M&A Deal Summary

TJC Acquires Precisional

On April 13, 2022, private equity firm TJC acquired test/measurement equipment company Precisional

Acquisition Highlights
  • This is TJC’s 2nd transaction in the Test/Measurement Equipment sector.
  • This is TJC’s 79th transaction in the United States.
  • This is TJC’s 9th transaction in Illinois.

M&A Deal Summary
Date 2022-04-13
Target Precisional
Sector Test/Measurement Equipment
Buyer(s) TJC
Deal Type Consolidation

Target

Precisional

Lisle, Illinois, United States
Precisional is a global platform focused on precision measurement and software/data solutions to drive efficiencies in the most demanding infrastructure end markets. The Precisional family of companies is comprised of differentiated industrial hardware, instrumentation, and software/services businesses used to improve productivity in applications that rely upon accuracy and reliability in the measurement of time, weight, distance, or other critical parameters. Precisional is based in Lisle, 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 81 of 93
Sector (Test/Measurement Equipment) 2 of 2
Type (Consolidation) 2 of 2
State (Illinois) 9 of 10
Country (United States) 79 of 89
Year (2022) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-30 Five Star Management

Houston, Texas, United States

Five Star Management is an integrated group of manufacturing companies focused on flexible packaging, printed films, bag making, post-consumer resins, and sustainability solutions. The Five Star Companies are vertically integrated across multiple facilities that encompass extrusion, printing, converting, and recycling operations, including StarPak combines edge printing and extrusion capabilities to produce technical films, bags, and pouches for consumer-packaged goods and industrial products companies. Polytex provides innovative laminated woven sacks, quad seal bags, pouches, and other flexible structures for various consumer markets, including pet foods and treats. Superbag is a manufacturer and converter of environmentally focused retail carry-out, grocery bags, t-shirt sacks, and extruded films. Fresh-Pak is a state-of-the-art recycling operation that manufactures extruded products from and provides toll processing of, post-consumer (PCR) and industrial recycled resins. and Jumbo Bag provides bulk container bags that are custom designed to meet demanding customer applications. Five Star Management is based in Houston, Texas.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-19 CPI

Plano, Texas, United States

CPI is a designer and manufacturer of electronic components, subsystems and antenna systems for the communications, government, medical and scientific markets. CPI provides technology solutions used in the generation, transmission and reception of signals used in both commercial (broadband internet, in‐flight connectivity) and government (earth observation, satellite communications) applications. CPI was founded in 1995 and is based in Plano, Texas.

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