M&A Deal Summary

TSG Consumer Partners Acquires JHCC

On August 22, 2019, private equity firm TSG Consumer Partners acquired automotive company JHCC from Carousel Capital

Acquisition Highlights
  • This is TSG Consumer Partners’ 2nd transaction in the Automotive sector.
  • This is TSG Consumer Partners’ 42nd transaction in the United States.
  • This is TSG Consumer Partners’ 1st transaction in Alabama.

M&A Deal Summary
Date 2019-08-22
Target JHCC
Sector Automotive
Buyer(s) TSG Consumer Partners
Sellers(s) Carousel Capital
Deal Type Secondary Buyout
Advisor(s) Harris Williams (Financial)
K&L Gates (Legal)

Target

JHCC

Pike Road, Alabama, United States
JHCC provides auto body collision repair services. JHCC offers customers free and accurate computerized estimates, along with quality, guaranteed repair work utilizing I-CAR certified technicians. JHCC delivers its services while providing real-time information through its repair tracking system, enabling customers to monitor the status of their repairs. JHCC was founded in 1989 and is based in Pike Road, Alabama.

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Buyer(S) 1

Buyer

TSG Consumer Partners

Stamford, Connecticut, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1987
PE ASSETS 9.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

TSG Consumer Partners (formerly known as The Shansby Group) is a specialist private equity firm focused on acquiring and building mid-sized, branded consumer companies. TSG invests in private and publicly traded companies, and will consider both majority and minority equity positions. Specific sectors of interest include apparel, beauty, e-commerce, personal care, retail, food/beverages, restaurants, health/wellness, household products, and pet care. TSG looks for companies with sales between $20 million and $1.5 billion and can invest commit up to $500 million per transaction. TSG Consumer Partners was formed in 1987 and is based in San Francisco, California.

DEAL STATS #
Overall 46 of 56
Sector (Automotive) 2 of 5
Type (Secondary Buyout) 5 of 11
State (Alabama) 1 of 1
Country (United States) 42 of 51
Year (2019) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-07 Revolve

Cerritos, California, United States

Revolve is the next-generation fashion retailer for Millennial and Generation Z consumers. A premium lifestyle brand, and a go-to online source for discovery and inspiration, delivers an engaging customer experience from a vast yet curated offering of apparel, footwear, accessories, and beauty styles. Revolve was founded in 2003 and is headquartered in Cerritos, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-10 Prive Revaux

Miami, Florida, United States

Privé Revaux Eyewear was established to disrupt the eyewear market as a purveyor of quality goods at a great value. It was built on a shared passion for style and quality from serial entrepreneur David Schottenstein along with an elite team including celebrity visionaries Jamie Foxx, Hailee Steinfeld and Ashley Benson as well as VP of Celebrity Relations Dave Osokow and Creative Directors Rob Zangardi and Mariel Haenn. With more than 100 hand-crafted and polarized designer frames for $29.95, everyone can be anyone. Each style is named to evoke a personality, from The Artist and The Socialite to The Boss and The Godfather.

Sell -

Seller(S) 1

SELLER

Carousel Capital

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1996
PE ASSETS 1.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Carousel Capital is a private investment group that invests in companies headquartered in the Southeast US. The Firm targets leveraged buyouts and recapitalizations of businesses in consumer products/services, business services, and healthcare services. Carousel will consider both the majority and minority situations. Prospective companies are generally valued up to $250 million and have at least $3 million of EBITDA. Carousel Capital was formed in 1996 and is based in Charlotte, North Carolina.

DEAL STATS #
Overall 16 of 20
Sector (Automotive) 3 of 3
Type (Secondary Buyout) 10 of 13
State (Alabama) 4 of 4
Country (United States) 16 of 20
Year (2019) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-18 Armstrong Transport Group

Charlotte, North Carolina, United States

Armstrong Transport Group is a non-asset based, third-party logistics platform focused on providing customer service and logistics solutions. Armstrong Transport Group was founded in 2016 and is based in Charlotte, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-26 Pye-Barker Fire & Safety

Alpharetta, Georgia, United States

Pye-Barker Fire & Safety is a provider of route-based fire protection services, including monitoring, inspection, maintenance and repair of fire detection and suppression products. Pye-Barker Fire & Safety was formed in1946 and is based in Alpharetta, Georgia.

Sell -
Mergr

Product

Company

Legal