Jordan Company, Nautic to exit Precision Engineered Products

The Jordan Company and Nautic Partners said Monday they have agreed to sell Precision Engineered Products Holdings Inc. to NN Inc. Financial terms weren’t announced. NN, in a separate statement, said it is paying $615 million for Precision Engineered. Attleboro, Massachusetts-based Precision Engineered makes highly engineered precision customized solutions, like reusable and disposable surgical devices, for the medical, electrical, transportation and aerospace end markets. Piper Jaffray & Company and Lincoln International acted as financial advisors to PEP.


PE-owned Capstone Logistics buys Pinnacle Workforce Logistics

Capstone Logistics, which is owned by The Jordan Company, has acquired Pinnacle Workforce Logistics. No financial terms were disclosed. Based in Chino Hills, California, Pinnacle provides outsourced workforce solutions for distribution centers within the drug retail, grocery and retail sectors.


AEA Investors completes Pro Mach acquisition

AEA Investors has closed its buy of Pro Mach from The Jordan Company. No financial terms were disclosed. Headquartered near Cincinnati, Pro Mach is a provider of packaging machinery and integrated systems.


The Jordan Company buys Gulfstream

The Jordan Company has acquired Gulfstream Services, an oil field rental tools and services company. The deal was done in partnership with Gulfstream’s management team. No financial terms were disclosed.


The Jordan Company to acquire American Freight

The Jordan Company has agreed to buy Ohio-based American Freight, a discount furniture retailer. No financial terms were disclosed. MelCap Partners is serving as financial advisor to American Freight in the transaction.

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Hastings Equity Partners exits Advanced Precision Products

Hastings Equity Partners has sold Advanced Precision Products to Precision Engineered Products, which is owned by The Jordan Company and Nautic Partners. No financial terms were disclosed. Trudeau & Trudeau Associates provided financial advice to APP on the transaction. Based in Palmer, Mass., APP is a maker of components and products for the oil and gas, medical, aerospace, automotive, military and commercial OEM markets.


Venari Resources raises additional $1.3 bln from private equity group

Deepwater oil exploration company Venari Resources has raised an additional $1.3 billion from a group of investors. Venari’s management and existing investors Warburg Pincus, Kelso & Company, Temasek and The Jordan Company were joined by new investors GIC and BlackRock Private Equity Partners. To date, Venari has raised $2.4 billion, including $1.1 billion when the company was formed in May 2012.


The Jordan Company’s Transilwrap acquires MetPro Group

Transilwrap Company, a converter and manufacturer of specialty film products, has acquired MetPro Group, a supplier of active and protective packaging systems. The Jordan Company acquired Transilwrap in November 2013. Financial terms of the private transaction were not disclosed.


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.

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