M&A Deal Summary

TJC Acquires Echo

On September 10, 2021, private equity firm TJC acquired transportation company Echo for 1.3B USD

Acquisition Highlights
  • This is TJC’s 8th transaction in the Transportation sector.
  • This is TJC’s 2nd largest (disclosed) transaction.
  • This is TJC’s 74th transaction in the United States.
  • This is TJC’s 8th transaction in Illinois.

M&A Deal Summary
Date 2021-09-10
Target Echo
Sector Transportation
Buyer(s) TJC
Deal Type Going Private
Deal Value 1.3B USD
Advisor(s) Morgan Stanley (Financial)
Winston & Strawn (Legal)

Target

Echo

Chicago, Illinois, United States
Echo is a provider of technology-enabled transportation and supply chain management services. Echo maintains a proprietary, web-based technology platform that compiles and analyzes data from its network of over 50,000 transportation providers to serve 35,000 clients across a wide range of industries and simplify the critical tasks involved in transportation management. Echo was founded in 2005 and is based in Chicago, Illinois.

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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 76 of 93
Sector (Transportation) 8 of 10
Type (Going Private) 2 of 2
State (Illinois) 8 of 10
Country (United States) 74 of 89
Year (2021) 7 of 10
Size (of disclosed) 2 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-16 Arclin

Alpharetta, Georgia, United States

Arclin is a manufacturer and formulator of proprietary surface overlays and specialty resins primarily for the residential building products market, as well as industrial, furniture, and non-residential construction markets. The Company serves high-growth applications, which are expected to continue benefiting significantly from positive trends in the market. It's IP-protected, proprietary products and assets drive key performance characteristics, and the Company maintains long-term relationships with its blue-chip customers and suppliers. Arclin was founded in 1992 and is based in Alpharetta, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-22 Sunny Sky Products

Houston, Texas, United States

Sunny Sky Products is an integrated manufacturer and distributor of beverage concentrates and related products that are offered for sale at foodservice venues, including convenience stores, restaurants, and institutions. Sunny Sky Products was founded in 2002 and is based in Houston, Texas.

Buy -
Mergr

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Company

Legal