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| | | | | OUR TEAM | | TALON SYSTEM |
HISTORY Talon Group LLC was formed in the 1970s as a private investment holding company. Since this time, Talon's founders and executive management have acquired more than 30 lower middle-market businesses with combined revenues exceeding $2.0 billion worldwide. Randolph J. Agley and Michael T. Timmis served together as advisors to management on numerous M&A transactions. After creating phenomenal wealth for their clients, Agley and Timmis decided owning was better than purely advising. As a result, Agley and Timmis founded Talon in 1970s and began buying industrial companies with backing from several financial sponsors. Throughout the 1970s, Talon opportunistically acquired middle-market businesses in unrelated industries. Notable acquisitions during this period included: F&M Distributors, a deep discount retail store, and G&L Industries, a manufacturer of automotive interior products. During the 1980s, following much early success, Agley and Timmis bought out their financial sponsors and continued the opportunistic acquisition methodology. Talon acquired numerous companies including Allen Stevens Corporation, a building products company, Bachan Aerospace Corporation, a metal parts manufacturer, Hawthorne Metal Products, an automotive parts manufacturer, and Diamond Automation, an egg processing equipment manufacturer. The 1990s represented Talon's transition to a formal buy and build strategy. Talon's focus shifted from opportunistic acquisitions to building businesses in the aerospace, automotive, consumer, construction, industrial, and retail sectors. The 2000s have experienced a generational transition and a strategic shift to a more hands-on operationally focused investment model. During this time, James R. Agley, assumed the day-to-day management of Talon. The Talon System, based on Lean Thinking, was developed. Today, Talon continues to focus on the lower middle market and aggressively evaluate new acquisition opportunities and new investment executives have been added to round out the team. |