $50 million to $1 billion in revenue and can commit up to $500 million per transaction. Sectors of interest include business services, consumer products, distribution, energy services, healthcare, industrials, manufacturing, media, and metals. Peak Rock will consider a variety of transaction situations - from leveraged buyouts and recapitalizations to special situations. Peak Rock is based in Austin, Texas.

DEAL STATS #
Overall 32 of 38
Sector (Consumer Products) 4 of 4
Type (Secondary Buyout) 7 of 7
State (Tennessee) 1 of 1
Country (United States) 28 of 33
Year (2022) 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-23 Passport Technology

Glendale, California, United States

Passport Technology is a developer of technology-based solutions and services for the highly regulated payments, gaming, and financial services markets. Passport Technology is based in Glendale, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-03 SBS

Littleton, Colorado, United States

SBS is a provider of intelligent design software and spatial data integration solutions to many of the world’s largest utilities and infrastructure firms across North America, Europe, and Australia. SBS is based in Littleton, Colorado.

Buy -

Seller(S) 1

SELLER

PNC Riverarch Capital

Pittsburgh, Pennsylvania, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2011
PE ASSETS 250M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

PNC Riverarch Capital is a middle-market private equity group that invests in privately-held companies headquartered throughout North America. The Group looks to commit $10 to $50 million to help fund recapitalizations, leveraged and management buyouts, corporate divestitures and growth financings. Target sectors include business and industrial services, specialized manufacturing, and value-added distribution. PNC Riverarch was formed in 2011 and is an affiliate of PNC Financial Services Group.

DEAL STATS #
Overall 15 of 18
Sector (Consumer Products) 2 of 2
Type (Secondary Buyout) 11 of 12
State (Tennessee) 2 of 2
Country (United States) 14 of 16
Year (2022) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-01 Chef Merito

Van Nuys, California, United States

Chef Merito is a manufacturer and distributor of branded seasonings, spices, marinades and other flavor solutions to the Hispanic grocery and foodservice market. Chef Merito was founded in 1985 and is based in Van Nuys, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-17 MTA

Pinellas Park, Florida, United States

MTA is a provider in the Medical Gas and Controlled Environment industries providing compliance solutions for patient life safety across the U.S. As a single source provider, MTA delivers a wide range of Medical Gas, Environmental Monitoring and Controlled Environment testing and equipment solutions to healthcare facilities centered on service excellence. MTA was founded in 1983 and is based in Pinellas Park, Florida.

Buy -
Mergr

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