Industrials | Mergers & Acquisitions, Sponsor Related

Form Tech has been Acquired by White Cap L.P.

  • TM Capital served as exclusive financial advisor to Form Tech Concrete Forms, Inc., a portfolio company of Kirtland Capital Partners, in its sale to White Cap L.P., a portfolio company of Clayton, Dubilier & Rice and The Sterling Group
  • Founded in 1976 and headquartered in Walled Lake, Michigan, Form Tech is the leading independent provider of concrete forming and shoring rental equipment and related consumables serving the Southeast, Midwest and Mid-Atlantic regions of the United States
  • Kirtland Capital Partners is a Cleveland-based private equity firm focused on investing in family and founder-owned businesses
  • White Cap and its affiliates serve as a one-stop distributor of specialty concrete accessories and chemicals, tools and equipment, building materials and fasteners, erosion and waterproofing products and safety products to professional contractors through its approximately 450 branches
  • TM Capital is a market leader in the equipment rental and dealer sectors, having completed 12 transactions since January 2021 with an aggregate value of $2.2 billion while publishing authoritative industry research

Client Testimonial

“We have known the TM team for decades and appreciate their senior partner-led business model; broad experience across the construction and building products sector; and, in particular, their expertise with rental business models. The entire team rolled-up their sleeves as promised and was a great partner to our management team and Kirtland.  The TM team positioned the company’s sophisticated offering and strong financial performance to attract the attention of an industry leader such as White Cap.  We truly appreciated their efforts and guidance during the process.”
–  Jim Foley, Partner, Kirtland Capital Partners