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The Jordan Company has a significant presence in the private equity industry through its subsidiaries. One of its notable subsidiaries is Lincolnshire Management, which was acquired by The Jordan Company in 2019.
The Jordan Company operates in a competitive landscape, with several key competitors in the private equity space.
One notable competitor is KKR & Co., a global investment firm that was founded in 1976 by Henry Kravis, Jerome Kohlberg, and George Roberts.
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History of The Jordan Company
The Jordan Company has a rich history that spans over two decades. Founded by Robert Jordan, the company's roots date back to the 1970s.
By the end of 1995, the company's stable of companies combined for sales in excess of $500 million. This diverse portfolio included products and services such as specialty advertising products, watches, and pressure-sensitive labels.
The company's long-term approach to investing was evident in its major deals, including the $240 million LBO of sports apparel manufacturer Winning Ways Inc. in 1996. This deal was nearly a decade in the making, showcasing the company's patient approach to business.
Winning Ways Inc. was founded in 1974 by Bob Wolff and started out designing and selling tennis warmup suits. The company expanded into other sportswear in 1979 and scored a major success in 1985 with the creation of its GEAR for Sports division.
TJC invested some $600 million from 1997 to 2001, but had to slough off approximately $125 million more on other equity sponsors due to capital constraints. This experience led the firm to launch its first private equity fund in 2002.
The Resolute Fund, a $1.5 billion private equity fund, was launched in 2002 and met its target despite challenging economic conditions.
Company Overview
The Jordan Company is a long-term investor that seeks to value over time, not overnight.
The company's portfolio is diverse, with sales exceeding $500 million by the end of 1995, drawn from various products and services such as specialty advertising products, watches, and electronics connectors.
One of the major deals engineered by TJC was the $240 million LBO of sports apparel manufacturer Winning Ways Inc. in 1996.
Winning Ways was founded in 1974 by chairman Bob Wolff and started out designing and selling tennis warmup suits, expanding into other sportswear in 1979.
Annual sales grew to around $185 million when TJC acquired the company, and the management team was kept on and received equity stakes in the business.
TJC invested some $600 million from 1997 to 2001, but had to slough off approximately $125 million more on other equity sponsors due to capital constraints.
The firm launched its first private equity fund, The Resolute Fund, in 2002, with a target of $1.5 billion, which met its target despite less than ideal economic conditions.
Subsidiaries and Competitors
The Jordan Company has a strong presence in the private equity industry, with a focus on investing in businesses that have a strong potential for growth.
One of its notable subsidiaries is American Securities, which invests in middle-market companies in the United States.
The Jordan Company has a diverse portfolio of investments, including companies in the aerospace, defense, and industrial sectors.
Its competitors in the private equity industry include firms such as Blackstone and KKR, which also invest in middle-market companies.
Principal Subsidiaries
Let's take a closer look at the principal subsidiaries of a company. Apparel Ventures, Inc. is one of them.
Apparel Ventures, Inc. is a subsidiary that deals with apparel-related businesses.
Healthcare Products Holdings, Inc. is another significant subsidiary, focusing on healthcare products.
Kinetek, Inc. is a subsidiary that handles various technical and engineering services.
Lincoln Industrial Corporation is a subsidiary that operates in the industrial sector, providing various products and services.
Precision Engineered Products, Inc. is a subsidiary that specializes in precision engineered products.
Safety Insurance Group, Inc. is a subsidiary that focuses on insurance-related services.
Tolin Mechanical Systems Company is a subsidiary that deals with mechanical systems and services.
Universal Technical Institute, Inc. is a subsidiary that provides technical education and training services.
Discover more: Union Square Ventures
Principal Competitors
Clayton, Dubilier, & Rice, Inc. is a notable competitor in the industry, as seen in the article.
Haas Wheat & Partners is another significant player that rivals several companies in the market.
Heico Companies LLC is a major competitor that has been mentioned alongside other industry leaders in the article.
Frequently Asked Questions
Who is the owner of The Jordan Company?
The founder and chairman of The Jordan Company is John Weaver "Jay" Jordan II. He is also the owner of the private equity firm.
How big is The Jordan Company fund?
The Jordan Company's Resolute Fund VI raised $6.85 billion, exceeding its $6 billion goal and surpassing the previous fund's $5 billion close in 2021.
How much money does The Jordan Company have?
The Jordan Company has $22.9 billion in assets under management as of March 31, 2023. This significant AUM reflects the company's substantial investment capabilities and market presence.
Sources
- https://en.wikipedia.org/wiki/The_Jordan_Company
- https://www.prnewswire.com/news-releases/trimble-to-divest-four-businesses-to-the-jordan-company-301524488.html
- https://www.encyclopedia.com/books/politics-and-business-magazines/jordan-company-lp
- https://celebrityaccess.com/caarchive/venture-capital-firm-jordan-co-obtains-majority-share-of-prg/
- https://www.wikiwand.com/en/articles/The_Jordan_Company
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