The Protective Group, Inc.

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
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
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.