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Nov. 15, 2012 /PRNewswire/ -- Quarton Partners is pleased to announce that Sequa Automotive Group, a division of Sequa Corporation, has been acquired by The Jordan Company L.P. Quarton Partners and Barclays acted as exclusive financial advisors to Sequa Corporation and The Carlyle Group.
"This is a positive development for both Sequa Automotive and The Jordan Company," said
Armand F. Lauzon, Jr., Chief Executive Officer. "
Jordan anticipates taking this business to the next level of success in terms of new investment and growth."
Sequa Automotive Group is comprised of ARC Automotive Inc., a manufacturer of airbag inflators for the global automotive industry, and
CASCO Products, an automotive supplier of power sources for consumer electronic and handheld devices, sensors, and other vehicle equipment.
ARC Automotive Inc. has manufacturing operations in
Reynosa, Mexico; and
Morgantown, Ky. Sales offices are in
CASCO Products has locations in
Montreal, Canada; Sao Paolo,
Turin, Italy; Menzel Bourguiba,
Tunisia; and Suzhou,
Bridgeport, Conn., Sequa Automotive Group employs about 2,900 people worldwide.
Sequa Corporation is a diversified industrial company with operations in the aerospace, metal coatings and automotive industries. Sequa Corporation is a portfolio company of The Carlyle Group.
The Carlyle Group (NASDAQ: CG) is a global alternative asset manager with
$156 billion of assets under management in 99 funds and 63 fund of fund vehicles as of
June 30, 2012.
Carlyle invests across four segments – Corporate Private Equity, Real Assets, Global Market Strategies and Fund of Funds Solutions – in
North America and
The Jordan Company L.P., founded in 1982, is a leading middle-market private equity firm with approximately
$6 billion of capital under management and a successful track record of investing in and growing businesses across a wide range of industries. Headquartered in
New York, The Jordan Company also has offices in
ABOUT QUARTON PARTNERSQuarton Partners, headquartered in
Birmingham, Michigan, is a specialty investment banking firm, serving privately held and publicly traded companies, as well as private equity firms. Quarton Partners assists its clients with mergers and acquisitions, private capital raising, restructurings, valuations and other financial advisory services. Its principals have successfully completed hundreds of engagements in a wide variety of industries across the U.S. and throughout the world. Quarton Partners is an affiliate of Spearhead Capital, LLC.
SOURCE Quarton Partners