Pittsburgh, PA TMI International, LLC (TMI), a Pittsburgh, PA-based, leading international supplier of innovative workplace environmental management systems and other PVC-based products, has been acquired by River Associates Investments, LLC (River Associates).
Founded in 1988, TMI International, LLC is a fully integrated, leading international manufacturer and supplier of innovative products and solutions designed to manage customer environments by improving work safety, cleanliness, comfort, efficiency and energy savings. TMI has a wide range of industry-leading products, including strip doors, exclusive PVC-based strip material, film, panel and sheet products, industrial curtains, roll-up doors and screens, swinging impact doors, modular enclosures, clean rooms, and dock accessories.
River is excited to be a part of taking TMI to the next level of growth and performance, Mike Brookshire, Partner at River Associates, said. By supporting targeted, robust efforts to build on the strong foundation already in place, we believe TMI can grow its industry-leading product innovation as well as its strong service levels to customers. Brookshire said.
David Rimbey, TMIs President & CEO, said, We are excited to welcome River Associates as our new partners. Rivers time-tested record and strategy of partnering with organizations for both organic and acquisitive growth will allow us to continue to provide market-leading products and services for our customers.
Information about TMI and its environmental management solutions are available by calling 1.800.888.9750 or visiting www.tmi-pvc.com. Additional information on River Associates is available online at www.riverassociatesllc.com.
About TMI, LLC
Founded in 1988, TMI International, LLC is a fully integrated, leading international manufacturer and supplier of innovative products and solutions designed to manage customer environments by improving work safety, cleanliness, comfort, efficiency and energy savings. TMIs comprehensive product line includes strip doors, exclusive PVC-based strip, film, panel and sheet products, PVC-coated and laminated fabrics, air curtains, insect screens, swinging impact doors, curtains, modular enclosures and dock accessories. Services include slitting, heat sealing, interleaving, sheeting and die-cutting. The business is headquartered in Pittsburgh, PA with operations in Cuyahoga Falls, OH, Fontana, CA and Norcross, GA. For more information on TMI please visit www.tmi-pvc.com.
About River Associates Investments, LLC
Founded in 1989, River Associates is a Chattanooga, TN-based private equity partner for management teams in change-in-control transactions of lower middle market companies. Target businesses can be privately held or divestitures from larger companies or other private equity groups. River is opportunistic as to industry and has invested in manufacturers, high-margin distributors, industrial service, business service and select non-faddish retail companies. The firm focuses on companies with EBITDA of $3-12 million and will invest in companies headquartered in the United States & Canada. Since its founding, River Associates has initiated over seventy transactions, many of which have been strategic add-on acquisitions to platform companies. The principals of River Associates have worked together for over seventy-five years, and their alignment of interests with LP investors is illustrated by their substantial GP investment in River funds. Details on the firm can be seen at www.riverassociatesllc.com.