Exclusive Sales & Divestitures

TM Capital negotiates exclusive sales of public and private companies and divestitures of subsidiaries and divisions. The firm’s expertise ensures clients receive maximum sale proceeds, a focused and timely sale process, and an optimal transaction structure. TM Capital’s key services in completing exclusive sales include:

  • Conducting a thorough due diligence review of the business, its products, markets, and growth opportunities
  • Preparing a selling memorandum of superior quality which highlights the strategic opportunities the candidate presents
  • Identifying and contacting a targeted group of industry and financial buyers with the strategic motivation and resources to promptly complete the transaction
  • Negotiating, documenting and closing a sale structured to achieve the client’s objectives

The depth of TM Capital's exclusive sale and divestiture experience is illustrated by the following transactions:

"After over two decades of ownership, we retained TM Capital to conduct a review of strategic alternatives in order to leverage their global reach and extensive experience in comparable transactions. TM Capital ran a well-structured, disciplined process which created a sale transaction that captured both the best value for our shareholders and the most attractive home for our employees and customers. We're glad we chose TM Capital for this important assignment."

– Jack Bridwell, President, Dinex International, Inc.


Proliance Completes Bankruptcy Sale
TM Capital assisted Proliance International Inc. in the sale of its European subsidiary, NRF, pursuant to section 363 of the bankruptcy code to Banco Products India Ltd.
Review Transaction


Constantine Acquired by Milliken & Co.
TM Capital has advised Constantine Carpet, a portfolio company of Lineage Capital, in its sale to Milliken & Company
Review Transaction


Dinex Acquired by Carlisle Companies
TM Capital advised Dinex Holdings, a provider of specialty foodservice products to healthcare markets, in its $95 million sale to Carlisle Companies (NYSE), a $2 billion diversified global manufacturer
Review Transaction


MedTech Completes Recapitalization
TM Capital assisted The MedTech Group in completing a recapitalization with KRG Capital Partners to accelerate growth and provide shareholder liquidity
Review Transaction


Smith & Wollensky Completes Sale
TM Capital advised the Special Committee of the Board of Smith & Wollensky (NASDAQ) on the Company’s $98 million sale to a consortium led by Bunker Hill Capital, L.P.
Review Transaction


GPX Completes Bankruptcy Sales
TM Capital assisted GPX International Tire in completing the divestiture of its business units in three simultaneous Section 363 bankruptcy sales to Alliance Tire and other purchasers
Review Transaction


LUBExpress Acquired by Galena Associates
TM Capital advised LubExpress Operating Co., Inc. in its sale to an affiliate of Galena Associates LLC, the largest franchisee of Valvoline Instant Oil Change locations
Review Transaction


Tricon Acquired by Kennametal
TM Capital advised Tricon Metals & Services in its sale to Kennametal Inc. (NYSE: KMT)
Review Transaction


Babel Completes Recapitalization
TM Capital advised UK-based Babel Media Ltd. in obtaining new majority investments from Quatrro BPO Solutions and the D.E. Shaw group
Review Transaction


Climax Acquired by DeltaPoint Capital
TM Capital advised Climax Manufacturing Company, a manufacturer of specialty folding cartons and recycled paperboard products in its sale to DeltaPoint Capital Management
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SenecaSalem Sold to WS Packaging Group
TM Capital advised SenecaSalem, a leading producer of specialty labels, in its sale to WS Packaging Group, one of the largest domestic pressure sensitive label manufacturers
Review Transaction


OKERE, Inc. Acquired by Fujitsu Limited
TM Capital advised OKERE, Inc. in its sale to Fujitsu Consulting, the North American consulting and services arm of Fujitsu Limited (TSE)
Review Transaction


Kodak Divests Light Management Films
TM Capital advised Eastman Kodak Company (NYSE: EK) on the divestiture of its Light Management Films business to Rohm and Haas Company (NYSE:ROH)
Review Transaction


Microsol Acquired by Crompton Greaves
TM Capital, along with its Irish M&A International Inc. partner, IBI Corporate Finance, assisted Microsol Holdings Ltd. in its sale to Crompton Greaves
Review Transaction


Ditan Acquired by Cinram International
TM Capital advised Ditan Corporation on its $50 million sale to Cinram International Inc., a wholly-owned subsidiary of Cinram International Income Fund (TSX: CRW.UN)
Review Transaction


V&S Group Divests Florida Distillers
TM Capital advised Florida Distillers, a division of V&S Group of Sweden, on its sale to Belvedere Group, a French spirits company
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Axon Digital Design Completes Sale
TM Capital and its M&A International Inc. partner, Holland Corporate Finance, advised Axon Digital Design B.V. in its sale to Goldman Sachs and Potosi
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Reinhold Acquired by Jordan Company
TM Capital advised Reinhold Industries, Inc. (NASDAQ) in its sale to The Jordan Company for a value of approximately $41.3 million
Review Transaction


CFC Refimax is Acquired by Airgas
TM Capital advised CFC Refimax, LLC, a leading full-service refrigerant supplier and reclamation company, in its sale to Airgas, Inc. (NYSE: ARG)
Review Transaction


Howard P. Fairfield Completes Sale
TM Capital advised Howard P. Fairfield, Inc. in its sale to Specialized Industries, LP, a portfolio company of FB Capital Partners, L.P.
Review Transaction


ProActivity Acquired by EMC Corp.
TM Capital advised ProActivity, Ltd. in its sale to EMC Corporation (NYSE), a world leader in Information Lifecycle Management solutions
Review Transaction


Mrs. Winner's Acquired by Lee's
TM Capital completed the sale of Winners International, Inc., an operator and franchisor of quick-service restaurants, to Lee's Famous Recipe, Inc.
Review Transaction


National Vision Acquired by Berkshire
TM Capital advised National Vision, Inc. (AMEX) in its sale to Berkshire Partners and its simultaneous acquisition of Consolidated Vision Group in transactions with an aggregate enterprise value of $190 million
Review Transaction


RTM Acquired by Triarc Companies
TM Capital advised RTM Restaurant Group, the largest Arby's® restaurant franchisee, in its sale to Triarc Companies (NYSE) for an enterprise value of approximately $725 million
Review Transaction


Datamars SA Completes Sale
TM Capital and its Swiss M&A International Inc. partner, Binder Corporate Finance, advised Datamars SA in the sale of a majority ownership stake of the Company to a group of private equity investors
Review Transaction


Optura Acquired by Open Text Corp.
TM Capital assisted Optura in its sale to Ontario-based Enterprise Content Management solutions provider, Open Text (NASDAQ)
Review Transaction


BAI Acquired by L-3 Communications
TM Capital completed the sale of BAI Aerosystems, a provider of unmanned aerial vehicles, to L-3 Communications (NYSE), a global leader in defense technology
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Patton Acquired by Linsalata Capital
TM Capital completed the sale of Patton Picture Company, a framed art provider with over $40 million in revenue, to Linsalata Capital Partners
Review Transaction


WorldGate Completes Divestiture
TM Capital assisted WorldGate Communications (NASDAQ) in the sale of certain interactive television assets to TV Gateway, LLC
Review Transaction


Portland Professional Acquired by NMHC
TM Capital completed the sale of Portland Professional Pharmacy to National Medical Health Card Systems, Inc. (NASDAQ)
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Heywood Williams Sells Creation to Dura
TM Capital advised Heywood Williams Group PLC (LSE) in its $60 million divestiture of the Creation Group to Dura Automotive Systems (NASDAQ)
Review Transaction


Electronics Boutique Divests BC Sports
TM Capital assisted Electronics Boutique (NASDAQ) in completing the sale of its BC Sports Collectibles division to Sports Collectibles Acquisition Corp.
Review Transaction


TAB Products Co. Sold to HS Morgan
TM Capital assisted TAB Products Co. (AMEX) in its $32 million sale to HS Morgan Limited Partnership
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Medcom Acquired by Quintiles
TM Capital completed the sale of Medcom, Inc. to Quintiles Transnational Corp. (NASDAQ)
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Pacific Union Acquired by GMAC Real Estate
TM Capital completed the $29 million sale of Pacific Union Real Estate Group to GMAC Real Estate, a subsidiary of General Motors Corp. (NYSE)
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Cor-Box Acquired by CorrFlex Graphics
In the first transaction executed via our online M&A process, TM Capital completed the sale of Cor-Box, Inc. to CorrFlex Graphics, LLC
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SteriGenics Acquired by IBA
TM Capital completed the sale of SteriGenics International, Inc. (NASDAQ) to Ion Beam Applications s.a. of Belgium for $214 million in cash
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IFR Systems Acquired by Aeroflex
TM Capital assisted IFR Systems, Inc. (NASDAQ) in its $60 million sale to Aeroflex Inc. (NASDAQ) through a cash tender offer
Review Transaction


Precision Specialty Metals Acquired
TM Capital assisted Precision Specialty Metals, Inc. in the sale of its assets under Section 363 of the Bankruptcy Code to Brady Investment Group
Review Transaction


CIDCO, Inc. Acquired by EarthLink, Inc.
TM Capital assisted CIDCO, Inc. (NASDAQ) in its sale to EarthLink, Inc. (NASDAQ) through cash tender offer and follow-on merger
Review Transaction


Wolf Camera Acquired by Ritz
TM Capital assisted Wolf Camera, Inc. in its section 363 bankruptcy sale to Ritz Camera Centers, Inc.
Review Transaction