Thomas Industrial Rolls, Inc. has been acquired by Talon Group LLC. Quarton Partners acted as the exclusive financial advisor to Thomas Industrial Rolls.
Thomas Industrial Rolls, Inc. is a provider of custom, non-woven mill rolls and related aftermarket solutions, including reconditioning, maintenance, and repair services. TIR’s mill rolls are utilized in a variety of metal forming applications, including wringer rolls, film control rolls and tension rolls. TIR serves hundreds of customers in North America, Europe and Asia. Customer segments served by TIR include metal formers in the transportation industry, capital equipment builders and flat metal processors. The Company is headquartered in Dearborn, Michigan with an additional manufacturing facility in Zhongshan, China.
Talon Group LLC, is a private equity firm located in Grosse Pointe, Michigan, focused on buying Midwest-based manufacturing businesses. The firms investment strategy is to acquire niche companies with competitive positions in attractive industries. Talon has acquired over 40 companies since the firm was founded in 1975.