M&A Deal Summary

TJC Acquires CPI

On April 19, 2022, private equity firm TJC acquired electrical equipment company CPI from CPI

Acquisition Highlights
  • This is TJC’s 7th transaction in the Electrical Equipment sector.
  • This is TJC’s 80th transaction in the United States.
  • This is TJC’s 7th transaction in Texas.

M&A Deal Summary

Date 2022-04-19
Target CPI
Sector Electrical Equipment
Buyer(s) TJC
Sellers(s) CPI
Deal Type Divestiture
Advisor(s) Goldman Sachs
Harris Williams & Co. (Financial)
Latham & Watkins (Legal)

Target

CPI

Plano, Texas, United States
CPI is a designer and manufacturer of electronic components, subsystems and antenna systems for the communications, government, medical and scientific markets. CPI provides technology solutions used in the generation, transmission and reception of signals used in both commercial (broadband internet, in‐flight connectivity) and government (earth observation, satellite communications) applications. CPI was founded in 1995 and is based in Plano, Texas.

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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 82 of 93
Sector (Electrical Equipment) 7 of 8
Type (Divestiture) 7 of 9
State (Texas) 7 of 7
Country (United States) 80 of 89
Year (2022) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-13 Precisional

Lisle, Illinois, United States

Precisional is a global platform focused on precision measurement and software/data solutions to drive efficiencies in the most demanding infrastructure end markets. The Precisional family of companies is comprised of differentiated industrial hardware, instrumentation, and software/services businesses used to improve productivity in applications that rely upon accuracy and reliability in the measurement of time, weight, distance, or other critical parameters. Precisional is based in Lisle, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-04 Growthloop

San Francisco, California, United States

GrowthLoop is a no code data activation platform for enterprise, powering growth at a diverse range of innovative companies across a variety of end markets. GrowthLoop’s platform enables customers to activate first-party customer data from within their data warehouses directly into any marketing, sales and customer service destinations to improve customer experiences and enhance marketing spend. Growthloop is based in San Francisco, California.

Buy -

Seller(S) 1

SELLER

CPI

Santa Rosa, California, United States

Category Company
Founded 1986
Sector Test/Measurement Equipment
DESCRIPTION

CPI is a direct marketer, designer and manufacturer of innovative OEM and end-user solutions in analytical science and technology. The company manufactures a range of technical analytical instrument components, high-purity standard solutions and reagents and other analytical testing products for the environmental, petrochemical, pharmaceutical, biotechnology and semiconductor industries. CPI’s worldwide customers include IBM, Intel, Pfizer, Merck, Bayer, US Filter, Safety Kleen, Chevron, Ashland Chemical, Dupont and BASF as well as numerous federal, state, academic and private laboratories. Direct sales and marketing are conducted worldwide, from offices in the United States, Canada, Europe and Japan.


DEAL STATS #
Overall 1 of 1
Sector (Electrical Equipment) 1 of 1
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-30 Codan Satcom

Boalsburg, Pennsylvania, United States

Codan Satcom is a prominent supplier of solid-state RF subsystems for satellite communications services to commercial and government end users. Codan Satcom has operations in Newton, South Australia and Boalsburg, Pennsylvania.

Buy $9M