M&A Deal Summary

TJC Acquires Borchers Group

On December 14, 2016, private equity firm TJC acquired chemicals company Borchers Group from Vectra

Acquisition Highlights
  • This is TJC’s 4th transaction in the Chemicals sector.
  • This is TJC’s 43rd transaction in the United States.
  • This is TJC’s 4th transaction in Ohio.
Investment Fate
  • Borchers Group was sold to a strategic buyer in 2020.

M&A Deal Summary

Date 2016-12-14
Target Borchers Group
Sector Chemicals
Buyer(s) TJC
Sellers(s) Vectra
Deal Type Divestiture

Target

Borchers Group

Westlake, Ohio, United States
Borchers Group Ltd. is a provider of coating additive products support progress in colorants, coatings and coating systems - from the production stage through to applications we provide a complete systems approach. Borchers Group was established in 1940 and is based in Westlake, Ohio.

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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 45 of 96
Sector: Chemicals M&A 4 of 8
Type: Divestiture M&A Deals 4 of 9
State: Ohio M&A 4 of 7
Country: United States M&A 43 of 92
Year: 2016 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-15 Sensus Metering Systems

Raleigh, North Carolina, United States

Sensus Metering Systems Ltd. is a provider of advanced metering and related communications systems to the worldwide utility industry and has over a century of experience in designing and manufacturing metering products.

Sell $1.7B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-23 Quick International Courier

New York, New York, United States

Quick International Courier, Inc. is a full-service global priority transportation and logistics company, shipping life-saving organs for transplant, critical parts for the high-tech and manufacturing industries or confidential documents for the legal industry. As a highly experienced and proven source for global priority shipping and logistics, Quick delivers fast and reliable door-to-door service for shipping blood and organs for transplant, to critical high-tech parts and medical devices, to crucial time-sensitive and highly confidential documents. Quick International Courier was founded in 1981 and is based in New York.

Buy -

Seller(S) 1

SELLER

Vectra

Cleveland, Ohio, United States

Category Company
Founded 1991
Sector Chemicals
Employees5,900
Revenue 1.2B USD (2013)
DESCRIPTION

Vectra is a provider of specialty chemicals, advanced materials, electrochemical energy storage, magnetic materials and unique technologies crucial to enabling customers to meet increasingly stringent market and application requirements. Vectra was founded in 1991 and is based in Cleveland, Ohio.


DEAL STATS #
Overall 6 of 6
Sector: Chemicals M&A 3 of 3
Type: Divestiture M&A Deals 6 of 6
State: Ohio M&A 3 of 3
Country: United States M&A 5 of 5
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-28 OM Group - Electronic Chemicals and Photomasks Businesses

St. Louis, Missouri, United States

OM Group's Electronic Chemicals and Photomasks businesses produces electronic and photomasks.

Sell -