TVV Capital has completed the acquisition of Big 3 Precision Products, a manufacturer of injection blow molds, tooling and fabrication products.
Big 3 Precision Products operates two lines of business: precision injection blow molds that serve the pharmaceutical and personal care products industry; and tooling and metal fabrication products that serve the automotive industry. Big 3 customers include GlaxoSmithKline, Bristol-Myers Squibb, Procter & Gamble, Ford, General Motors, Chrysler and Mercedes. The company has two manufacturing locations in Centralia, IL, and Millville, NJ, and two sales and engineering offices in Kansas City, MO, and Holliston, MA. The company was founded in 1970 and is headquartered in Centralia, IL (www.big3precision.com).
“We were looking for a trusted partner with the shared vision and strong operations experience required to take full advantage of market expansion and globalization opportunities. The TVV team represents a collaborative and supportive partner with deep knowledge and experience in building a strong labor force and globalizing product lines to support Big 3’s next phase of growth,” said Alan Scheidt, Big 3’s President and CEO.
TVV Capital is a lower middle-market private equity firm that invests in companies with revenues of $15 million to $150 million and EBITDA’s of $2 million to $20 million. The firm was founded in 1997 and is headquartered in Nashville, TN (www.tvvcapital.com).
“We look forward to partnering with Big 3’s talented, multi-generational leadership team whose deep industry knowledge and experience have successfully built market-leading positions in two stable and growing businesses,” said Andrew Byrd, TVV Capital’s President. “The Big 3 transaction represents a classic case study of TVV’s value-oriented approach and value creation strategy. The investment was sourced through TVV’s proprietary origination database and direct calling efforts and purchased directly from the owners. Our operationally-focused team is uniquely equipped to work with Big 3 management to build the operating scale needed to accelerate Big 3’s growth and profitability over the coming years.”
© 2012 PEPD • Private Equity’s Leading News Magazine • 10-19-12
