JAC Products, a designer, manufacturer and global supplier of original equipment roof racks, cargo management systems, running boards and step rails to equipment vehicle manufacturers, has been acquired by Tulsa-based private equity fund Argonaut Private Equity.
The sale was effective 28 October 2016.
JAC Products, which has over 1,500 employees globally, was previously owned by Wynnchurch Capital. Terms of the sale were not disclosed.
The management team at JAC is remaining with the company to drive the implementation of their strategic growth plans. JAC is diversifying its product mix and expanding globally in to new markets. JAC continues to build on its legacy of thought leadership in the functional exterior trim market.
CEO Mike Wood will continue his leadership at JAC.
“We welcome our new owners Argonaut and Hall Capital. JAC is in a major growth phase and this new ownership is committed to the implementation of our strategic plan. It is an exciting time for JAC and we look forward to strengthening our relationships with our customers by providing them new innovative products in the markets they serve. This is great news for our customers, our employees and all of our stakeholders,” says Wood.
