M&A Deal Summary

TZP Group Acquires America s Thrift Stores

On February 15, 2022, private equity firm TZP Group acquired retailer America s Thrift Stores from Alpine Investors

Acquisition Highlights
  • This is TZP Group’s 2nd transaction in the Retail sector.
  • This is TZP Group’s 37th transaction in the United States.
  • This is TZP Group’s 1st transaction in Alabama.

M&A Deal Summary
Date 2022-02-15
Target America s Thrift Stores
Sector Retail
Buyer(s) TZP Group
Sellers(s) Alpine Investors
Deal Type Recapitalization

Target

America s Thrift Stores

Birmingham, Alabama, United States
America's Thrift Stores is a retailer of new and used merchandise. It purchases new and used merchandise from charities and department stores and resells them to consumers and businesses. America's Thrift Stores was founded in 1984 and is based in Birmingham, Alabama.

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Buyer(S) 1

Buyer

TZP Group

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2007
PE ASSETS 1.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

TZP Group is a private equity firm focused on the business and consumer services sectors. Specific areas of interest include franchising, outsourced business, and IT services, marketing and media services, travel content and distribution, real estate services, specialty finance, and consumer health services. TZP looks to invest $10 to $130 million in for minority or minority positions in profitable companies with at least $10 million in revenue. TZP Group was formed in 2007 and is based in New York City.

DEAL STATS #
Overall 40 of 45
Sector (Retail) 2 of 3
Type (Recapitalization) 3 of 5
State (Alabama) 1 of 1
Country (United States) 37 of 42
Year (2022) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-12 Force Management

Charlotte, North Carolina, United States

Force Management is involved in the sales training industry with an extensive track record of driving successful client outcomes. The Company's services help clients hit their revenue targets predictably and consistently by driving sustained revenue growth through effective sales force management.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-24 Wave Sports + Entertainment

Santa Monica, California, United States

Wave Sports + Entertainment is a world class sports and entertainment company serving modern day fans via content, products, and experiences. We obsess over sports, from the mainstream to more, bringing superfans the coverage, culture, commentary, and community they crave. With over 110 million highlyengaged global followers and a reach of over 500 million sports fans monthly, we’ve tapped into something incredibly powerful in record time.

Buy -

Seller(S) 1

SELLER

Alpine Investors

San Francisco, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2001
PE ASSETS 17.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Alpine Investors is a private investment firm that principally targets small to mid-sized, software and service company acquisitions in the US, Canada, Europe, and Australia. Alpine looks for businesses with cash-flow of $1 to $50 million and will consider both control and non-control positions. Alpine prefers businesses with recurring revenues, identifiable growth opportunities, sustainable margins, and significant barriers to entry. Alpine Investors was established in 2001 and is based in San Francisco, California.

DEAL STATS #
Overall 22 of 24
Sector (Retail) 3 of 3
Type (Recapitalization) 1 of 1
State (Alabama) 1 of 1
Country (United States) 22 of 24
Year (2022) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-14 Wilson

Oxford, Massachusetts, United States

Wilson is an expert in the field of dyslexia and a forerunner in delivering foundational skill instruction for students in K-3 general education classrooms and those beyond elementary grades who struggle to read and spell. The Wilson Reading System (WRS), Fundations, and Just Words programs build a solid foundation for beginning readers and reduce the literacy gap for struggling students, including those with dyslexia. Nearly 300,000 educators have participated in Wilson courses and workshops, and 25,000 have earned WRS Level I Certification. Wilson was formed in 1985 and is based in Oxford, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-14 AirDNA

Denver, Colorado, United States

AirDNA is a provider of global short-term rental (STR) data and predictive analytics software that has tracked the daily performance of 10 million vacation rentals in 120,000 global markets. AirDNA was founded in 2014 and is based in Denver, Colorado.

Buy -
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