PCM Companies Adds Platform with Investment in TMI Coatings
PCM Companies ("PCM") is pleased to announce its investment in TMI Coatings, LLC ("TMI").
Based in Eagan, Minnesota, TMI is a specialty painting, coating and restoration contractor focused on maintaining, repairing, and restoring America's industrial and public infrastructure. TMI specializes in surface preparation and the application of paint, protective coatings and linings for water towers, stacks, structural steel, concrete and a variety of other applications. The Company's commitment to safety, quality, innovation, on-time completion and customer satisfaction has positioned it as a trusted partner to Fortune 1000 companies and various government entities nationwide. TMI is an SSPC QP 1 and QP 2 certified contractor.
Steve Halverson, Partner at PCM Companies, commented "TMI is a rare find in the industrial facility and infrastructure services market, specializing in non-discretionary niche restoration and maintenance services. We are excited to partner with Tracy Gliori and the TMI management team to build on the Company's long history of success and continue to expand TMI's geographic footprint and service offerings."
Tracy Gliori, CEO of TMI added: "We're excited to partner with PCM for this next chapter at TMI. From the start, they've shared our values, our work ethic, and our vision for the future. Throughout the process, we talked to a lot of potential partners, but PCM stood out—they were a local St. Paul family office that understood our culture and what matters most to us: retaining our team, quality work, a strong safety culture, and taking care of our customers."
Financing was provided by Bell Capital Finance and Northstar Capital. PCM was advised by Taft Stettinius & Hollister, LLP.
About PCM Companies
Founded in 1998, PCM Companies is a Twin Cities-based private investment firm focused on investing in businesses that make up the backbone of our economy. We are not a private equity fund; we are patient investors focused on partnering with founders and management teams to continue building and growing exceptional businesses. Our flexible investment horizons are determined by the underlying businesses we partner with, not the lifecycle of an investment fund. We are actively seeking new platform investments across a variety of industries, including manufacturing, diversified industrials and business services. For more information on our investment focus, please visit our website.