Pro Mach, Inc. Cincinnati,
announced July 6 the completion of its
acquisition by The Resolute Fund II, L.P., an affiliate of The Jordan Company,
from Odyssey Investment Partners, LLC (see
Pro Mach to be acquired by The Jordan Company
. Financial terms of the
transaction were not disclosed. Two key points that are of note:
• Management
team remains intact
• Pro Mach to
accelerate growth strategy and customer service initiatives
“We are proud to
announce our new ownership under The Jordan Company,” says Mark Anderson, Pro
Mach President and CEO. “Our management team and I look forward to partnering
with them to accelerate our growth strategy and build on our position as one of
the largest packaging machinery manufacturers in North
America.
“Our outstanding management team, which transformed Pro Mach
from a collection of individual brands to a leading integrated solution
provider, will remain intact and continue to lead our growth and execute our
strategy,” says Anderson. “The Jordan Company, with headquarters in New York and offices in Chicago
and Shanghai, China, will provide significant
support for Pro Mach and its management team to draw upon as we continue to
grow our company and fulfill our highest priority–serving our customers. With
The Jordan Company’s support, we look forward to enhancing ProCustomer, our
exemplary customer sales, support and service program that Pro Mach is
recognized for in the packaging industry.”
Pro Mach’s product and solution brands include Allpax, Axon,
Brenton, Currie by Brenton, Dekka, Fowler, ID Technology, IPak, LSI, Orion,
Ossid, Rennco, Roberts PolyPro, Shuttleworth, Wexxar/Bel, and ProCustomer.
“By providing a single source for integrated solutions and a
wide range of standalone products, Pro Mach solves strategically important
packaging operations challenges for a diverse range of customers every day,”
says Brian Higgins, Principal, The Jordan Company. “Pro Mach and its brands
have an excellent reputation for consistent delivery of exceptional products
and support to its demanding customers, many of whom have been customers for
more than 20 years. We look forward to working with the Pro Mach management
team to expand Pro Mach’s capabilities to provide superior products and
services to its customers.”
Pro Mach is a leading provider of integrated packaging
products and solutions for food, beverage, household goods, pharmaceutical, and
other diverse consumer and industrial companies. Through three business units
and related divisions, Pro Mach provides equipment, training, installation, and
parts in primary packaging, end-of-line packaging, and identification and
tracking.
Pro Mach has a diverse customer base, from Fortune 500
companies to smaller, privately-held businesses worldwide, which depend on
reliable, flexible, technologically advanced packaging equipment and integrated
solution sets. Pro Mach is headquartered near Cincinnati,
Ohio with manufacturing facilities and offices
throughout the United States
and Canada.
For more information about Pro Mach, visit www.ProMachInc.com.
About The Jordan Company
The Jordan Company (www.thejordancompany.com),
founded in 1982, is a leading middle-market private equity firm with over $5
billion of assets under management and a successful track record of investing
in and growing businesses across a wide range of industries. The firm's
partners have been investing together for more than two decades, establishing
The Jordan Company as one of the most experienced and stable investment teams
in private equity. The investment team is supported by the firm's Operations
Management Group, which initiates and supports operational improvements in
portfolio companies. The firm generates deal flow through a well-developed
network of sourcing relationships. Headquartered in New
York, The Jordan Company also has offices in Chicago
and Shanghai.
About Odyssey Investment Partners
Odyssey Investment Partners, LLC, with offices in New York and Los
Angeles, is a leading middle-market private equity
firm with more than $2 billion under management. Odyssey Investment Partners,
LLC primarily makes control investments typically in established middle-market
companies in a variety of industries. For further information about Odyssey
Investment Partners, LLC, please visit www.odysseyinvestment.com.
The firm can be reached in New York
at 280 Park Avenue, New York, NY 10017 or 212-351-7900; and in California at 21650 Oxnard Street, Woodland Hills, CA 91367 or 818-737-1111.
Pro Mach announces new ownership by The Jordan Company
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