M&A Deal Summary

The Jordan Company Acquires PRG

On August 21, 2007, private equity firm The Jordan Company acquired electrical equipment company PRG from BV Investment Partners for 600M USD

Acquisition Highlights
  • This is The Jordan Company’s 2nd transaction in the Electrical Equipment sector.
  • This is The Jordan Company’s 6th largest (disclosed) transaction.
  • This is The Jordan Company’s 20th transaction in the United States.
  • This is The Jordan Company’s 1st transaction in New York.

M&A Deal Summary

Date 2007-08-21
Target PRG
Sector Electrical Equipment
Buyer(s) The Jordan Company
Sellers(s) BV Investment Partners
Deal Type Secondary Buyout
Deal Value 600M USD

Target

PRG

Armonk, New York, United States
website
Production Resource Group, Inc. is a provider of lighting equipment and services to the premier live event industry, operating as a single-source provider of technology solutions to a marketplace which includes live entertainment (live theater, concert touring, film and television and special events), corporate events (trade and industrial shows) and themed environment (gaming, theme parks and retail) markets.

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Buyer(S) 1

Buyer

The Jordan Company

New York, New York, United States

website


Category Private Equity Firm
Founded 1982
PE ASSETS 11.0B USD
SizeMega
Type Sector Agnostic
DESCRIPTION

The Jordan Company (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. The Jordan Company was formed in 1982 and operates from offices in New York City and Chicago.


DEAL STATS #
Overall 22 of 75
Sector (Electrical Equipment) 2 of 6
Type (Secondary Buyout) 4 of 27
State (New York) 1 of 4
Country (United States) 20 of 73
Year (2007) 3 of 3
Size (of disclosed) 6 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-13 The Techs Industries

Pittsburgh, Pennsylvania, United States

The Techs is a Pennsylvania-based flat-rolled-steel galvanizing company. The business includes three hot-dip galvanizing facilities in the Pittsburgh, PA, area.

Sell $360M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-03 W-H Energy Services

Houston, Texas, United States

W-H Energy Services, Inc. is an oilfield service company, together with its subsidiaries, provides products and services for the drilling and completion of oil and natural gas wells, and the production of oil and natural gas in North America and international areas. The company operates through two segments, Drilling Related Products and Services, and Completion and Work over Related Products and Services.

Sell $3.2B

Seller(S) 1

SELLER

BV Investment Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1983
PE ASSETS 2.6B USD
SizeLarge
Type Sector Agnostic
DESCRIPTION

BV Investment Partners is a private equity firm partner with entrepreneurs and families to invest in sound businesses and provide them with significant strategic, operating, and analytical assistance to accelerate the growth of the company through organic initiatives and acquisitions. BV was formed in 1983 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 2 of 23
Sector (Electrical Equipment) 1 of 1
Type (Secondary Buyout) 2 of 7
State (New York) 1 of 3
Country (United States) 2 of 22
Year (2007) 2 of 2
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-28 ITM TwentyFirst

Minneapolis, Minnesota, United States

ITM TwentyFirst, LLC is a provider of life expectancy information that is currently used in the life settlement industry, the secondary market for life insurance, and with new applications planned to be launched in coming years. Company provides consistent, reproducible life expectancies using mortality tables coupled with numerous risk factors that impact mortality.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-02-29 Vista III Media Holdings

Atlanta, Georgia, United States

Vista III Media Holdings, LLC (Atlanta, GA) is a cable television MSO in the southeast.

Sell -