TVV Capital Adds-on to Big  3 Precision
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TVV Capital Adds-on to Big  3 Precision

surform nf2Big 3 Precision Products, a portfolio company of TVV Capital since October 2012, has acquired Sur-Form Corporation, a provider of material handling parts and systems. The acquisition of Sur-Form is the seventh investment for TVV Capital’s latest fund, TVV III which closed in December 2013.

surform nf12Sur-Form designs and produces material handling equipment for the automotive industry, both as a supplier to other material handling businesses and as a direct supplier.  Sur-Form’s thermoformed and injection molded products include trays, bars and flippers that are designed to protect and transport products, such as sensitive or machined parts. Sur-Form was founded in 1997 by Edward Stacey, Jr. who will continue to lead the company under Big 3 ownership. Sur-Form operates a 45,000 square foot facility located northeast of Detroit in Chesterfield, MI (www.sur-form.com).

Andrew Byrd nf1“The acquisition of Sur-Form highlights TVV’s focus on growing portfolio companies through add-on investments that provide operational and market synergies,” said Andrew Byrd, President of TVV Capital. “We acquired Big 3 Precision in October 2012 and believe the addition of Sur-Form will expand the growth opportunities for the combined companies.”

big 3 nf1Big 3 is a supplier of injection blow mold (IBM) and injection stretch blow mold (ISBM) tooling and equipment to the plastics sector. Injection and stretch blow molding tools are used for the production of hollow objects in large quantities such as bottles, jars and other containers. Big 3’s customer base in this area includes pharmaceutical and personal care products companies such as GlaxoSmithKline, Bristol-Myers Squibb, and Procter & Gamble. Big 3 also manufactures parts and material handling racks for the automotive industry. Customers include automotive manufacturers such as Ford, General Motors, and Fiat Chrysler. Big 3 is led by its President and CEO, Alan Scheidt. The company was founded in 1970 and is headquartered east of St. Louis in Centralia, IL (www.big3precision.com).

“Sur-Form’s expertise in thermoforming and injection molding complements Big 3’s design and build capabilities while expanding their sales to Ford, General Motors, and Fiat Chrysler. Sur-Form’s operations are headquartered near Detroit and are expected to provide additional manufacturing capacity and distribution capabilities for Big 3,” added Mr. Byrd.

TVV Nf1TVV Capital is a lower middle-market buyout firm focused on acquiring market-leading niche companies across a range of industries.  The firm targets companies with enterprise values from $10 million to $100 million, revenues from $15 million to $150 million, and EBITDA margins of 10 to 25 percent.  TVV Capital was founded in 1997 and is headquartered in Nashville (www.tvvcapital.com).

Legal advisors for TVV Capital were Nashville-based Bass, Berry & Sims (www.bassberry.com) and accounting services were provided by Marcum LLP (www.marcumllp.com).

© 2016 Private Equity Professional • Private Equity’s Leading News Magazine • 3-10-16

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