M&A Deal Summary

TGP Investments Acquires Northeast Quality

On January 1, 2021, private equity firm TGP Investments acquired machinery company Northeast Quality

Acquisition Highlights
  • This is TGP Investments’ 1st transaction in the Machinery sector.
  • This is TGP Investments’ 10th transaction in the United States.
  • This is TGP Investments’ 1st transaction in Connecticut.

M&A Deal Summary
Date 2021-01-01
Target Northeast Quality
Sector Machinery
Buyer(s) TGP Investments
Deal Type Buyout (LBO, MBO, MBI)

Target

Northeast Quality

Cromwell, Connecticut, United States
Northeast Quality is a provider of precision machining and assembly services. The company has a wide variety of machining capabilities, including multi-turret lathes, swiss, and turn/mill lathes, along with horizontal and vertical milling capabilities. Northeast Quality was founded in 1979 and is based in Cromwell, Connecticut.

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Buyer(S) 1

Buyer

TGP Investments

Kansas City, Missouri, United States

Investor Investor

Category Private Equity Firm
Founded 2006
PE ASSETS 57M USD
Size Small
Type Sector Agnostic
DESCRIPTION

TGP Capital Partners is a private equity fund that makes middle-market investments in profitable, growing companies. TGP primarily targets opportunities located in the Midwest US. TGP will consider both control and minority investments in manufacturing and business service companies with annual revenues of $15 to $50 million. Prospective transaction situations include industry consolidations, management buyouts, acquisitions, and growth financings. The fund is managed by TGP Investments, a Kansas City, Missouri based merchant bank.

DEAL STATS #
Overall 10 of 10
Sector (Machinery) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 5 of 5
State (Connecticut) 1 of 1
Country (United States) 10 of 10
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-19 Sunpro

Mandeville, Louisiana, United States

Sunpro is a provider of rooftop solar systems in the United States. Sunpro markets, designs, sells, installs, and maintains solar power systems on residential and commercial properties through their 3,600-person, full-time workforce of solar energy professionals with 56 locations in 22 states. Sunpro was founded in 2008 and is based in Mandeville, Louisiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-09 Sunpro

Mandeville, Louisiana, United States

Sunpro is a provider of rooftop solar systems in the United States. Sunpro markets, designs, sells, installs, and maintains solar power systems on residential and commercial properties through their 3,600-person, full-time workforce of solar energy professionals with 56 locations in 22 states. Sunpro was founded in 2008 and is based in Mandeville, Louisiana.

Sell $825M
Mergr

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