Origin Merchant Partners (“Origin”) has announced that it served as the exclusive financial advisor to Thomas Precision Machining (“TPM”), a leading provider of replacement parts, service and equipment for food processing applications, on its sale to Radial Equity Partners (“Radial”), a New York-based private equity firm focused on investing in middle market businesses.
“We are sincerely thankful to the Origin team for their steadfast commitment and thoughtful engagement throughout the entire process. Their sector expertise, disciplined approach, and dedication to the process were key factors in achieving an outstanding result for our business,” said Kevin Nyara, owner of TPM.
Founded in 1981, TPM provides highly engineered aftermarket parts, rebuilds, equipment and related services to more than 500 protein processing plants in North America. This represents Origin’s second closed food processing equipment sale transaction in the last year.
“TPM has secured an exceptional partner in Radial. Radial will support TPM’s engineering-focused, customer-first operating model to accelerate growth and deliver greater value to TPM’s customers,” said Michael Tucci, Managing Director at Origin. “With the backing of Radial’s strong network of seasoned industry operators, TPM is well positioned to build on its momentum and strengthen its standing as a leading provider of machinery solutions to the food processing market.”
The transaction demonstrates robust investment interest in the food processing machinery sector, fueled by appealing global market trends, the need for advanced automation, steady and resilient market demand, and favorable recurring aftermarket economics. The completion of this deal further reinforces Origin’s extensive expertise in advising industrial engineering and manufacturing firms, with a particular focus on the food processing industry.
About TPM:
Thomas Precision Machining has grown to become a market leader in providing high wear equipment lifecycle management solutions to the largest protein processors in North America. The Company is based in Rice Lake, Wisconsin. For additional information, please visit www.tpm-inc.com.
About Radial:
Radial is a private equity firm focused on investing in leading middle market businesses. Radial brings sector expertise and deep industry relationships to partner with management teams and support growth. More information about Radial is available at www.radialequity.com.
Press release: https://www.radialequity.com/news/thomas-precision-machining
Deal team: Michael Tucci, Katie Balson
