Sale to Berwind Group

Industrial
Sale to Berwind Group

Summary

Baird served as financial advisor to TASI

About

TASI Holdings, Inc. (“TASI” or the “Company”), a portfolio company of Black Canyon Capital, LLC (“Black Canyon”), ClearLight Partners, LLC (“ClearLight”) and Industrial Growth Partners (“IGP”) was recently acquired by Berwind Group (“Berwind”). Terms of the transaction were not disclosed.

TASI is a leading global provider of highly engineered test, measurement, inspection and automation solutions for mission-critical applications in the Americas, Europe and Asia. The Company’s solutions focus on enhancing customer productivity by reducing manufacturing cost, avoiding rework, improving quality and reliability, and shortening time to market. TASI serves a diverse customer base in a range of end markets including the transportation, industrial, life sciences, energy, food and beverage and consumer goods industries. TASI is headquartered in Cincinnati, Ohio.

Black Canyon is a private capital firm specializing in providing equity and credit solutions to middle-market companies based in the United States. Black Canyon has invested over $1 billion across diverse industries including business services, consumer durables, retail, restaurants, media, test and measurement, and industrial manufacturing. Black Canyon is headquartered in Los Angeles, California.

ClearLight is a private equity firm with $900 million under management from a single, long-term investor. ClearLight focuses on investing in middle-market companies that are profitable market leaders in industries that include industrial technologies, specialty manufacturing, consumer products and services, business services and health care services. ClearLight is headquartered in Newport Beach, California.

IGP is a specialist private investment firm focused exclusively on acquiring and building North American middle-market manufacturing businesses. Since its inception in 1997, IGP has raised $1.4 billion in equity capital across four funds and has successfully invested alongside management in over forty companies in the manufacturing sector. IGP is headquartered in San Francisco, California.

Berwind is a family-owned investment management company. With its roots dating to 1886, Berwind has evolved from its beginning as a coal mining company, to a diversified portfolio of highly successful manufacturing and service companies, which are leaders in their market niche. Berwind is dedicated to investing in member companies to assist in the growth and development of existing industry platforms and building new platforms for future growth. Berwind operates under a decentralized business model, offering management significant autonomy, while providing financial, business, and operational advice and assistance. Berwind is headquartered in Philadelphia, Pennsylvania.

For additional information about this transaction, please contact:

Joel Cohen (312) 609-4924
Christopher McMahon (312) 609-4983
David Wierman (404) 264-2211
Nick Sealy +44 0207 6678370
Anthony Siu +86 21 61820980
Christian Colucci (312) 609-4475
Industrial
Sale to Berwind Group
Date
June 2014
Company
TASI Holdings, Inc.
Transaction
M&A
Sectors
Industrial
Target Location
North America
Acquiror Location
North America

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