M&A Deal Summary

PNC Riverarch Capital Acquires Tranzonic Companies

On March 27, 2018, private equity firm PNC Riverarch Capital acquired consumer products company Tranzonic Companies from Silver Oak Services Partners and Barings Private Equity

Acquisition Highlights
  • This is PNC Riverarch Capital’s 2nd transaction in the Consumer Products sector.
  • This is PNC Riverarch Capital’s 16th transaction in the United States.
  • This is PNC Riverarch Capital’s 2nd transaction in Tennessee.
Investment Fate
  • Tranzonic Companies was sold to a consortium of financial buyers in 2022.

M&A Deal Summary

Date 2018-03-27
Target Tranzonic Companies
Sector Consumer Products
Buyer(s) PNC Riverarch Capital
Sellers(s) Silver Oak Services Partners
Barings Private Equity
Deal Type Recapitalization

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. Tranzonic Companies was established in 1933 and is based in Knoxville, Tennessee.

Search 214,239 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

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 18 of 37
Sector: Consumer Products M&A 2 of 5
Type: Recapitalization M&A Deals 4 of 4
State: Tennessee M&A 2 of 2
Country: United States M&A 16 of 31
Year: 2018 M&A 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-01 itel

Jacksonville, Florida, United States

itel is an insurance service provider that helps property insurance companies effectively settle claims worldwide. itel is committed to custom-fitting its service offering to meet the unique needs of each international insurance market. itel was founded in 1993 and is based in Jacksonville, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-30 Precision Aviation Group

Atlanta, Georgia, United States

Precision Aviation Group is a provider of products and value-added services to the worldwide aerospace and defense industry. With nine locations and more than 260,000-square-feet of sales and service facilities in the United States, Canada, Australia, Brazil, and Singapore, PAG uses its distinct business units and customer-focused business model to serve aviation customers through two business functions – Aviation Supply Chain, and its Inventory Supported Maintenance, Repair and Overhaul services. Precision Aviation Group was founded in 1993 and is headquartered in Atlanta, Georgia.

Sell -

Seller(S) 2

SELLER

Silver Oak Services Partners

Evanston, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
Size Small
Type Sector Focused
DESCRIPTION

Silver Oak Services Partners, LLC is a private equity firm focused on service businesses, specifically business services, healthcare services, and consumer services. The Firm targets companies with revenues between $15 and $150 million and EBITDA of $4 to $25 million. The Firm's typical investment size is $10 to $50 million with the ability to invest more through co-investment from the firm's limited partners. The company will not consider investments in start-ups, businesses with project-based revenue models, retail, or restaurants. Silver Oak Services Partners was formed in 1995 and is based in Evanston, Illinois.


DEAL STATS #
Overall 19 of 24
Sector: Consumer Products M&A 1 of 1
Type: Recapitalization M&A Deals 1 of 1
State: Tennessee M&A 2 of 3
Country: United States M&A 19 of 24
Year: 2018 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-27 Brilliant Staffing

Chicago, Illinois, United States

Brilliant Staffing is a provider of temporary and permanent Finance, Accounting (“F&A”) and IT professionals to the Greater Chicago and South Florida markets. Brilliant Staffing was founded in 2009 and is based in Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-13 Innovative Driven

Arlington, Virginia, United States

Innovative Driven is a provider of technology-driven eDiscovery solutions. The Company provides forensics, electronic data discovery, hosting, project management, production, and managed review services to corporations, government entities and law firms in the U.S. and abroad. Innovative Driven was founded in 2005 and is based in Arlington, Virginia.

Buy -
SELLER

Barings Private Equity

Investor Investor


Category Private Equity Firm
Founded 1991
PE ASSETS 5.7B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Barings Private Equity is the private equity arm of global asset management firm Barings. The Group looks to invest in mezzanine, distressed, and other private equity transactions including secondaries and funds. Sectors of interest include manufacturing, business services, distribution, consumer products, consumer services, food products, packaging, and healthcare. Barings Private Equity was originally established in 1991 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 22 of 39
Sector: Consumer Products M&A 2 of 3
Type: Recapitalization M&A Deals 1 of 1
State: Tennessee M&A 1 of 1
Country: United States M&A 20 of 35
Year: 2018 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-12 Doss Aviation

Colorado Springs, Colorado, United States

Department of Defense (DOD) is a provider of flight training, aircraft maintenance and modification, maintenance training, fuels management, transient aircraft support services, air traffic control, and other airfield management services.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-11 Van Pool

Wilbraham, Massachusetts, United States

Van Pool is a provider of transportation services for special needs and homeless students in Massachusetts, Connecticut, and New Hampshire. Van Pool was founded in 1980 and is based in Wilbraham, Massachusetts.

Sell -