client_transactions

SSG Client Transactions

Title

The Protective Group, Inc.
Client Profile

Client Profile

TPG is an industry leader in the development, design and production of lightweight composite armor solutions with a focus on survivability, mobility and protection from lethal force. Headquartered in FL, TPG has developed armor solutions for military applications since 1960 and has been the leading provider of helicopter armor for the last decade. The Company's products have been deployed by the U.S. Army, U.S. Special Operation Forces, U.S. Marine Corps, U.S. Navy, U.S. Air Force and other armed forces around the world.
Situation

Situation

While TPG had a history of delivering high quality products and healthy gross profit margins, changes in the federal contracting environment significantly impacted its financial performance. The Company was plagued by government sequestration, which disrupted the government's budgeting and defense funding process. The resulting slowdown in contract awards strained TPG's profitability and compromised its financial condition.
Solution

Solution

The Company retained SSG to evaluate strategic alternatives. SSG conducted a comprehensive marketing process to a wide universe of strategic and financial buyers to determine interest in acquiring the business as a going concern. Point Blank Enterprises, Inc., a portfolio company of JLL Partners, was the perfect strategic buyer to acquire TPG. SSG's ability to solicit competitive offers from buyers in a fast-tracked process enabled the Company to maximize value while preserving the jobs of substantially all of its employees and maintaining the loyalty of its global customer base.  The transaction closed in late October 2015.
October 2015
has sold substantially all
of its assets to
a portfolio company of
The undersigned acted as Investment Banker to
The Protective Group, Inc. on this transaction.

Call to learn more

Call to learn more

If you would like to learn more about this transaction, or any of our transactions, call us today.

Philadelphia
(610) 940-1094

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New York
(212) 786-7432

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