M&A Deal Summary

TJC Acquires Innoflight

On March 24, 2021, private equity firm TJC acquired defense company Innoflight

Acquisition Highlights
  • This is TJC’s 2nd transaction in the Defense sector.
  • This is TJC’s 69th transaction in the United States.
  • This is TJC’s 6th transaction in California.

M&A Deal Summary
Date 2021-03-24
Target Innoflight
Sector Defense
Buyer(s) TJC
Deal Type Buyout (LBO, MBO, MBI)

Target

Innoflight

San Diego, California, United States
Innoflight is a defense contractor that offers software-defined compact/ground radios, cryptographic and cyber secure systems and processing, networking and data storage avionics. Innoflight's competency is secure Command, Control, Communications and Computers (C4) systems designed through innovative implementation of modern Commercial Off-The-Shelf (COTS) technology. The result is modular, high performance, yet low Size Weight and Power (SWaP) systems at competitive prices. Innoflight was founded in 2004 and is based in San Diego, California.

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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 71 of 93
Sector (Defense) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 30 of 32
State (California) 6 of 8
Country (United States) 69 of 89
Year (2021) 2 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-17 AIT Worldwide Logistics

Itasca, Illinois, United States

AIT Worldwide Logistics is a global freight forwarder that helps its customers grow by expanding access to markets all over the world where they can sell and/or procure raw materials, components, and finished goods. AIT Worldwide Logistics was founded in 1979 and is based in Itasca, Illinois.

Buy $1.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-13 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.

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