M&A Deal Summary

Emerson Acquires Jordan Telecommunications Products

On December 14, 1999, Emerson acquired manufacturer Jordan Telecommunications Products from TJC for 440M USD

Acquisition Highlights
  • This is Emerson’s 1st transaction in the Manufacturing sector.
  • This is Emerson’s 9th largest (disclosed) transaction.
  • This is Emerson’s 8th transaction in the United States.
  • This is Emerson’s 1st transaction in Illinois.

M&A Deal Summary

Date 1999-12-14
Target Jordan Telecommunications Products
Sector Manufacturing
Buyer(s) Emerson
Sellers(s) TJC
Deal Type Add-on Acquisition
Deal Value 440M USD

Target

Jordan Telecommunications Products

Deerfield, Illinois, United States
Jordan Telecommunications Products, Inc. is a manufacturer of telecommunication equipment and supplies.

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Buyer(S) 1

Buyer

Emerson

St. Louis, Missouri, United States

website


Category Company
Founded 1890
Sector Diversified
Employees85,500
Revenue 19.6B USD (2022)
DESCRIPTION
Emerson Electric's corporate headquarters in St. Louis, Missouri.
Emerson Electric's corporate headquarters in St. Louis, Missouri.

Emerson is a diversified manufacturing and technology company. Emerson offers a wide range of products and services in the industrial, commercial, and consumer markets through its Process Management, Industrial Automation, Network Power, Climate Technologies, and Commercial & Residential Solutions businesses. Emerson was founded in 1890 and is based in St. Louis, Missouri.


DEAL STATS #
Overall 11 of 66
Sector (Manufacturing) 1 of 7
Type (Add-on Acquisition) 8 of 54
State (Illinois) 1 of 3
Country (United States) 8 of 42
Year (1999) 2 of 2
Size (of disclosed) 9 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-02-02 Kato Engineering

Mankato, Minnesota, United States

Kato Engineering is a manufacturer of electric generators for power plants based in Mankato, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-01-01 Knaack

Crystal Lake, Illinois, United States

Knaack is a manufacturer of jobsite storage equipment, including storage chests, workstations, rolling workbenches and hand tool boxes marketed under the KNAACK® brand. The Company also markets a complete line of truck and van equipment, including drawer units, shelving and cabinets, and racks for full size and compact pickups, vans and utility vehicles, under the WEATHER GUARD® brand.

Buy -

Seller(S) 1

SELLER

TJC

New York, New York, United States

website


Category Private Equity Firm
Founded 1982
PE ASSETS 14.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TJC is a private investment firm that specializes in acquiring North American middle-market businesses operating in basic industries. TJC specifically looks to provide liquidity for shareholders, raise capital for corporate growth and 'create significant equity opportunities for key management'. TJC will consider opportunities valued from $100 million to $2 billion in a wide variety of industries. Sectors of interest include aerospace/defense, automotive, building products, chemicals, consumer products, distribution, energy, financial services, healthcare, industrial products, insurance, metals, packaging, retail, transportation/logistics, and telecom. TJC was formerly known as The Jordan Company. The Firm was formed in 1982 and is based in New York City.


DEAL STATS #
Overall 3 of 57
Sector (Manufacturing) 1 of 10
Type (Add-on Acquisition) 1 of 21
State (Illinois) 1 of 6
Country (United States) 3 of 55
Year (1999) 2 of 2
Size (of disclosed) 8 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-08-05 PBT Brands

Hartford, Connecticut, United States

PBT Brands, Inc. is an automotive maintenance and repair chemical products and aircraft sealant products.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-01-01 LePage s

Romulus, Michigan, United States

LePage's, Inc. is a manufacturer of consumer pressure sensitive tape sold under private label. LePage’s also sells pressure sensitive tape under the “LePage’s” label, specialty tapes, adhesives and cements.

Sell -