Stout Advises TVV Capital on Sale of Big 3 to The Eastern Company

September 05, 2019

Stout announced today that Big 3 Precision Products, Inc. (“Big 3”), a portfolio company of TVV Capital (“TVV”), has been acquired by The Eastern Company (NasdaqGM:EML) (“Eastern”). Stout served as exclusive financial advisor to TVV in connection with this transaction.

Founded in 1970 and headquartered in Centralia, IL, Big 3 is a leading independent provider of turnkey packaging solutions. Through its two segments, the company manufactures material handling and returnable packaging systems for automotive and heavy truck original equipment manufacturers, as well as packaging blow-mold tooling for major consumer packaged goods brand owners and converters. Big 3 operates out of four manufacturing facilities located in the Midwest and Northeast.

“Our partnership with Eastern represents a strong cultural fit for our organization,” said Big 3 CEO Todd Riley. “It is exactly what we were looking for in a partner, and we look forward to continuing Big 3’s strong growth under their ownership.”

Andrew Byrd, Founder and President of TVV, said, “Stout brought an impressive mix of insight, guidance, and industry knowledge to a complex situation, incorporating two unique Big 3 businesses into a single transaction. The result was a highly successful exit for TVV.”

“Big 3 has built strong brand recognition and a long, rich history of manufacturing premium packaging systems and precision-machined mold tooling," added Mike Benson, Managing Director at Stout. “It was a pleasure to work with TVV and the Big 3 team on this transaction, in which we were able to use our deep industry expertise to achieve an excellent result for our client.”

Stout’s Christopher Merley, Michael Brocious, and Jack Kedroski assisted in executing the deal.

Bass, Berry & Sims PLC served as the legal advisor and deal counsel to TVV and Big 3.

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