M&A Deal Summary

Transom Capital Group Acquires Virginia Tile

On June 25, 2024, private equity firm Transom Capital Group acquired distribution company Virginia Tile from Harren Equity Partners

Acquisition Highlights
  • This is Transom Capital Group’s 3rd transaction in the Distribution sector.
  • This is Transom Capital Group’s 25th transaction in the United States.
  • This is Transom Capital Group’s 1st transaction in Michigan.

M&A Deal Summary

Date 2024-06-25
Target Virginia Tile
Sector Distribution
Buyer(s) Transom Capital Group
Sellers(s) Harren Equity Partners
Deal Type Secondary Buyout
Advisor(s) Houlihan Lokey (Financial)

Target

Virginia Tile

Sterling Heights, Michigan, United States
Virginia Tile is an independent distributor of ceramic, porcelain, and natural stone tile in the Great Lakes region of the United States. Virginia Tile was founded in 1928 and is based in Sterling Heights, Michigan.

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Buyer(S) 1

Buyer

Transom Capital Group

El Segundo, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2008
PE ASSETS 600M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Transom Capital Group is an operationally-focused private equity firm that seeks buyouts and control investments in middle-market companies with established revenue streams and business models. Transom is sector agnostic and will consider opportunities throughout North America. Target companies typically have cash-flows up to $100 million. Transom Capital Partners was formed in 2008 and is based in Los Angeles, California.


DEAL STATS #
Overall 26 of 26
Sector (Distribution) 3 of 3
Type (Secondary Buyout) 9 of 9
State (Michigan) 1 of 1
Country (United States) 25 of 25
Year (2024) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-06 Aspen Publishing

Boston, Massachusetts, United States

Aspen Publishing is a provider of educational content and digital learning solutions to law schools and undergraduate institutions in the U.S. and around the world. Aspen provides premium learning solutions for legal education through its casebooks, study aids, and supplements which are written by leading deans and professors. Aspen Publishing is based in Boston, Massachusetts.

Sell -

Seller(S) 1

SELLER

Harren Equity Partners

Charlottesville, Virginia, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 450M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Harren Equity Partners LLC is an East Coast US-based private equity firm focused on mid-sized acquisitions, recapitalizations and growth capital financings. Harren is a generalist firm and will consider companies in a broad range of industries, including aerospace/defense, automotive, business services, building materials, energy services, furniture, industrial machinery, medical products, natural resources, healthcare services, restaurants, retail, and recycling. Prospective companies typically have sales of $30 to $300 million, EBITDA of $7 to $30 million, and are located in North America. Harren prefers businesses with defensible markets positions, proven management, and strong growth potential. Harren Equity Partners LLC was formed in 2000 and is based in Charlottesville, Virginia.


DEAL STATS #
Overall 23 of 23
Sector (Distribution) 1 of 1
Type (Secondary Buyout) 9 of 9
State (Michigan) 1 of 1
Country (United States) 23 of 23
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-07 Velosio

Dublin, Ohio, United States

Velosio delivers fresh ideas and unmatched know-how for cloud, ERP, CRM, business intelligence, office automation, and other business solutions. Velosio was founded in 1991 and is based in Dublin, Ohio.

Sell -