TJC L.P. (formerly known as The Jordan Company) is a

private equity firm A private equity firm or private equity company (often described as a financial sponsor) is an investment management company that provides financial backing and makes investments in the private equity of a Startup company, startup or of an existin ...

focused on

leveraged buyout A leveraged buyout (LBO) is the acquisition of a company using a significant proportion of borrowed money (Leverage (finance), leverage) to fund the acquisition with the remainder of the purchase price funded with private equity. The assets of t ...

and

management buyout A management buyout (MBO) is a form of acquisition in which a company's existing managers acquire a large part, or all, of the company, whether from a parent company or individual. Management- and/or leveraged buyouts became noted phenomena of 19 ...

investments in smaller

middle-market companies A middle-market or mid-market company is one that is larger than a small business and smaller than a big business. Different authorities use different metrics to compare company sizes — some look at revenue, others at either asset size or number ...

across a range of industries. The firm, a

limited partnership A limited partnership (LP) is a type of partnership with general partners, who have a right to manage the business, and limited partners, who have no right to manage the business but have only limited liability for its debts. Limited partnership ...

based in

New York City New York, often called New York City (NYC), is the most populous city in the United States, located at the southern tip of New York State on one of the world's largest natural harbors. The city comprises five boroughs, each coextensive w ...

, 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 A merchant bank is historically a bank dealing in commercial loans and investment. In modern British usage, it is the same as an investment bank. Merchant banks were the first modern banks and evolved from medieval merchants who traded in commod ...

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. Among the dozens of current and prior investments completed by TJC are the following:

American Safety Razor Company American Safety Razor Company is a personal care brand founded in 1906 by a merger of the Gem Cutlery Company and Ever-Ready. It is a principal competitor to Gillette, with which it shared a name from 1901 to 1904, when the latter renamed for i ...

, Bojangles' Famous Chicken 'n Biscuits (in conjunction with Durational Capital Management),

Carmike Cinemas Carmike Cinemas, Inc. was an American motion picture exhibitor headquartered in Columbus, Georgia. As of March 2016, the company had 276 theaters with 2,954 screens in 41 states, and was the fourth largest movie theater chain in the United State ...

Fannie May Fannie May Confection Brands, Inc. is an American chocolate manufacturer headquartered in Chicago and currently owned by multinational company Ferrero SpA. Fannie May manufactures a broad variety of products including enrobed, barks, caramels, s ...

Great American Cookie Great American Cookie Co., Trade name, doing business as Great American Cookies, is an American chain of independently owned and operated franchised stores that specialize in gourmet cookies, especially cookie cakes. It has over 290 stores in th ...

, Harvey Gulf, Lepage's Industries,

Lincoln Industrial Corporation Lincoln Industrial Corporation (Lincoln) is a manufacturer of automated lubrication systems, manual lubrication equipment and industrial pumping systems, and subsidiary of Svenska Kullagerfabriken AB (SKF). Founded in 1910, the company has been ...

, Newflo Corporation,

RockShox RockShox Inc. is an American company founded by Paul Turner in 1989, that develops and manufactures bicycle suspensions. The company led in the development of mountain bikes. It is now part of SRAM Corporation. History Start RockShox was foun ...

, Rockwood Industries, TAL International Group,

Universal Technical Institute Universal Technical Institute, Inc. (UTI) is a private for-profit system of technical colleges in the United States. It was established in 1965 by Robert Sweet. History Universal Technical Institute was founded in 1965. UTI expanded its progra ...

and

Vivid Imaginations Vivid Imaginations is a British toy manufacturer, distributor and wholesale company, based in Guildford, Surrey. Founded in 1992, one of the company's first toy lines it manufactured was Captain Scarlet, which has since been followed by Thunde ...

. It acquired

ACR Electronics ACR Electronics, Inc. (also known as the ACR Group) is an American manufacturer that produces search and rescue and communications equipment for use in aviation, military, outdoor recreation, and watercraft. History ACR Electronics, Inc. was fo ...

and Drew Marine in November 2013. In 2018, the company raised $3.63 billion for its fourth fund, according to a filing with the Securities and Exchange Commission. 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. In May 2021, the company purchased a majority share of engineered plastics manufacturer Spartech from

Nautic Partners Nautic Partners is a private equity firm focused on leveraged buyout investments in middle market companies across a range of industries that includes healthcare, industrial products, and outsourced services. History The firm, which is based i ...

for an undisclosed amount.Diana Barr
"St. Louis-based manufacturer Spartech acquired by The Jordan Co.,"
''St. Louis Business Journal'', May 10, 2021. On November 27 2023, TJC L.P. announced that it had agreed to purchase

L3Harris L3Harris Technologies, Inc. is an American technology company, defense contractor, and information technology services provider that produces products for command and control systems, wireless equipment, tactical radios, avionics and electroni ...

' Commercial Aviation Solutions business for up to $800 million.

References

External links

* {{private equity firms Private equity firms of the United States Financial services companies established in 1982 1982 establishments in New York (state)