JLL Partners’ Acquisition of Jonathan Engineered Solutions


Kirkland & Ellis advised Levine Leichtman Capital Partners LLC in the transaction.

Levine Leichtman Capital Partners LLC completed the sale of its portfolio company Jonathan Engineered Solutions (“JES”) to JLL Partners LLC. Financial terms of the sale were not disclosed.

JES is a global market leader in the design and manufacturing of highly engineered steel and aluminum mechanical components for defense, commercial and industrial end markets.

Levine Leichtman Capital Partners, LLC is a middle-market private equity firm with a 37-year track record of investing across various targeted sectors, including franchising, professional services, education and engineered products.

Founded in 1988, JLL Partners is among the leading private equity investment firms in the country. JLL seeks to make control equity investments in middle market companies by extricating good companies from complicated situations and bad balance sheets, or by building strong companies in partnership with exceptional managers.

Harris Williams served as lead financial advisor with Stifel serving as co-advisor.

The Kirkland team advising Levine Leichtman Capital Partners was led by corporate partners Kevin Mausert (Picture) and Shelly Hirschtritt, and associates Brett Nelson and Marina Yarnoff.

Involved fees earner: Shelly Hirschtritt – Kirkland & Ellis; Kevin Mausert – Kirkland & Ellis; Brett Nelson – Kirkland & Ellis; Marina Yarnoff – Kirkland & Ellis;

Law Firms: Kirkland & Ellis;

Clients: Levine Leichtman Capital Partners;

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Author: Ambrogio Visconti