Deal Details

Burlington Medical Is Acquired by TIDI

Healthcare

Burlington Medical, a portfolio company of Peninsula Capital, sale to TIDI, a portfolio company of TJC

Summary

Burlington Medical, LLC ("Burlington Medical" or the “Company”), a portfolio company of Peninsula Capital Partners, LLC (“Peninsula Capital”), has been acquired by TIDI Products, LLC (“TIDI”) a portfolio company of TJC Holdings, LLC (“TJC”). Terms of the transaction have not been disclosed.

Baird served as exclusive advisor to Burlington Medical on this transaction.

About

Burlington Medical is a leading innovator in the radiation safety industry, specializing in the engineering of high-quality, lightweight radiation protection apparel and accessories offering a range of products including aprons, eyewear, thyroid shields and other wearables. With over 45 years of expertise, the Company provides customized solutions designed to minimize radiation exposure while reducing musculoskeletal fatigue for healthcare professionals. Burlington Medical is headquartered in Newport News, Virginia.

Founded in 1995, Peninsula Capital is a Michigan-based private investment firm specializing in providing structured junior capital solutions to superior middle-market companies. The firm manages over $1 billion in assets and focuses on a wide array of industries, including manufacturing, aerospace, distribution and medical products. Peninsula Capital is headquartered in Southfield, Michigan.

TIDI is a premier manufacturer of safety and infection control solutions dedicated to supporting caregivers and protecting patients. The company delivers a diverse portfolio of clinically relevant, single-use medical products across healthcare systems, independent practices and long-term care facilities. TIDI’s market-leading brands include Posey® (fall management), Zero-Gravity® (suspended radiation protection), C-Armor® (surgical draping), Sterile-Z®, AquaGuard® and Grip-Lok®. TIDI is headquartered in Neenah, Wisconsin.

TJC LP, formerly known as The Jordan Company, has worked for more than 40 years with CEOs, founders and entrepreneurs across a range of industries including Consumer, Diversified Industrials, Healthcare, Industrial Technology, Logistics & Business Services and Digital & Power Infrastructure. With $30.9 billion of assets under management as of September 30, 2025, TJC is managed by a senior leadership team that has invested together for over 24 years on over 90 investments. TJC has offices in New York, Chicago, Miami and Stamford.”

Healthcare

Burlington Medical, a portfolio company of Peninsula Capital, sale to TIDI, a portfolio company of TJC