For more than 30 years TSC Group and its affiliated companies have provided products and services to national and regional retailers. TSC's approach to improving [image-nocss] sellthrough and overall profitability for its retail partners is the combination of a national in-store field service support organization; a business development strategy focusing on the introduction of early lifecycle products; and compelling merchandising, presentation standards and in-store promotional materials. TCS's patented software, Kogenysis, simplifies the aggregation of categories and products delivered by TSC as a single provider.
TSC's acquisition of Barjan also includes the recent purchase of Eastern Tool Warehouse (ETW), a leading national distributor of specialty tools for the automotive and heavy-duty truck industries.
"TSC now provides comprehensive retail services through a very unique strategic business model. Retailers will now have a strong advantage with TSC's supply chain expertise, product selection and in-store execution for optimizing category success and profitability," said John J. Wiesehan Jr., president and CEO. "The combination of TSC's unmatched product portfolio and commitment to customer service and Barjan's best-in-class distribution capabilities will allow TSC to provide its customers with the strongest value proposition in the industry."
The transaction completes TSC's strategy of becoming the only full-service distributor to the travel center industry with a nationwide field merchandising organization providing in-store merchandising and support, it said.
With a centralized distribution center in Rock Island, Ill., Barjan is a major distributor of general merchandise to truckstops and travel centers across America. It sources and distributes more than 8,000 individual products, including automotive and truck tools, automotive accessories, chemicals and additives, consumer electronics, tools, books, videos and music. In addition to sourced products, Barjan is the owner of many leading aftermarket brands servicing the professional truck driver including Astatic, Wilson and Francis. Barjan is the principal supplier to both leading national travel center chains and thousands of regional and local travel centers across North America.
With more than $640 million in assets under management, New York City-based Monomoy Capital Partners is a family of private-equity funds that makes controlling investments in middle-market companies. The fund has completed 29 transactions in the smaller end of the middle market over the past four years and currently owns 11 businesses that collectively employ more than 6,000 people. Monomoy implements customized business improvement programs in all portfolio companies that reduce operating expenses, increase profitability and encourage profitable growth.
TSC's product experience includes not only general merchandise products, but also fresh, high-growth categories such as prepaid products, financial services and subscriber services. TSC also provides additional retail solutions services, including category management, proprietary billing and invoicing technology, in-store service and merchandising and pricing and promotional execution. TSC is headquartered in Charlotte, N.C.
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