RIVER ASSOCIATES HAS ACQUIRED JBC TECHNOLOGIES
Birmingham, Michigan – January 31, 2020 – Angle Advisors is pleased to announce that River Associates Investments (“River Associates”) has acquired JBC Technologies, Inc. (“JBC” or the “Company”). Angle Advisors acted as the exclusive investment banking advisor to JBC in completing this transaction.
Founded in 1988, JBC Technologies is a full-service engineering, die cutting, and supply chain partner of precision flexible components for a diverse range of end markets. JBC provides die cut and assembled components utilizing over 4,100 flexible material and component combinations, such as foams, foils, rubbers, fabrics, tapes, gaskets, and several others, including some proprietary blends developed in-house. The Company serves OEM customers ranging in size from Fortune 500 companies to lower middle-market entities in the appliance, HVAC, automotive, electronics, and general industrial space. JBC’s products are often used in special applications to address critical requirements for sealing, noise reduction, vibration elimination, thermal shielding, lightweighting, and fastening. JBC is headquartered in North Ridgeville, Ohio with an additional facility located in Madison, Wisconsin.
River Associates Investments is a private equity firm focused exclusively on investing in the lower middle-market, where they have 30 years of experience in closely partnering with management teams. Founded in Chattanooga in 1989, River Associates has built a reputation for integrity and acumen among all of its constituencies: limited partners, investment referral sources, senior & mezzanine debt partners and portfolio company management teams. The firm generally focuses on companies in sectors across the manufacturing, distribution, and industrial services industries and targets platform investments with revenues ranging from $15 million to $100 million. River Associate’s “Investments with Management” philosophy captures the spirit of partnership that guides the firm’s actions in all aspects of business. For additional information, please visit www.riverassociates.com.
Angle Advisors, with offices in the United States, Germany, and China, specializes in mergers and acquisitions and capital raising. The firm’s professionals have completed 219 transactions since 2009 for multinational corporations, privately-held companies, private equity funds, and public sector clients. For additional information, please visit www.angleadvisors.com.