M&A Deal Summary |
|
|---|---|
| Date | 2024-08-05 |
| Target | Usalco |
| Sector | Chemicals |
| Buyer(s) | TJC |
| Sellers(s) | H.I.G. Private Equity |
| Deal Type | Secondary Buyout |
| Advisor(s) | BofA Securities Citigroup Investment Banking (Financial) King & Spalding (Legal) |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1982 |
| PE ASSETS | 14.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
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 | 93 of 93 |
| Sector (Chemicals) | 8 of 8 |
| Type (Secondary Buyout) | 34 of 34 |
| State (Maryland) | 1 of 1 |
| Country (United States) | 89 of 89 |
| Year (2024) | 4 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-07-02 |
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. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1993 |
| PE ASSETS | 65.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
HIG Private Equity is the private equity arm of HIG Capital LLC. The firm focuses on management buyouts, growth equity investments, and recapitalizations of middle market companies with an enterprise value of $50 - $1000 million. The Firm also will consider add-on acquisitions, industry consolidations, going-privates, and corporate divestitures. Sectors of interest include aerospace, building materials, business services, consumer products, distribution, healthcare, infrastructure, contracting, manufacturing, media, oil & gas services, IT, and transportation. HIG was formed in 1993 and has offices in Miami, Atlanta, Boston, and San Francisco. HIG's European affiliate is HIG Europe with offices in London, Hamburg, and Paris.
| DEAL STATS | # |
|---|---|
| Overall | 173 of 175 |
| Sector (Chemicals) | 10 of 10 |
| Type (Secondary Buyout) | 70 of 71 |
| State (Maryland) | 2 of 2 |
| Country (United States) | 119 of 120 |
| Year (2024) | 8 of 10 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-07-25 |
Ascension Property Services
Memphis, Tennessee, United States Ascension Property Services provides coatings, HVAC maintenance, and installation, electric, and plumbing. Ascension Property Services was founded in 2019 and is based in Memphis, Tennessee. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-09-03 |
Action Elevator
Millersville, Maryland, United States Action Elevator is a regional independent elevator services company serving building owners and property managers throughout the Mid-Atlantic region. The Company offers maintenance, repair, and modernization services critical to the operational safety and uptime across the elevator lifecycle. Action Elevator was founded in 2012 and is based in Millersville, Maryland. |
Buy | - |
