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JZ Capital Partners sells Justrite for USD21.4m

JZ Capital Partners has sold its investment in Justrite Manufacturing Company (Justrite) for USD21.4 million.

Justrite manufactures products specifically designed to help workers store, transfer, use and dispose of hazardous materials in a safe and convenient manner.
 
JZCP first invested in Justrite in June 2011 alongside an investor group led by the US private equity arm of Baird Capital. JZCP’s investment was USD6.1 million. 
 
David Zalaznick, JZCP’s Founder and Investment Adviser, says: “We invested in Justrite as part of our strategy to co-invest with strong sponsors such as Baird Capital. We appreciate the management team’s effort to make this a success.
 
“Proceeds from the sale will allow the Company to take advantage of the healthy pipeline of opportunities to acquire high quality companies and real estate assets at reasonable prices, and build on its track record of delivering attractive long-term returns for our investors.”

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