Arrowhead Electrical Products, which is backed by the Riverside Company and Investcorp, has acquired Cincinnati-based J&N, a distributor of aftermarket replacement rotating electrical parts and accessories. No financial terms were disclosed.
The Riverside Company and co-investor Investcorp have added J&N to the Arrowhead Electrical Products platform. Based in Cincinnati, J&N distributes aftermarket replacement rotating electrical parts and accessories used in a variety of off-highway markets, including industrial, agricultural, marine, and outdoor power equipment applications.
Like AEP, J&N is focused on non-discretionary, mission-critical replacement parts fundamental to the operation of a vehicle. J&N offers its wide variety of branded rotating electrical parts, including starters, alternators, and solenoids, to over 4,000 national and international customers.
“J&N is a well-recognized brand and leader in off-highway aftermarket rotating electrical products,” said Riverside Managing Partner Suzy Kriscunas. “We’re excited about the opportunity to increase Arrowhead’s scale in this attractive market and provide improved sales and service to our shared customer base.”
Riverside Principal Brad Roberts said the combination is highly complementary for both companies.
“J&N has exceptional operations and outstanding capabilities,” Roberts said. “The combination of Arrowhead and J&N will help us collectively improve the pace of new product introductions, expand customer reach, and enjoy extensive cross-selling opportunities.”
Riverside is aggressively expanding Arrowhead, and seeking complementary add-ons as part of its strategy.
Working with Kriscunas and Roberts on the deal for Riverside were Operating Partner Steve Stubitz, Vice President Drew Flanigan, Senior Associate Laura Swearingen and Associate Mark Barron. Riverside Partner Anne Hayes helped secure financing for the deal.
About The Riverside Company
The Riverside Company is a global private equity firm focused on making control and non-control investments in growing businesses valued at up to $400 million. Since its founding in 1988, Riverside has invested in more than 450 transactions. The firm’s international portfolio includes more than 85 companies.