M&A Deal Summary

TJC Acquires iNRCORE

On February 10, 2020, private equity firm TJC acquired electrical equipment company iNRCORE from Oaktree Capital Management

Acquisition Highlights
  • This is TJC’s 6th transaction in the Electrical Equipment sector.
  • This is TJC’s 62nd transaction in the United States.
  • This is TJC’s 4th transaction in Pennsylvania.

M&A Deal Summary

Date 2020-02-10
Target iNRCORE
Sector Electrical Equipment
Buyer(s) TJC
Sellers(s) Oaktree Capital Management
Deal Type Secondary Buyout

Target

iNRCORE

Bristol, Pennsylvania, United States
iNRCORE designs and manufactures magnetic components that transmit high-speed, mission-critical signals and power in the harshest operating conditions. iNRCORE is based in Bristol, Pennsylvania.

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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 64 of 93
Sector (Electrical Equipment) 6 of 8
Type (Secondary Buyout) 21 of 34
State (Pennsylvania) 4 of 5
Country (United States) 62 of 89
Year (2020) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-27 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.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-28 WesCom Signal and Rescue

Derbyshire, United Kingdom

WesCom Signal and Rescue is a manufacturer and supplier of SOLAS, MED and USCG approved pyrotechnic marine distress signals to the commercial and leisure marine markets. WesCom Signal and Rescue is based in Derbyshire, United Kingdom.

Sell -

Seller(S) 1

DESCRIPTION

Oaktree Capital Management LLP is a global alternative investment firm with a variety of investment strategies spanning corporate debt, convertible securities, distressed debt, control investing, real estate, and public investing. The Firm's control investing group is spread across several disciplines, including Global Principal, European Principal, Power, and Infrastructure. Oaktree was formed in 1995 and is based in Los Angeles.


DEAL STATS #
Overall 64 of 77
Sector (Electrical Equipment) 7 of 8
Type (Secondary Buyout) 19 of 23
State (Pennsylvania) 4 of 4
Country (United States) 47 of 53
Year (2020) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-14 Kamps

Grand Rapids, Michigan, United States

Kamps is specializes in supplying high-quality recycled pallets, new custom pallets, and comprehensive pallet recycling services to diverse supply chains across the nation. Kamps was founded in 1973 and is based in Grand Rapids, Michigan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-11 E360S

Aurora, Ontario, Canada

E360S is an environmental management company providing solutions to municipalities and Industrial, Commercial, and Institutional customers. With operations across ten Canadian cities in Ontario, Alberta, and British Columbia, E360S was founded in 2018 and is based in Aurora, Ontario.

Buy -