BB&T Capital Partners Recaps JML Optical Industries

Private equity firm BB&T Capital Partners completed a control recapitalization of JML Optical Industries. The firm invested $9.7 million as part of the transaction. Senior debt for the transaction was provided by M&T Bank. M&T Investment Banking Group served as exclusive financial advisor to JML.

PRESS RELEASE:

BB&T Capital Partners is pleased to announce the control recapitalization of JML Optical Industries in partnership with an experienced executive who has replaced JML’s retiring founder as the Company’s new CEO. Based in Rochester, New York, JML is a leading designer and manufacturer of custom precision optical components primarily for OEM manufacturers in the defense, medical diagnostic, life sciences, semiconductor, graphic arts, metrology and biometrics industries.

BB&T Capital Partners invested $9.7 million in equity to recapitalize the Company in conjunction with the Company’s new CEO, its founder and other members of management. Senior debt for the transaction was provided by M&T Bank. M&T Investment Banking Group served as exclusive financial advisor to JML.

For additional information on this transaction, please contact Brent Kulman at 336-733-0354 or bkulman@bbandt.com.

For more information about JML, visit the Company’s website at www.jmloptical.com.