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The Jordan Company sells Haas Group to Wesco Aircraft Holdings

The Resolute Fund with certain additional funds managed by The Jordan Company has completed the sale of Haas Group to Wesco Aircraft Holdings for $550 million in cash, subject to certain post-closing adjustments. Haas is a provider of outsourced chemical supply chain management solutions.

The Jordan Company sells Haas Group

The Resolute Fund and funds managed by The Jordan Company are selling the Haas Group, a provider of outsourced chemical supply chain management solutions, to Wesco Aircraft Holdings for $550 million, subject to certain closing adjustments. Haas is headquartered in West Chester, PA.

J.F. Lehman completes ACR Electronics sale

J.F. Lehman & Company has sold its portfolio company ACR Electronics to affiliates of The Jordan Company. ACR is a provider of safety and survival solutions including emergency rescue beacons and safety and signaling lighting to aviation, marine, military and outdoor customers. Terms of the transaction were not disclosed.

Jordan Company Acquires Sequa

The Resolute Fund, an affiliate of The Jordan Company, has partnered with the management team of Sequa Automotive Group to purchase the business from its parent company, Sequa Corporation, an industrial company with operations in aerospace and metal coatings. Financial terms of the transaction were not disclosed.

Need To Sell? Sensus

Need To Sell, a feature in Buyouts magazine, is a mini-profile of a company that, judging by how long its been in its sponsor’s portfolio, should be ripe for a sale and hence a potential deal opportunity. This is an updated version that ran in the Aug. 13 edition. –BV For a sponsor looking to buy […]

TAL International Announced Secondary Offering

TAL International Group Inc. announced Wednesday a secondary offering of 3 million shares by selling stockholders including The Jordan Company, JZ Capital Partners and Edgewater Growth Capital Partners. Specific terms were not released. BofA Merrill Lynch will be the sole underwriter of the offering. PRESS RELEASE TAL International Group, Inc. (the “Company”) TAL -2.39% announced […]

Providence Firm With Aging Portfolio Sniffs Out An Exit: Source

Nautic Partners LLC is shopping Agilex Flavors & Fragrances, a maker of fragrances used in cosmetic, household and specialty products, sister magazine Buyouts has learned from a source who has reviewed a book marketing the sale. It shouldn’t be a shocker that Nautic is looking to unload the company, considering that it has been in […]

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