Ridgemont Equity Partners Acquires J.A.M. Distributing Company
December 19, 2012
Ridgemont Equity Partners, a middle market buyout and growth equity investor, today announced the closing of a majority equity investment in J.A.M. Distributing Company (“J.A.M.” or “the Company”), a leading distributor of lubricants, fuel, base stock and ancillary products. The financial terms of the transaction were not disclosed.
J.A.M. is headquartered at its main terminal in Houston, Texas, with additional terminal operations in Dallas, Beaumont, Lufkin, Clute and Galveston. For over forty years, the Company has been a leading lubricant distributor of ExxonMobil products and today serves the industrial, commercial vehicle, passenger vehicle and marine end markets.
"We are pleased to partner with senior management of J.A.M. and continue upon the Company’s long history of providing industry leading products and services to its customers in several markets throughout the state of Texas," said Rob Edwards, a Partner at Ridgemont. "We recognize the tremendous accomplishments of the Company’s founder and retiring CEO, Johnny Maniscalco, in building J.A.M. into the organization that it is today, and we wish Johnny our best going forward,” added Jack Purcell, a Principal at Ridgemont.
“Our first introduction to Ridgemont displayed their professionalism and knowledge of investing in diverse industries. They definitely had a very strong interest in J.A.M. Distributing and the desire to make a substantial investment in my company. I believe that Ridgemont Equity Partners will be a very good fit for J.A.M. because of their commitment to our employees, customers and the continued growth of our business. I wish the new partnership a long and very prosperous future,” said Johnny Maniscalco.
About J.A.M. Distributing Company
J.A.M. is a distributor of lubricants, fuel, base stock, and ancillary products for the industrial, commercial vehicle, passenger vehicle, and marine end markets throughout the state of Texas.
About Ridgemont Equity Partners
Ridgemont Equity Partners is a Charlotte-based middle market buyout and growth equity investor. Since 1993, the principals of Ridgemont have invested over $5 billion. The firm focuses on equity investments up to $250 million and utilizes a proven, industry-focused investment approach and repeatable value creation strategies. Ridgemont’s most recent flagship fund, REP III, was formed in 2018 and has $1.65B of committed capital.