TJC L.P.
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TJC L.P. (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, a limited partnership 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]
References
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- ↑ Script error: No such module "citation/CS1".
- ↑ US firm The Jordan Company closes $3.6bn mid-market fund Script error: No such module "webarchive". AltAssets, February 2008
- ↑ Jordan's Founder Adds American Safety Razor. New York Times, April 19, 1989
- ↑ American Safety Razor Is Being Acquired. New York Times, February 16, 1999
- ↑ Script error: No such module "citation/CS1".
- ↑ Fannie May Candy In Jordan Co. Deal. New York Times, November 6, 1991
- ↑ Script error: No such module "citation/CS1".
- ↑ Suit Accuses 3M Of Tape Monopoly. New York Times, June 12, 1997
- ↑ INVENSYS WILL SELL ITS METERING UNIT. New York Times, October 23, 2003
- ↑ AEGON, FOCUSING ON INSURANCE, SELLS CONTAINER UNIT. New York Times, November 5, 2004
- ↑ UK Klesch acquires Transamerica Maritime Containers in $1.2 billion deal Script error: No such module "webarchive". AltAssets, November 2004
- ↑ UK's Phoenix Equity Partners backs secondary buy-out of toy maker Vivid Imaginations Script error: No such module "webarchive". AltAssets, January 2003
- ↑ Script error: No such module "citation/CS1".
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- ↑ Diana Barr, "St. Louis-based manufacturer Spartech acquired by The Jordan Co.," St. Louis Business Journal, May 10, 2021.
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External links
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