River Associates Acquires TMI International
Chattanooga, TN, October 21, 2014
River Associates has announced today that it has partnered with management to acquire TMI International, LLC (“TMI”), a Pittsburgh, PA-based, leading international supplier of innovative workplace environmental management systems and other PVC-based products.
Founded in 1988, TMI International, LLC is a fully integrated, leading international manufacturer and supplier of innovative products and solutions designed to manage customer environments by improving work safety, cleanliness, comfort, efficiency and energy savings. TMI has a wide range of industry-leading products, including strip doors, exclusive PVC-based strip material, film, panel and sheet products, industrial curtains, roll-up doors and screens, swinging impact doors, modular enclosures, clean rooms, and dock accessories.
“River is excited to be a part of taking TMI to the next level of growth and performance,” Mike Brookshire, Partner at River Associates, said. “By supporting targeted, robust efforts to build on the strong foundation already in place, we believe TMI can grow its industry-leading product innovation as well as its strong service levels to customers.” Brookshire said
River Associates funded the transaction with equity from its sixth investment fund (River VI, L.P.). Financing was provided by NXT Capital and Northstar Capital.