TJC Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, TJC has acquired 5 companies. It has also invested in 2 others.

TJC’s most common sectors for investment aremanufacturing (12%) and transportation (10%) . The Firm’s most common investment types include buyout (lbo, mbo, mbi) (37%) and secondary buyout (35%). In total, TJC has invested in 26 US states and 3 different countries. Its largest (disclosed) acquisition occurred in 2023 when it acquired Delrin for $1.8B.

In the last 3 years, TJC has exited 2 companies. The Firm’s most common exit type is secondary buyout (46%). TJC’s largest (disclosed) exit occurred in 2012 when it sold Cebridge Connections Holdings for $6.6B.

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M&A Summary

  • M&A Total Activity143
    • M&A Buy Activity86
    • M&A Sell Activity57
  • Total Sectors Invested 32
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 49
  • M&A Advisors 17

TJC

TJC, L.P.

399 Park Avenue, 30th Floor,
New York, New York 10022
United States
(212) 572-0800
www.tjclp.com

TJC is a private investment firm that specializes in acquiring North American middle-market businesses operating in basic industries. TJC specifically looks to provide liquidity for shareholders, raise capital for corporate growth and 'create significant equity opportunities for key management'. TJC will consider opportunities valued from $100 million to $2 billion in a wide variety of industries. Sectors of interest include aerospace/defense, automotive, building products, chemicals, consumer products, distribution, energy, financial services, healthcare, industrial products, insurance, metals, packaging, retail, transportation/logistics, and telecom. TJC was formerly known as The Jordan Company. The Firm was formed in 1982 and is based in New York City.


Investment Criteria

Sectors of Interest: Aerospace, Apparel/Textiles, Automotive, Building Materials, Business Services, Chemicals, Communications, Consumer Products, Consumer Services, Defense, Distribution, Education, Electrical Equipment, Energy Services and Equipment, Engineering, Financial Services, Food, Franchising, Furniture, Healthcare Services, Insurance, Leisure, Life Science, Machinery, Manufacturing, Marine, Medical Products, Metals/Mining, Packaging, Retail, Safety/Security, Test/Measurement Equipment, Transportation

Target Transaction Types: Buyout (LBO, MBO, MBI), Divestiture, Growth Capital, Recapitalization

Geographic Preferences: East US, Midwest US, South US, West US, Canada

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA - -
Investment Size - -
Enterprise Value 100 2,000
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '20 '21 '22 '23 '24 '25 T
Buy (3.4/yr) # 69 10 6 1 - - 86
vol $3.8B $2.5B $1.8B $8.1B
Sell (1.0/yr) # 52 3 1 1 - - 57
vol $16.1B $16.1B
  143

Most Recent M&A

Company Date Value Type
Delrin 2023-08-21 1.8B USD Divestiture
Midland, Michigan · www.delrin.com
Worldwide Clinical Trials, Inc. 2023-08-07 - Secondary Buyout
King of Prussia, Pennsylvania · www.worldwide.com
The Industrial Service Group 2022-12-07 - Secondary Buyout
Indianapolis, Indiana · www.isgservice.com
Ned Stevens Gutter Cleaning & General Contracting, Inc. 2022-11-01 - Secondary Buyout
Fairfield, New Jersey · www.nedstevens.com
Watchfire Technologies, Inc. 2022-07-26 - Secondary Buyout
Danville, Illinois · www.watchfiresigns.com
Flywheel Software LLC 2022-05-04 - Growth Capital
San Francisco, California · www.growthloop.com
Communications & Power Industries, Inc. 2022-04-19 - Divestiture
Palo Alto, California · www.cpii.com
Precisional LLC 2022-04-13 - Consolidation
Lisle, Illinois · www.precisional.com
Five Star Holding Corp. 2022-03-30 - Growth Capital
Houston, Texas
Camco Manufacturing, LLC 2021-12-15 - Stake Purchase
Greensboro, North Carolina · www.camco.net
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Sunny Sky Products LLC 2021-09-22 GoodWest Industries, Inc. 2022-10-13 1
Houston, Texas · www.sunnyskyproducts.com Douglassville, Pennsylvania · www.goodwest.com
Precisional LLC 2022-04-13 Seco Manufacturing 2022-04-13 4
Lisle, Illinois · www.precisional.com Redding, California · www.surveying.com
Precisional LLC 2022-04-13 Protempis LLC 2022-04-13 3
Lisle, Illinois · www.precisional.com , United States · www.protempis.com
Precisional LLC 2022-04-13 Loadrite 2022-04-13 2
Lisle, Illinois · www.precisional.com , United States
Precisional LLC 2022-04-13 Spectra Lasers 2022-04-13 1
Lisle, Illinois · www.precisional.com Dayton, Ohio · www.spectralasers.com
AIT Worldwide Logistics, Inc. 2021-03-17 Select Express & Logistics LLC 2021-11-17 2
Itasca, Illinois · www.aitworldwide.com New York, New York · www.selectexp.com
ARCH Global Precision LLC 2019-04-01 Align Precision Corp. 2021-04-19 1
Livonia, Michigan · www.archglobalprecision.com Tempe, Arizona · www.alignprecision.com
iNRCORE LLC 2020-02-10 Gowanda Components Group 2020-12-31 2
Bristol, Pennsylvania · www.inrcore.com Gowanda, New York · www.gowandacomponentsgroup.com
ARCH Global Precision LLC 2019-04-01 Cling’s Aerospace LLC 2020-07-20 8
Livonia, Michigan · www.archglobalprecision.com Tempe, Arizona · www.clingsaz.com
Syndigo LLC 2018-10-25 Kwikee Products Co. LLC 2020-04-27 9
Chicago, Illinois · www.syndigo.com Peoria, Illinois · www.kwikee.com

M&A by Sector

Sector Current # Value All-time # Value
Manufacturing 3 (8%) 1.4B (22%) 10 (12%) 1.4B (17%)
Transportation 3 (8%) 2.5B (39%) 8 (9%) 3.0B (37%)
Electrical Equipment 4 (10%) 600M (9%) 7 (8%) 600M (7%)
Chemicals 2 (5%) - 7 (8%) -
Automotive 1 (3%) - 5 (6%) -
Information Technology 4 (10%) - 4 (5%) -
Medical Products 2 (5%) - 4 (5%) -
Plastics 2 (5%) 1.8B (28%) 3 (3%) 1.8B (22%)
Distribution 1 (3%) - 3 (3%) -
Healthcare Services 1 (3%) - 3 (3%) -
Packaging 2 (5%) - 3 (3%) -
Test/Measurement Equipment 1 (3%) - 2 (2%) 650M (8%)
Defense 2 (5%) 99M (2%) 2 (2%) 99M (1%)
Building Materials - - 2 (2%) -
Business Services 1 (3%) - 2 (2%) -
Consumer Products 2 (5%) - 2 (2%) -
Energy Services and Equipment - - 2 (2%) -
Internet Software and Services 2 (5%) - 2 (2%) -
Life Science 1 (3%) - 2 (2%) -
Aerospace - - 1 (1%) 550M (7%)
Apparel/Textiles - - 1 (1%) -
Beverages 1 (3%) - 1 (1%) -
Communications - - 1 (1%) -
Consumer Services 1 (3%) - 1 (1%) -
Electronics 1 (3%) - 1 (1%) -
Infrastructure - - 1 (1%) -
Insurance - - 1 (1%) -
Machinery - - 1 (1%) -
Marketing 1 (3%) - 1 (1%) -
Oil/Gas Exploration - - 1 (1%) -
Restaurants 1 (3%) - 1 (1%) -
Retail - - 1 (1%) -
Total 39 $6.4B 86 $8.1B

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 39 (100%) 6.4B (100%) 84 (98%) 8.1B (100%)
  Illinois 5 (13%) 2.5B (39%) 9 (10%) 2.5B (31%)
  California 5 (13%) - 9 (10%) -
  North Carolina 4 (10%) - 6 (7%) 650M (8%)
  Texas 2 (5%) - 6 (7%) -
  Ohio 1 (3%) - 6 (7%) 550M (7%)
  Georgia 3 (8%) - 5 (6%) -
  Pennsylvania 2 (5%) 650M (10%) 5 (6%) 650M (8%)
  Michigan 3 (8%) 1.8B (28%) 4 (5%) 1.8B (22%)
  New York 2 (5%) 600M (9%) 4 (5%) 600M (7%)
  Florida 2 (5%) - 4 (5%) -
  Missouri 2 (5%) - 4 (5%) -
  Connecticut 1 (3%) - 3 (3%) -
  New Jersey 1 (3%) - 3 (3%) -
  Arizona 1 (3%) - 2 (2%) -
  Indiana 1 (3%) - 2 (2%) -
  Louisiana - - 2 (2%) 500M (6%)
  Oklahoma 1 (3%) 750M (12%) 1 (1%) 750M (9%)
  Virginia 1 (3%) 99M (2%) 1 (1%) 99M (1%)
  Tennessee 1 (3%) - 1 (1%) -
  Oregon 1 (3%) - 1 (1%) -
  Colorado - - 1 (1%) -
  Washington - - 1 (1%) -
  Mississippi - - 1 (1%) -
  Massachusetts - - 1 (1%) -
  Kentucky - - 1 (1%) -
  Kansas - - 1 (1%) -
China - - 1 (1%) -
Bermuda - - 1 (1%) -
Domestic 39 (100%) 6.4B (100%) 84 (98%) 8.1B (100%)
Cross-border - - 2 (2%) -
Total 39 $6.4B 86 $8.1B

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 5 (13%) - 31 (36%) 1.1B (14%)
Secondary Buyout 18 (46%) 600M (9%) 30 (35%) 600M (8%)
Divestiture 5 (13%) 3.3B (52%) 8 (9%) 3.3B (44%)
Growth Capital 4 (10%) - 6 (7%) -
Stake Purchase 3 (8%) - 4 (5%) -
Recapitalization 1 (3%) 1.2B (19%) 3 (3%) 1.2B (16%)
Going Private 2 (5%) 1.3B (20%) 2 (2%) 1.3B (17%)
Consolidation 1 (3%) - 2 (2%) -
Total 39 $6.4B 86 $7.5B

Exits by Deal Type

Type Total # Value
Secondary Sale 25 (44%) 6.8B (43%)
Trade Sale - Public Company 16 (28%) 6.6B (42%)
Trade Sale 8 (14%) 2.2B (14%)
Bankruptcy 2 (4%) -
IPO 2 (4%) -
Merger 2 (4%) -
1 (2%) -
Stake Sale 1 (2%) -
Total 57 $15.6B

Top M&A Advisors

Financial Deals
Citigroup Investment Banking
 3
Barclays Investment Bank
 2
Robert W. Baird & Co., Inc.
 2
Legal Deals
Kirkland & Ellis
 14
Mayer Brown
 7
Weil Gotshal & Manges LLP
 3

Deal Values

buy # Total
> $1B 3 $4.3B
$100M to $1B 6 $3.7B
< $100M 1 $99M
TOTAL $8.1B
Largest Delrin
$1.8B (2023-08-21)
sell # Total
> $1B 4 $13.3B
$100M to $1B 7 $2.7B
< $100M 1 $55M
TOTAL $16.1B
Largest Cebridge Connections Holdings LLC
$6.6B (2012-07-19)

M&A Connections

Deals
Acquired from
Investor(s)
37%
32 (37%)
Strategic(s)
9%
8 (9%)
Exited to
Investor(s)
46%
26 (46%)
Strategic(s)
40%
23 (40%)

Investor Summary

Investor Type

Private Equity Firm

Size

Mega

PE Assets

14.0B USD

Established

1982

Specialist/Generalist

Generalist

Leadership

Rich Caputo

Chief Executive Partner

Brad Wilford

Partner

Brian Higgins

Partner

Dan Williams

Partner

Dave Butler

Partner

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