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M&A Deal Summary

TJC Acquires Insulation Technology Group

On July 2, 2024, private equity firm TJC acquired electrical equipment company Insulation Technology Group from PHI Industrial

Acquisition Highlights
  • This is TJC’s 8th transaction in the Electrical Equipment sector.
  • This is TJC’s 1st transaction in Germany.

M&A Deal Summary
Date 2024-07-02
Target Insulation Technology Group
Sector Electrical Equipment
Buyer(s) TJC
Sellers(s) PHI Industrial
Deal Type Secondary Buyout
Advisor(s) Harris Williams (Financial)

Target

Insulation Technology Group

Frankfurt, Germany
Insulation Technology Group is a provider of electrical insulation solutions for the global utility market. Insulation Technology Group is a manufacturer of high and ultra-high voltage porcelain insulators for mission-critical applications within electrical substations, overhead transmissions, and distribution infrastructure. Insulation Technology Group is based in Frankfurt, Germany.

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Buyer(S) 1

Buyer

TJC

New York, New York, United States

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 92 of 93
Sector (Electrical Equipment) 8 of 8
Type (Secondary Buyout) 33 of 34
Country (Germany) 1 of 1
Year (2024) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-04 PSC Group

Baton Rouge, Louisiana, United States

PSC Group is a provider of product handling and site logistics services for the petrochemical, refining, midstream, and marine transportation end market. PSC Group was founded in 1952 and is based in Baton Rouge, Louisiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-05 Usalco

Baltimore, Maryland, United States

Usalco is a provider of high-quality aluminum chemicals used in water and wastewater treatment, refinery catalysts, and other industrial end-market applications. Usalco was founded in 1980 and is based in Baltimore, Maryland.

Buy -

Seller(S) 1

SELLER

PHI Industrial

Category Private Equity Firm
Founded 2006
Size Small
Type Sector Agnostic
DESCRIPTION

PHI Industrial is a generalist private investment firm focused on acquiring non-core divestitures or family-owned companies facing succession issues. PHI will consider opportunities across Europe generating revenues of €20 to €250 million. PHI Industrial was formed in 2006 and has offices in Barcelona and Madrid.

DEAL STATS #
Overall 4 of 4
Sector (Electrical Equipment) 1 of 1
Type (Secondary Buyout) 2 of 2
Country (Germany) 2 of 2
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-29 Compania del Tropico

Barcelona, Spain

Compania del Tropico is a multi-brand coffee-shop and fast casual dining operator. Compania del Tropico is a network of fully owned premises in the growing and fragmented Spanish food-service market. Compania del Tropico is based in Barcelona, Spain.

Buy -
Mergr

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