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.
- 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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