BIRMINGHAM, MI – Colfax Creek Capital in partnership with management acquired Traverse City Products (“TCP”) from its founders.
Based in Traverse City, Michigan, TCP is a premier supplier of custom roll formed and stamped metal products with particular expertise in manufacturing glass hardware components including window sashes, lift plates, sunroof reinforcements, and decorative trim. Founded in 1982, TCP has developed its reputation as the go-to resource for complex glass hardware and sunroof solutions with critical product content on nearly 30 automotive platforms across six OEMs. The investment by Colfax Creek enabled the current owners to completely exit the business. The current management team will continue to operate the business with the guidance of an operationally focused board of advisors.
“TCP is recognized as an industry leader in its field and has developed solid, long-lasting relationships with its customers,” said Jason Duzan, of Colfax Creek. “The company’s robust material processing capabilities present substantial opportunities for diversification and growth. We are excited to partner with the TCP management team, in conjunction with CGCF,to accelerate the company’s momentum.”
Based in Birmingham, Michigan, and founded by Jason Duzan, Colfax Creek is a private investment firm that takes a long-term approach to invest in “smaller” middle-market companies. Colfax Creek invests in consumer product, service and industrial companies. The key to Colfax Creek’s investment success is to combine its investing expertise in collaboration with operating executives to build businesses for the long-term.
Herman Thomas, President and Founder of TCP, remarked, “For nearly 40 years, we have worked to build a business based on exceptional quality and supported by a great management team. In recent years, we guided the current management team to develop the expertise to position the business for the next owner. We believe Colfax Creek and Jason is the best partner to work with the team and take TCP to the next level.”
Colfax Creek is a private investment firm that takes a long-term approach to invest in smaller middle-market companies. The firm invests in consumer product, service, and industrial companies in the Great Lake States. We prefer to support existing management in control investments, but we will support limited management transitions. Colfax Creek is based in Birmingham, MI. For more information visit: www.colfaxcreek.com.
Founded in 1982, Traverse City Products (“TCP”) has established itself as a premier supplier of custom roll formed and stamped metal products. With its engineering and manufacturing expertise, TCP is uniquely capable to provide a wide array of custom roll forming, stamping and finishing capabilities for the automotive, office furniture, access flooring, conveyor systems, and transportation markets. TCP is located in Traverse City, Michigan and is ISO 9001:2015 compliant. Visit www.tcproducts.net