Latest Investment to Support Expansion of TVV Portfolio Company Big 3 Precision Products
Nashville, TN – February 24, 2014 – TVV Capital an operationally-focused private equity firm announced that it has acquired Industrial Design Innovations (IDI), a leading material handling rack design firm for the automotive and transportation industries. The acquisition supports the continued build-out of Big 3 Precision Products (www.big3precision.com), an existing TVV portfolio company acquired in late 2012. Terms of the transaction were not disclosed.
IDI (www.teamidi.com) specializes in the design and prototyping of custom material handling containers with a particular focus on the automotive and transportation industries. The company designs racks and containers that integrate with robots and manufacturing line feed equipment. Customers include Ford, General Motors, Toyota, Mercedes-Benz and their primary suppliers.
Big 3 is a leading niche manufacturer of injection blow molds, tooling and metal fabrication products. Customers such as Ford, General Motors, Chrysler and Mercedes rely on Big 3 for the manufacture of automotive equipment transportation racks. The acquisition brings together Big 3’s large-scale manufacturing and IDI’s leading design expertise, which will now enable Big 3 to offer a complete full service design and build capability.