M&A Deal Summary

TJC Acquires Spartech

On May 10, 2021, private equity firm TJC acquired plastics company Spartech from Nautic Partners

Acquisition Highlights
  • This is TJC’s 2nd transaction in the Plastics sector.
  • This is TJC’s 70th transaction in the United States.
  • This is TJC’s 4th transaction in Missouri.

M&A Deal Summary
Date 2021-05-10
Target Spartech
Sector Plastics
Buyer(s) TJC
Sellers(s) Nautic Partners
Deal Type Secondary Buyout

Target

Spartech

St. Louis, Missouri, United States
Spartech is a producer of plastic products including polymeric compounds, concentrates, custom extruded sheet and roll stock products, and packaging solutions for a wide spectrum of customers. Spartech was founded in 1960 and is based in St. Louis, Missouri.

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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 72 of 93
Sector (Plastics) 2 of 3
Type (Secondary Buyout) 25 of 34
State (Missouri) 4 of 4
Country (United States) 70 of 89
Year (2021) 3 of 10
PREVIOUS 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.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-23 Dental365

New York, New York, United States

Dental365 is a full-service dental practice offering general dentistry and specialty services. Dental365 provides convenient dentistry for patients, offering everything from emergency extractions to routine exams, including cosmetic restorations and dental implants, all in state-of-the-art, beautiful environments where patient comfort and safety are a top priority. Dental365 was founded in 2014 and is based in New York City.

Buy -

Seller(S) 1

SELLER

Nautic Partners

Providence, Rhode Island, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1986
PE ASSETS 9.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Nautic Partners is a private equity firm focused on middle-market company investments based in the US. Nautic looks to invest $50 to $400 million of equity in businesses valued between $100 million and $1 billion. Nautic's industry focus is business services, manufacturing, healthcare, and communications. Prospective investment structures include buyouts, recapitalizations, consolidations, and growth financings. Nautic prefers majority investment positions. Nautic Partners was formed in 1986 and is based in Providence, Rhode Island.

DEAL STATS #
Overall 42 of 47
Sector (Plastics) 2 of 2
Type (Secondary Buyout) 17 of 20
State (Missouri) 4 of 4
Country (United States) 42 of 46
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-10 Pyramid Healthcare

Duncansville, Pennsylvania, United States

Pyramid Healthcare is a provider of drug/alcohol and mental health treatment for adults and adolescents with 21 treatment facilities throughout Pennsylvania. Pyramid Healthcare is based in Duncansville, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-11 Aurora Plastics

Streetsboro, Ohio, United States

Aurora Plastics produces customized rigid polyvinyl chloride (“RPVC”) compounds for extruding and injection molding customers throughout North America. Aurora provides quality and service through highly automated manufacturing facilities in Ohio and North Carolina. Aurora Plastics was founded in 1997 and is based in Streetsboro, Ohio.

Buy -
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