M&A Deal Summary

Wheel Pros Acquires TGC Components

On December 1, 2015, Wheel Pros acquired automotive company TGC Components from Timepiece Capital and Gemini Investors

Acquisition Highlights
  • This is Wheel Pros’ 2nd transaction in the Automotive sector.
  • This is Wheel Pros’ 2nd transaction in the United States.
  • This is Wheel Pros’ 1st transaction in Colorado.

M&A Deal Summary
Date 2015-12-01
Target TGC Components
Sector Automotive
Buyer(s) Wheel Pros
Sellers(s) Timepiece Capital
Gemini Investors
Deal Type Add-on Acquisition
Advisor(s) CapitalValue Advisors LLC (Financial)

Target

TGC Components

Grand Junction, Colorado, United States
Colorado Components is a manufacturer and distributor of aftermarket wheels, tires and wheel accessories for the powersports and golf cart markets.

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Buyer(S) 1

Buyer

Wheel Pros

Lakewood, Colorado, United States
Category Company
Founded 1995
Sector Automotive
DESCRIPTION

Wheel Pros is a designer, marketer, and distributor of branded automotive aftermarket wheels, performance tires, and accessories. Wheel Pros was founded in 1995 and is based in Lakewood, Colorado.

DEAL STATS #
Overall 2 of 13
Sector (Automotive) 2 of 13
Type (Add-on Acquisition) 1 of 11
State (Colorado) 1 of 1
Country (United States) 2 of 12
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-05-09 American Racing

Cerritos, California, United States

American Racing Equipment is a producer of lightweight, high performance aftermarket wheels under the American Racing brand (American Racing Vintage, American Racing Pro Series, American Racing Muscle) as well as related brand lines including Twenty Inches Strong, Motegi Racing, Motto, Riax Performance Alloys, and RO-JA Motorsports.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-04 Gorilla Automotive Products

Los Angeles, California, United States

Amcor Industries, Inc. is a designer and distributor of branded automotive aftermarket lug nuts and wheel locks. Amcor Industries was founded in 1983 and is based in Los Angeles, California.

Buy -

Seller(S) 2

SELLER

Timepiece Capital

Scottsdale, Arizona, United States

Investor

Category Private Equity Firm
Founded 2004
Size Small
Type Sector Agnostic
DESCRIPTION

Timepiece Capital is a private investment firm that targets smaller company investments across the niche distribution, manufacturing, and service industries. Timepiece looks for businesses with $5 to $50 million of annual revenue and at least $1.25 million of operating cash flow. Timepiece will not invest in restaurants, real estate opportunities, or companies with a significant degree of technology risk. Timepiece Capital was formed in 2004 and is based in Scottsdale, Arizona.

DEAL STATS #
Overall 5 of 6
Sector (Automotive) 1 of 1
Type (Add-on Acquisition) 3 of 3
State (Colorado) 1 of 1
Country (United States) 5 of 6
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-06 Bag Balm

Lyndonville, Vermont, United States

Bag Balm is a manufacturer of branded over-the-counter moisturizing salve commonly used to treat dry and chapped skin. Bag Balm was founded in 1899 and is based in Lyndonville, Vermont.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-09 Center Rock

Berlin, Pennsylvania, United States

Center Rock is an integrated drilling solutions company that manufactures a complete line of pneumatically-driven downhole drilling products (bits & hammers), distributes capital equipment in the form of high-pressure air and booster compressors that power its manufactured drilling components, and offers 24/7 support services. Center Rock was founded in 1998 and is based in Berlin, Pennsylvania.

Sell -
SELLER

Gemini Investors

Wellesley, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1993
PE ASSETS 650M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Gemini Investors is a middle-market private equity firm that targets investments in growing and established businesses. Areas of interest include technology, business services, consumer services, healthcare, education, manufacturing and distribution. Gemini looks for companies with $5 to $50 million in annual revenue and typically makes investments of $3 to $8 million in the form of preferred stock and/or subordinated debt. Prospective transaction types include growth capital, recapitalization and buyout situations. Gemini Investors was formed in 1993 and is based in Wellesley, Massachusetts.

DEAL STATS #
Overall 28 of 47
Sector (Automotive) 1 of 2
Type (Add-on Acquisition) 10 of 22
State (Colorado) 3 of 4
Country (United States) 28 of 47
Year (2015) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-17 Phillips screw

Amesbury, Massachusetts, United States

Phillips Screw is a manufacturer and distributor of patented fastener commonly used throughout the world across a wide variety of end markets including building products, aerospace, automotive and industrial applications. Phillips screw was founded in 1935 and is based in Amesbury, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-01 Aerospace Contacts

Gilbert, Arizona, United States

Aerospace Contacts specializes in manufacturing MIL-SPEC contacts with modified terminations for the aerospace industry and contact assemblies of custom design. This capability includes making wire wrap, PC tail, crimp or solder cup terminations using state-of-the-art screw machines made by tornos, citizen and tsugami. Aerospace Contacts was founded in 1999 and is based in Gilbert, Arizona.

Buy -
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