M&A Deal Summary

TJM Capital Partners Acquires PCI

On April 16, 2021, private equity firm TJM Capital Partners acquired machinery company PCI from Main Street Capital

Acquisition Highlights
  • This is TJM Capital Partners’ 1st transaction in the Machinery sector.
  • This is TJM Capital Partners’ 2nd transaction in the United States.
  • This is TJM Capital Partners’ 1st transaction in California.

M&A Deal Summary

Date 2021-04-16
Target PCI
Sector Machinery
Buyer(s) TJM Capital Partners
Sellers(s) Main Street Capital
Deal Type Recapitalization
Advisor(s) Meridian Capital (Financial)

Target

PCI

Riverside, California, United States
PCI designs and manufactures ruggedized, on-site liquid and gaseous oxygen and nitrogen generating systems for the global defense and petroleum markets. The Company's portable products provide logistical solutions and replace the need to transport bulky and potentially hazardous cylinders. PCI was formed in 1984 and is based in Riverside, California.

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Buyer(S) 1

DESCRIPTION

TJM Capital Partners is a private equity firm focused on middle-market companies in the energy, agribusiness, senior living, water treatment, and manufacturing sectors. TJM Capital Partners was formed in 2008 and is based in Chicago, Illinois.


DEAL STATS #
Overall 2 of 3
Sector (Machinery) 1 of 1
Type (Recapitalization) 1 of 1
State (California) 1 of 1
Country (United States) 2 of 3
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-01 Poblocki

Milwaukee, Wisconsin, United States

Poblocki is a manufacturer of exterior and interior architectural signage, specialty displays and custom fabricated projects. Poblocki was founded in 1932 and is based in Milwaukee, Wisconsin.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-22 InCompass

Maple Grove, Minnesota, United States

InCompass provides customers with the time-saving solutions and industry expertise they need to grow their business by bringing together industrial manufacturers offering innovative products and systems. The Company's brands include Timesavers, Dubois Equipment Company, Randbright, Bourn & Koch, Mollart Machinery, Clausing Industrial, Pratt Burnerd, and UK-based Colchester Machine Tool Solutions. InCompass is based in Maple Grove, Minnesota.

Buy -

Seller(S) 1

SELLER

Main Street Capital

Houston, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Main Street Capital Holdings is a public investment firm that invests in mid-market companies to support ownership transitions, recapitalizations, strategic acquisitions, business expansion and other growth initiatives. Main Street looks for businesses opearting in basic industries with positive cash-flow and and defensible competitive advantages. Main Street generally invests $5 to $75 million in companies with $10 to $150 million of revenue and EBITDA of $3 to $20 million. Investments are usually in the form of term debt and/or direct equity. Main Street Capital Corporation was formed in 1997 and is based in Houston, Texas.


DEAL STATS #
Overall 42 of 45
Sector (Machinery) 4 of 4
Type (Recapitalization) 3 of 3
State (California) 3 of 3
Country (United States) 42 of 45
Year (2021) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-07 Grand Flower Growers

Wayland, Michigan, United States

Grand Flower Growers is a grower and distributor of a variety of plants and flowers, including annuals, mums, poinsettias, perennials, and various other floral arrangements. Grand Flower Growers was founded in 1999 and is based in Wayland, Michigan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-04 Orttech

Solon, Ohio, United States

Orttech is an exclusive distributor of Ortlinghaus torque control products in United States, Canada, and Mexico. Serving a diverse global customer base across the metal forming, marine, winch, and agriculture industries, Ortlinghaus is a designer and manufacturer of clutches, brakes, and plates for drive applications. Orttech was founded in 1977 and is based in Solon, Ohio.

Buy -