Colfax Creek Capital Acquires Traverse City Products

March 10, 2020

Birmingham, Michigan-based Colfax Creek Capital, in partnership with management and with mezzanine/equity support from Charter Growth Capital Fund (CGCF), acquired Traverse City Products (TCP) from its founders. The transaction closed March 10, 2020 and enabled the current owners to fully exit while leaving management in place to continue operations and pursue diversification and growth.

Buyers
Colfax Creek Capital, Charter Growth Capital Fund (CGCF)
Targets
Traverse City Products (TCP)
Sellers
Founders / Current owners (including Herman Thomas)
Industry
Manufacturing
Location
Michigan, United States
Transaction Type
Buyout

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