Content deleted Content added
Alternate ref for Harvey Gulf buyout (dead link) |
No edit summary |
||
| (12 intermediate revisions by 6 users not shown) | |||
Line 2:
{{for|other companies called Jordan|Jordan (disambiguation)#Businesses}}
{{Infobox company
| name =
| logo = [[Image:Jordan Company logo.png|200px|Jordan Company logo]]
| type = [[
| foundation = {{start date and age|1982}}
| founder = [[John W. Jordan II]]
| location = [[New York, New York]],
| industry = [[Private equity]]
| products = [[Leveraged buyout]], [[growth capital]]
| assets = $6 billion
| homepage = {{official website}}
| num_employees = 25+
}}
'''TJC''', formerly known as '''The Jordan Company'''
The firm, which is 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
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.<ref>[http://www.altassets.com/news/arc/2008/nz12661.php US firm The Jordan Company closes $3.6bn mid-market fund] {{webarchive|url=https://web.archive.org/web/20080612065153/http://www.altassets.com/news/arc/2008/nz12661.php
Among the dozens of current and prior investments completed by TJC are the following: [[American Safety Razor Company]],<ref>[https://query.nytimes.com/gst/fullpage.html?res=950DE0DC1338F93AA25757C0A96F948260 Jordan's Founder Adds American Safety Razor]. [[New York Times]], April 19, 1989</ref><ref>[https://query.nytimes.com/gst/fullpage.html?res=940CEFD8133AF935A25751C0A96F958260 American Safety Razor Is Being Acquired]. [[New York Times]], February 16, 1999</ref> [[Bojangles' Famous Chicken 'n Biscuits]] (in conjunction with Durational Capital Management),<ref>{{Cite press release|url=http://globenewswire.com/news-release/2019/01/28/1706253/0/en/Bojangles-Inc-Durational-Capital-Management-and-The-Jordan-Company-Complete-Acquisition.html|title=Bojangles', Inc., Durational Capital Management and The Jordan Company Complete Acquisition|date=January 28, 2019|work=[[GlobeNewswire]]|accessdate=July 27, 2019}}</ref> [[Carmike Cinemas]], [[Fannie May]],<ref>[https://query.nytimes.com/gst/fullpage.html?res=9D0CE2DA123BF935A35752C1A967958260 Fannie May Candy In Jordan Co. Deal]. [[New York Times]], November 6, 1991</ref> [[Great American Cookie]], Harvey Gulf,<ref>{{cite web|url=https://www.reuters.com/article/bondsNews/idUSN2141663720080721 |url-status=live |archive-url=https://web.archive.org/web/20200928071345/https://www.reuters.com/article/bondsNews/idUSN2141663720080721 |archive-date=September 28, 2020 |title=Buyout firm Jordan acquires marine transport firm |last=Davies |first=Megan |publisher=Reuters |date=July 21, 2008 |access-date=February 8, 2023}}</ref> Lepage's Industries,<ref>[https://query.nytimes.com/gst/fullpage.html?res=9D00E6D71F3CF931A25755C0A961958260 Suit Accuses 3M Of Tape Monopoly]. [[New York Times]], June 12, 1997</ref> [[Lincoln Industrial Corporation]], Newflo Corporation,<ref>[https://query.nytimes.com/gst/fullpage.html?res=9C01EFD61731F930A15753C1A9659C8B63 INVENSYS WILL SELL ITS METERING UNIT]. [[New York Times]], October 23, 2003</ref> [[RockShox]], Rockwood Industries, TAL International Group,<ref>[https://query.nytimes.com/gst/fullpage.html?res=9400E6DF153CF936A35752C1A9629C8B63 AEGON, FOCUSING ON INSURANCE, SELLS CONTAINER UNIT]. [[New York Times]], November 5, 2004</ref><ref>[http://www.altassets.com/news/arc/2004/nz5715.php UK Klesch acquires Transamerica Maritime Containers in $1.2 billion deal] {{webarchive|url=https://web.archive.org/web/20080307061017/http://www.altassets.com/news/arc/2004/nz5715.php
It acquired [[ACR Electronics]] and Drew Marine in November 2013.<ref name=":4">{{Cite web |title=Newly Merged Drew Marine and ACR Under New Ownership |url=https://maritime-executive.com/corporate/Newly-Merged-Drew-Marine-and-ACR-Under-New-Ownership-2013-11-20 |access-date=2024-05-25 |website=The Maritime Executive |language=en}}</ref><ref name=":5">{{Cite web |last=Blenkey |first=Nick |date=2016-03-04 |title=Drew Marine acquires Iridium specialist NAL Research |url=https://www.marinelog.com/news/drew-marine-acquires-iridium-specialist-nal-research/ |access-date=2024-05-25 |website=Marine Log |language=en-US}}</ref><ref>{{Cite web |title=J.F. Lehman sells portfolio companies Drew Marine and ACR Electronics to The Jordan Company {{!}} Experience |url=https://www.jonesday.com/en/practices/experience/2013/11/jf-lehman-sells-portfolio-companies-drew-marine-and-acr-electronics-to-the-jordan-company |access-date=2024-05-25 |website=www.jonesday.com |language=en}}</ref>
In 2018, the company raised $3.63 billion for its fourth fund, according to a filing with the Securities and Exchange Commission.<ref>{{Cite news|url=https://www.wsj.com/articles/the-jordan-co-raises-3-63-billion-for-fund-iv-1543614288|title=Jordan Co. Raises $3.63 Billion for Fund IV|last=Kreutzer|first=Laura|date=2018-11-30|work=Wall Street Journal|access-date=2019-01-08|language=en-US|issn=0099-9660}}</ref> In 2020, TJC joined [[Diligent Corporation|Diligent Corporation's]] Modern Leadership Initiative and pledged to create five new board roles among its portfolio companies for racially diverse candidates.<ref>{{Cite web|date=2020-10-01|title=AIC Members Join Diligent’s Modern Leadership Initiative To Improve Board Diversity At Private Equity-Backed Businesses|url=https://www.investmentcouncil.org/aic-members-join-diligents-modern-leadership-initiative-to-improve-board-diversity-at-private-equity-backed-businesses/|access-date=2020-12-30|website=American Investment Council|language=en-US}}</ref><ref>{{Cite web|last=|first=|date=|title=Modern Governance Requires Modern Leadership|url=https://diligent.com/modern-leadership|url-status=live|archive-url=|archive-date=|access-date=2020-12-30|website=diligent.com|language=en-US}}</ref>▼
▲In 2018, the company raised $3.63 billion for its fourth fund, according to a filing with the Securities and Exchange Commission.<ref>{{Cite news|url=https://www.wsj.com/articles/the-jordan-co-raises-3-63-billion-for-fund-iv-1543614288|title=Jordan Co. Raises $3.63 Billion for Fund IV|last=Kreutzer|first=Laura|date=2018-11-30|work=Wall Street Journal|access-date=2019-01-08|language=en-US|issn=0099-9660}}</ref> In 2020, TJC joined [[Diligent Corporation|Diligent Corporation's]] Modern Leadership Initiative and pledged to create five new board roles among its portfolio companies for racially diverse candidates.<ref>{{Cite web|date=2020-10-01|title=AIC Members Join
In May 2021, the company purchased a majority share of engineered plastics manufacturer Spartech from [[Nautic Partners]] for an undisclosed amount.<ref name="barr">Diana Barr, [https://www.bizjournals.com/stlouis/news/2021/05/10/spartech-acquired-by-the-jordan-company.html "St. Louis-based manufacturer Spartech acquired by The Jordan Co.,"] ''St. Louis Business Journal'', May 10, 2021.</ref>
On November 27 2023, TJC L.P. announced that it had agreed to purchase [[L3Harris]]' Commercial Aviation Solutions business for up to $800 million.<ref>{{Cite web |date=2023-11-27 |title=L3Harris to sell its commercial aviation solutions business for $800 million |url=https://finance.yahoo.com/news/l3harris-sell-commercial-aviation-solutions-135703892.html |access-date=2023-11-27 |website=Yahoo Finance |language=en-US}}</ref>
==References==
| |||