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Buyout (LBO, MBO, MBI) • Distribution

TJC Acquires Parts Authority

On June 1, 2016, private equity firm TJC acquired distribution company Parts Authority

Acquisition Context
  • This is TJC’s 2nd transaction in the Distribution sector.
  • This is TJC’s 42nd transaction in the United States.
  • This is TJC’s 2nd transaction in New York.
Investment Fate
  • Parts Authority was sold to a consortium of financial buyers in 2020.

Explore All 832 Buyout (LBO, MBO, MBI) Distribution Deals - Search the Database Free


M&A Deal Summary
Date June 1, 2016
Target Parts Authority
Sector Distribution
Buyer(s) TJC
Deal Type Buyout (LBO, MBO, MBI)

Target Company

Parts Authority

New Hyde Park, New York, United States
Parts Authority is an automotive aftermarket replacement parts distribution platform serving the do-it-for-me and do-it yourself e-commerce channels of the automotive aftermarket. Parts Authority was founded in 1972 and is headquartered in New Hyde Park, New York.
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Buyer Overview 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 Context for Buyer #
Overall 44 of 96
Sector: Distribution 2 of 3
Type: Buyout (LBO, MBO, MBI) 26 of 32
State: New York 2 of 4
Country: United States 42 of 92
Year: 2016 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-05 Dimora Brands

Somerville, New Jersey, United States

Dimora Brands is a designer, distributor, and manufacturer of decorative hardware, functional hardware, and other products for the kitchen and bath industries. Dimora Brands was founded in 1994 and is headquartered in Somerville, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-15 Sensus Metering Systems

Raleigh, North Carolina, United States

Sensus Metering Systems Ltd. is a provider of advanced metering and related communications systems to the worldwide utility industry and has over a century of experience in designing and manufacturing metering products.

Sell $1.7B

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