Briarcliff Manor, NY – July 15, 2014. Saw Mill Capital is pleased to announce that it has successfully completed the sale of Jason Incorporated (“Jason”) to Quinpario Acquisition Corp. which later changed its name to Jason Industries, Inc. (Nasdaq: JASN). Prior to the sale, Jason was owned by a group of investors including Saw Mill Capital LLC, Falcon Investment Advisors, LLC, and Hamilton Lane Co‐Investment Fund II, LP.
“The Company has generated outstanding growth in revenue and profitability and is now positioned to build on that growth as a public company. We would like to thank the Jason management team and all employees for their hard work and dedication. We are confident the company will continue to thrive under its strong leadership team,” said Scott Rivard, Principal of Saw Mill.
“Saw Mill Capital has been a true partner to me and my management team as we have grown Jason. It has been a pleasure to work with them to execute our shared vision for the Company,” commented David Westgate, CEO of Jason.
About Jason
Based in Milwaukee, WI, Jason manufactures seating, finishing, components, and automotive acoustic products. It produces finishing products, including industrial brushes, buffing wheels, and buffing compounds for use in various industrial and infrastructure applications; and supplies seating solutions to equipment manufacturers in the motorcycle, lawn and turf care, industrial, agricultural, construction, and power sports end markets, as well as original equipment manufacturer seating for the heavyweight motorcycles. The company also manufactures engineered non‐woven, fiber‐based acoustical products for the auto industry in North America; and manufactures stamped, formed, expanded, and perforated metal components and subassemblies for rail and filtration applications, outdoor power equipment, small gas engines, and smart utility meters.
Falcon Investment Advisors, LLC
With offices in Boston and New York, Falcon Investment Advisors, LLC provides innovative capital solutions in amounts of $10 million to $75 million to middle market companies throughout North America. Since its founding in 2000, Falcon has invested in over 50 companies in a broad range of industries to support acquisitions, recapitalizations, buyouts and organic growth. Falcon is currently investing out of Falcon Strategic Partners IV, LP, a $910 million vehicle. For more information, please visit www.falconinvestments.com.
About Saw Mill Capital LLC
Based in Briarcliff Manor, NY, Saw Mill Capital LLC is an operations-oriented private equity firm focused on acquiring businesses with $40-150 million in revenues that can be meaningfully grown organically and through acquisitions. Saw Mill Capital partners with senior leadership teams to make control investments in businesses headquartered in North America. Saw Mill brings capital and unique resources to help companies reach their full potential by working collaboratively with senior leadership to create effective business strategies, implement best practices, and provide global market expertise.
