M&A Deal Summary

TJC Acquires CFS Brands

On February 1, 2018, private equity firm TJC acquired manufacturer CFS Brands from Carlisle Companies for 750M USD

Acquisition Highlights
  • This is TJC’s 8th transaction in the Manufacturing sector.
  • This is TJC’s 4th largest (disclosed) transaction.
  • This is TJC’s 49th transaction in the United States.
  • This is TJC’s 1st transaction in Oklahoma.

M&A Deal Summary
Date 2018-02-01
Target CFS Brands
Sector Manufacturing
Buyer(s) TJC
Sellers(s) Carlisle Companies
Deal Type Divestiture
Deal Value 750M USD

Target

CFS Brands

Oklahoma City, Oklahoma, United States
CFS Brands is a manufacturer and marketer of professional-grade solutions for the restaurant, hospitality, healthcare and janitorial segments. Products for these focused markets include an array of foodservice permanent ware supplies, table coverings, cookware, displayware, storage containers, catering and transport equipment and meal delivery systems. CFS Brands was founded in 1995 and is based in Oklahoma City.

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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 51 of 93
Sector (Manufacturing) 8 of 10
Type (Divestiture) 5 of 9
State (Oklahoma) 1 of 1
Country (United States) 49 of 89
Year (2018) 1 of 5
Size (of disclosed) 4 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-08 Young

Algonquin, Illinois, United States

Young develops, manufactures and markets supplies and equipment used by dentists, dental hygienists, dental assistants, and consumers. The Company's consumables product offering includes disposable and metal prophy angles, prophy cups and brushes, dental micro-applicators, moisture control products, infection control products, dental handpieces (drills) and related components, endodontic systems, orthodontic toothbrushes, flavored examination gloves, children's toothbrushes, and children's toothpastes. Young was founded in 1995 and is based in Algonquin, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-08 Harvey Gulf

New Orleans, Louisiana, United States

Harvey Gulf is a marine transportation company that specializes in providing offshore supply and multi-purpose support vessels for deepwater oil & gas operations in the U.S. Gulf of Mexico. Harvey Gulf was formed in 1955 and is based in New Orleans, Louisiana.

Sell -

Seller(S) 1

SELLER

Carlisle Companies

Scottsdale, Arizona, United States
Category Company
Founded 1917
Sector Manufacturing
Employees11,000
Revenue 4.6B USD (2023)
DESCRIPTION

Carlisle Companies is a diversified company that designs, manufactures and markets a wide range of products that serve a broad range of niche markets including commercial roofing, energy, agriculture, mining, construction, aerospace and defense electronics, foodservice, healthcare and sanitary maintenance. Carlisle Companies was incorporated in 1917 and is based in Scottsdale, Arizona.

DEAL STATS #
Overall 2 of 5
Sector (Manufacturing) 1 of 3
Type (Divestiture) 2 of 5
State (Oklahoma) 1 of 1
Country (United States) 2 of 5
Year (2018) 1 of 1
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-02 Accella Performance Materials

Maryland, Missouri, United States

Accella Performance Materials is a custom formulator and manufacturer of vinyl plastisols, polyurethanes, specialty coatings and adhesives, as well as recycled rubber products. Dash’s two primary businesses operate from seven strategically located manufacturing facilities throughout the United States and generate over $100 million in revenue annually.

Buy $670M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-10 Petersen Aluminum

Elk Grove Village, Illinois, United States

Petersen Aluminum Corp. is a manufacturer of high-quality metal roofing products. Petersen’s primary business is the manufacture and distribution of architectural metal roof panels, steel and aluminum flat sheets and coils, wall panels, perimeter roof edge systems, and related accessories for commercial, residential, institutional, industrial and agricultural markets. Petersen Aluminum Corp. was founded in 1965 and is based in Elk Grove Village, Illinois.

Buy $197M
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