Transaction
Quarton International is pleased to announce that JAC Products (“JAC” or the “Company”), a portfolio company of Wynnchurch Capital, has been acquired by Argonaut Private Equity and Hall Capital. JAC is the market leading designer and manufacturer of roof racks, cargo management systems, assist steps and related products. Customers rely on JAC’s innovation, engineering and design expertise to solve structural, functional, performance and aerodynamic challenges. JAC’s success has led to long-lasting relationships with most major global automotive OEMs.
Quarton International acted as the exclusive investment banking advisor to JAC Products in connection with the transaction.
Unternehmen
Wynnchurch Capital was founded in 1999 and is a leading middle-market private equity investment firm headquartered in the Chicago suburb of Rosemont, Illinois with offices in California and Canada. Wynnchurch’s strategy is to partner with middle market companies in Canada and the United States that possess the potential for substantial growth and profit improvement. Wynnchurch Capital manages a number of private equity funds with $2.3 billion of capital under management and specializes in recapitalizations, growth capital, management buyouts, corporate carve-outs and restructurings.
Buyer
Argonaut Private Equity is a Tulsa, Oklahoma based private equity firm founded in 2002 that manages investments across multiple asset classes with approximately $6 billion of capital deployed. Its equity investments range from $25 million to $200 million and span across a diverse range of markets, including automotive, energy, industrials, manufacturing, aerospace and technology. Argonaut looks to partner with growth and mature companies located in the central United States that are looking for capital to unlock accretive value creation opportunities.
JAC Products is a designer and manufacturer of a broad portfolio of highly engineered roof racks, cargo management systems, assist steps and other related functional components to automotive OEM customers worldwide. JAC’s diverse material expertise across aluminum, plastic and steel products, coupled with its extensive manufacturing capabilities in extruded, molded and roll-formed components has differentiated the Company from its competitors. JAC operates five manufacturing facilities across North America, Europe and Asia.
Hall Capital is a family-owned private investment company with offices in Nashville, Oklahoma City, Chicago and Dallas. Its roots extend back to legendary automotive pioneer Fred Jones’ first enterprise in 1920. Today, led by Jones’ grandsons – Fred Hall, Kirkland Hall, and Brooks “Boots” Hall, Jr. – Hall Capital is home to a diversified collection of business interests focused on private equity funds and investments in the real estate, automotive and oil & gas sectors.
Contact
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