M&A Deal Summary

TJC Acquires ARCH Global

On April 1, 2019, private equity firm TJC acquired medical products company ARCH Global from Aldine Capital Partners, Strength Capital Partners and Patriot Capital

Acquisition Highlights
  • This is TJC’s 4th transaction in the Medical Products sector.
  • This is TJC’s 56th transaction in the United States.
  • This is TJC’s 2nd transaction in Michigan.

M&A Deal Summary
Date 2019-04-01
Target ARCH Global
Sector Medical Products
Buyer(s) TJC
Sellers(s) Aldine Capital Partners
Strength Capital Partners
Patriot Capital
Deal Type Secondary Buyout
Advisor(s) Lincoln International (Financial)
Jaffe Raitt Heuer & Weiss (Legal)

Target

ARCH Global

Bloomfield Hills, Michigan, United States
ARCH Global is a manufacturer of consumable cutting tools, medical instruments and implants and precision components. ARCH’s products serve a diverse set of large and growing end markets, including general industrial, medical, transportation and aerospace and defense. ARCH Global was formed in 2011 and is based in Livonia, Michigan.

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Buyer(S) 1

Buyer

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 58 of 93
Sector (Medical Products) 4 of 5
Type (Secondary Buyout) 18 of 34
State (Michigan) 2 of 4
Country (United States) 56 of 89
Year (2019) 3 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-18 Sabre Industries

Alvarado, Texas, United States

Sabre Industries is a producer of highly engineered products used for electric transmission and distribution and wireless telecommunications, offering a complete customer solution with a full range of engineered towers, poles, structures, and related services. The Company's vast array of product offerings, services, and extensive manufacturing capabilities has allowed Sabre to develop leading positions with a high-quality, diversified group of customers including the nation's largest utilities and wireless communications firms.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-03 GlobalTranz

Scottsdale, Arizona, United States

GlobalTranz is a technology-driven freight brokerage company specializing in LTL, full truckload, third-party logistics, and expedited shipping services. GlobalTranz optimizes the efficiency of freight movement and matches shipper demand and carrier capacity in near real-time. Leveraging its extensive freight agent network, GlobalTranz has emerged as a fast-growing market leader with a customer base of over 25,000 shippers. In 2018, Transport Topics ranked GlobalTranz as the 10th largest freight brokerage firm in the U.S. GlobalTranz was founded in 2003 and is based in Scottsdale, Arizona.

Sell -

Seller(S) 3

SELLER

Aldine Capital Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 2005
Size Small
Type Sector Agnostic
DESCRIPTION

Aldine Capital Partners is a mezzanine investment firm that provides mezzanine and junior capital financing to lower middle-market companies generating sales of at least $10 million and at least $2 million in EBITDA. Aldine invests in the range of $4 to $25 million per transaction. Types of transactions include management buyouts, acquisition financings, shareholder liquidity events, recapitalizations, and growth financings of smaller middle-market companies. Aldine will consider investments across the United States, but has a primary focus on opportunities in the Midwest. The Firm will not consider investments in start-ups, turnarounds, real estate, insurance, banking, and oil/gas. Aldine Capital was formed in 2005 and is based in Chicago, Illinois.

DEAL STATS #
Overall 16 of 24
Sector (Medical Products) 1 of 1
Type (Secondary Buyout) 5 of 9
State (Michigan) 1 of 2
Country (United States) 16 of 24
Year (2019) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-06 Extra Mile Brands

Reedsville, Pennsylvania, United States

Extra Mile Brands is a manufacturer, distributor, and e-tailer of aftermarket restoration and performance products for Chevrolet Corvettes and Ford Mustangs. Extra Mile Brands is based in Reedsville, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-24 H3

Champaign, Illinois, United States

H3 is comprised of Hi-Grade Welding and Manufacturing and HL Precision Manufacturing. H3 is a manufacturer specializing in complex, custom weldments and sheet metal fabrication serving the medical, power, and transportation industries. H3 was founded in 2019 and is based in Champaign, Illinois.

Buy -
SELLER

Strength Capital Partners

Birmingham, Michigan, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2000
PE ASSETS 500M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Strength Capital Partners (SCP) is a private equity firm that specializes in acquiring or providing late stage growth capital to Midwest US based companies. Areas of interest include the manufacturing, distribution, industrial, financial services, infrastructure, and consumer products sectors. The Firm takes a hands-on investment approach, looking to use firm resources and expertise to improve operational performance. SCP will not invest in high technology or internet businesses. Strength Capital Partners has offices in Birmingham, Michigan and Cincinnati, Ohio.

DEAL STATS #
Overall 7 of 10
Sector (Medical Products) 1 of 1
Type (Secondary Buyout) 3 of 4
State (Michigan) 4 of 5
Country (United States) 7 of 10
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-13 Esp Associates

Fort Mill, California, United States

Esp Associates is a multi-discipline professional services firm providing engineering, surveying, and planning services to a variety of public and private clients. ESP’s services cover a wide variety of end markets including transportation, public safety, land development, and energy. Esp Associates was founded in 1986 and is based in Fort Mill, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-20 CALco

Richmond, Illinois, United States

CALco is a vertically integrated, full-service wooden pallet manufacturer selling both new and recycled pallets to a diverse customer base throughout the Midwest. It operations include a captive hardwood sawmill and landscape mulching capabilities to monetize scrap and unusable pallets. CALco was founded in 2006 and is based in Richmond, Illinois.

Buy -
SELLER

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 34 of 50
Sector (Medical Products) 1 of 1
Type (Secondary Buyout) 4 of 6
State (Michigan) 2 of 3
Country (United States) 34 of 50
Year (2019) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-11 Eddy Packing Company

Yoakum, Texas, United States

Eddy Packing Company is a broadly diversified, premier processor of beef, pork, and poultry products. The Company offers a complete line of fully cooked, marinated, cured, fresh, and frozen meat products, such as smoked sausage, fajita meat, pulled beef/pork/chicken, ribs, pork chops/loins, chicken breast, brisket, and other meat products. Eddy Packing was founded in 1953 and is based in Yoakum, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-01 Express Packaging

Columbus, Ohio, United States

Express Packaging, Inc. is a provider of outsourced contract packaging and contract manufacturing services to global consumer brands. Express Packaging was founded in 1985 and is based in Columbus, Ohio.

Sell -
Mergr

Product

Company

Legal