M&A Deal Summary

TJC Acquires TIDI

On January 2, 2024, private equity firm TJC acquired medical products company TIDI from RoundTable Healthcare Management

Acquisition Highlights
  • This is TJC’s 5th transaction in the Medical Products sector.
  • This is TJC’s 87th transaction in the United States.
  • This is TJC’s 1st transaction in Wisconsin.

M&A Deal Summary

Date 2024-01-02
Target TIDI
Sector Medical Products
Buyer(s) TJC
Sellers(s) RoundTable Healthcare Management
Deal Type Secondary Buyout
Advisor(s) Moelis & Co.
Solomon Partners (Financial)
Sidley (Legal)

Target

TIDI

Neenah, Wisconsin, United States
TIDI is a manufacturer, marketer, and distributor of a diversified portfolio of medical products focused on supporting caregivers and protecting patients. Based in Neenah, WI, the Company's broad product set is designed to help customers prevent "Never Events" (medical errors that should never occur), reduce costs, increase efficiencies, and drive better patient outcomes. TIDI Products was founded in 1969 and is based in Neenah, Wisconsin.

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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 90 of 93
Sector (Medical Products) 5 of 5
Type (Secondary Buyout) 32 of 34
State (Wisconsin) 1 of 1
Country (United States) 87 of 89
Year (2024) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-27 Global Transport Solutions

Rozenburg, Netherlands

Global Transport Solutions is a provider of comprehensive supply chain and forwarding solutions to the maritime industry and other time-critical verticals. Global Transport Solutions is based in Rozenburg, Netherlands.

Buy -
FOLLOWING 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 -

Seller(S) 1

SELLER

RoundTable Healthcare Management

Lake Forest, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 2.9B USD
Size Large
Type Sector Focused
DESCRIPTION

RoundTable Healthcare Partners is a specialist private equity firm that targets equity and junior capital investments in the healthcare industry. Specific areas of interest include medical devices, medical products and disposables, specialty pharmaceuticals, medication delivery systems, specialty distribution, and outsourced healthcare services. RoundTable typically makes equity investments of approximately $5 to $50 million in platform companies with revenues ranging from $25 to $300 million. RoundTable will not invest in service-oriented provider segments (such as managed care companies, hospitals or nursing homes), internet or biotechnology companies, or start-up/venture situations. RoundTable was formed in 2001 and is based in Lake Forest, Illinois.


DEAL STATS #
Overall 22 of 22
Sector (Medical Products) 13 of 13
Type (Secondary Buyout) 7 of 7
State (Wisconsin) 2 of 2
Country (United States) 21 of 21
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-27 Symmetry Surgical

Nashville, Tennessee, United States

Symmetry Surgical is a developer of high-quality surgical instruments that respond to clinicians’ needs as they arise, making a real difference in the lives of patients. Symmetry Surgical was founded in 1976 and is based in Nashville, Tennessee.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-04 EHOB

Indianapolis, Indiana, United States

EHOB specializes in pressure injury prevention and patient positioning solutions. EHOB was founded in 1985 and is based in Indianapolis, Indiana.

Buy -