The Jordan Company

Last updated
TJC
Company type Private
Industry Private equity
Founded1982;42 years ago (1982)
Founder John W. Jordan II
Headquarters New York, New York, United States
Products Leveraged buyout, growth capital
Total assets $6 billion
Number of employees
25+
Website Official website OOjs UI icon edit-ltr-progressive.svg

TJC, formerly known as The Jordan Company is a private equity firm focused on leveraged buyout and management buyout investments in smaller middle-market companies across a range of industries. [1]

The firm, which is based in New York City, was founded in 1982. The Jordan Company was founded by John W. Jordan II, prior to which he spent nine years at Carl Marks & Co., a merchant banking firm.

Since its founding, the firm has completed over 90 investments and raised approximately $6 billion of investor commitments across its two Jordan Resolute funds and older pledge vehicles. Jordan's 2002 fund raised $1.5 billion of commitments and its second fund in 2007 raised $3.6 billion of capital. [2]

Among the dozens of current and prior investments completed by TJC are the following: American Safety Razor Company, [3] [4] Bojangles' Famous Chicken 'n Biscuits (in conjunction with Durational Capital Management), [5] Carmike Cinemas, Fannie May, [6] Great American Cookie, Harvey Gulf, [7] Lepage's Industries, [8] Lincoln Industrial Corporation, Newflo Corporation, [9] RockShox, Rockwood Industries, TAL International Group, [10] [11] Universal Technical Institute and Vivid Imaginations. [12]

It acquired ACR Electronics and Drew Marine in November 2013. [13] [14] [15]

In 2018, the company raised $3.63 billion for its fourth fund, according to a filing with the Securities and Exchange Commission. [16] In 2020, TJC joined Diligent Corporation's Modern Leadership Initiative and pledged to create five new board roles among its portfolio companies for racially diverse candidates. [17] [18]

In May 2021, the company purchased a majority share of engineered plastics manufacturer Spartech from Nautic Partners for an undisclosed amount. [19]

On November 27 2023, TJC L.P. announced that it had agreed to purchase L3Harris' Commercial Aviation Solutions business for up to $800 million. [20]

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References

  1. ↑ "COMPANY NEWS; WILLIAMS TO SELL PAINT UNITS FOR $453 MILLION". The New York Times . May 9, 2000.
  2. ↑ US firm The Jordan Company closes $3.6bn mid-market fund Archived 2008-06-12 at the Wayback Machine AltAssets, February 2008
  3. ↑ Jordan's Founder Adds American Safety Razor. New York Times, April 19, 1989
  4. ↑ American Safety Razor Is Being Acquired. New York Times, February 16, 1999
  5. ↑ "Bojangles', Inc., Durational Capital Management and The Jordan Company Complete Acquisition". GlobeNewswire (Press release). January 28, 2019. Retrieved July 27, 2019.
  6. ↑ Fannie May Candy In Jordan Co. Deal. New York Times, November 6, 1991
  7. ↑ Davies, Megan (July 21, 2008). "Buyout firm Jordan acquires marine transport firm". Reuters. Archived from the original on September 28, 2020. Retrieved February 8, 2023.
  8. ↑ Suit Accuses 3M Of Tape Monopoly. New York Times, June 12, 1997
  9. ↑ INVENSYS WILL SELL ITS METERING UNIT. New York Times, October 23, 2003
  10. ↑ AEGON, FOCUSING ON INSURANCE, SELLS CONTAINER UNIT. New York Times, November 5, 2004
  11. ↑ UK Klesch acquires Transamerica Maritime Containers in $1.2 billion deal Archived 2008-03-07 at the Wayback Machine AltAssets, November 2004
  12. ↑ UK's Phoenix Equity Partners backs secondary buy-out of toy maker Vivid Imaginations Archived 2004-12-22 at the Wayback Machine AltAssets, January 2003
  13. ↑ "Newly Merged Drew Marine and ACR Under New Ownership". The Maritime Executive. Retrieved 2024-05-25.
  14. ↑ Blenkey, Nick (2016-03-04). "Drew Marine acquires Iridium specialist NAL Research". Marine Log. Retrieved 2024-05-25.
  15. ↑ "J.F. Lehman sells portfolio companies Drew Marine and ACR Electronics to The Jordan Company | Experience". www.jonesday.com. Retrieved 2024-05-25.
  16. ↑ Kreutzer, Laura (2018-11-30). "Jordan Co. Raises $3.63 Billion for Fund IV". Wall Street Journal. ISSN   0099-9660 . Retrieved 2019-01-08.
  17. ↑ "AIC Members Join Diligent's Modern Leadership Initiative To Improve Board Diversity At Private Equity-Backed Businesses". American Investment Council. 2020-10-01. Retrieved 2020-12-30.
  18. ↑ "Modern Governance Requires Modern Leadership". diligent.com. Retrieved 2020-12-30.
  19. ↑ Diana Barr, "St. Louis-based manufacturer Spartech acquired by The Jordan Co.," St. Louis Business Journal, May 10, 2021.
  20. ↑ "L3Harris to sell its commercial aviation solutions business for $800 million". Yahoo Finance. 2023-11-27. Retrieved 2023-11-27.
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