M&A Deal Summary

SRAM Acquires Rockshox

On March 27, 2002, SRAM acquired manufacturer Rockshox from TJC and NewCastle Partners

Acquisition Highlights
  • This is SRAM’s 1st transaction in the Manufacturing sector.
  • This is SRAM’s 1st transaction in the United States.
  • This is SRAM’s 1st transaction in California.

M&A Deal Summary

Date 2002-03-27
Target Rockshox
Sector Manufacturing
Buyer(s) SRAM
Sellers(s) TJC
NewCastle Partners
Deal Type Add-on Acquisition

Target

Rockshox

San Jose, California, United States
RockShox, Inc. engages in the design, manufacture, and marketing of bicycle suspension products. ROCKSHOX suspension products include front suspension forks, rear shocks, and seatposts based on elastomer technology or hydraulically damped systems using coil or air springs.

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Buyer(S) 1

Buyer

SRAM

Chicago, Illinois, United States

Category Company
Sector Consumer Products
DESCRIPTION

SRAM LLC is a producer of a full line of high performance bicycle components for original equipment manufacturers and independent bike dealers that are sold primarily under the SRAM, RockShox, Avid, Truvativ, and Zipp brand names.


DEAL STATS #
Overall 1 of 1
Sector: Manufacturing M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2002 M&A 1 of 1

Seller(S) 2

SELLER

TJC

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1982
PE ASSETS 14.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TJC is a private investment firm that specializes in acquiring North American middle-market businesses operating in basic industries. TJC specifically looks to provide liquidity for shareholders, raise capital for corporate growth and 'create significant equity opportunities for key management'. TJC will consider opportunities valued from $100 million to $2 billion in a wide variety of industries. Sectors of interest include aerospace/defense, automotive, building products, chemicals, consumer products, distribution, energy, financial services, healthcare, industrial products, insurance, metals, packaging, retail, transportation/logistics, and telecom. TJC was formerly known as The Jordan Company. The Firm was formed in 1982 and is based in New York City.


DEAL STATS #
Overall 6 of 61
Sector: Manufacturing M&A 4 of 11
Type: Add-on Acquisition M&A Deals 3 of 23
State: California M&A 1 of 4
Country: United States M&A 6 of 59
Year: 2002 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-03-01 Benchcraft

Blue Mountain, Mississippi, United States

Benchcraft, Inc. manufacturer of upholstered furniture.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-01-20 Precision Engineered Products

Attleboro, Massachusetts, United States

Precision Engineered Products is a global manufacturer of highly engineered precision customized solutions serving the medical, electrical, transportation and aerospace end markets. Precision Engineered Products is based in Attleboro, Massachusetts.c

Buy -
SELLER

NewCastle Partners

Greenwich, Connecticut, United States

Investor


Category Private Equity Firm
Founded 2001
Size Small
Type Sector Focused
DESCRIPTION

NewCastle Partners is an independent investment firm focused on acquiring smaller middle-market companies in partnership with management. The Firm targets profitable, US-based businesses with defensible market positions. Prospective companies generally have at least $2 million in EBITDA and generate sales of $10 to $50 million. Sectors of interest include niche manufacturing and specialty distribution. Target transactions include recapitalizations, buyouts, growth capital financings, and consolidations. NewCastle was formed in 2001 and is based in Greenwich, Connecticut.


DEAL STATS #
Overall 3 of 16
Sector: Manufacturing M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 10
State: California M&A 1 of 3
Country: United States M&A 3 of 16
Year: 2002 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-10-01 Custom Chrome

Morgan Hill, California, United States

Custom Chrome, Inc. is a manufacturer and supplier of aftermarket parts and accessories for Harley-Davidson motorcycles.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-12-17 Universal Technical Institute

Phoenix, Arizona, United States

Universal Technical Institute is a provider of post-secondary education for students seeking careers as professional automotive, diesel, collision repair, motorcycle and marine technicians. Universal Technical Institute was founded in 1965 and is based in Phoenix, Arizona.

Sell -