Littlejohn & Co. Announces Agreement to Acquire Brown Jordan International
Furniture World News Desk on
12/24/2016
Littlejohn & Co., LLC, a private investment firm based in Greenwich, CT, announced recently that an affiliate has entered into a definitive agreement to acquire Brown Jordan International, Inc., (“BJI”) a manufacturer of indoor and outdoor furniture serving a variety of commercial and consumer markets. The transaction has been approved by the boards of directors of both companies and is expected to close in late January 2017.
Headquartered in St. Augustine, Florida, BJI offers a complete line of indoor and outdoor furnishings primarily for use in hospitality, leisure, multi-family, corporate, restaurant and other commercial environments through its Brown Jordan, Charter, Texacraft, and Tropitone segments. The company also selectively serves the consumer market. Known for its design innovation, jewel precision and heirloom quality, the Brown Jordan brand serves as the gold standard in outdoor furnishings since its founding in 1945. The company generates in excess of $300 million of sales.
Debt financing commitments in support of the acquisition have been provided by Goldman Sachs and Société Générale. Moelis & Company served as exclusive financial advisor to Brown Jordan.
More about Littlejohn & Co., LLC: Littlejohn & Co. is a Greenwich, Connecticut-based private equity firm investing in middle-market companies that are undergoing a fundamental change in capital structure, strategy, operations or growth that can benefit from its operational and strategic approach. The firm is currently investing from Littlejohn Fund V, L.P., which has $2 billion in capital commitments. For more information, visit
www.littlejohnllc.com.