The Riverside Company and co-investor Investcorp have added J&N to the Arrowhead Electrical Products platform.
Based in Cincinnati, J&N distributes aftermarket replacement rotating electrical parts and accessories used in a variety of off-highway markets, including industrial, agricultural, marine, and outdoor power equipment applications. Financial terms were not disclosed.
Like AEP, J&N is focused on non-discretionary, mission-critical replacement parts fundamental to the operation of a vehicle.
J&N offers its wide variety of branded rotating electrical parts, including starters, alternators, and solenoids, to over 4,000 national and international customers.
Riverside Principal Brad Roberts said the combination is highly complementary for both companies.
Riverside is aggressively expanding Arrowhead, and seeking complementary add-ons as part of its strategy.
Working with Kriscunas and Roberts on the deal for Riverside were Operating Partner Steve Stubitz, Vice President Drew Flanigan, Senior Associate Laura Swearingen and Associate Mark Barron. Riverside Partner Anne Hayes helped secure financing for the deal.
Jones Day advised The Riverside Company in its acquisition of J&N with a team led by partner Jason Grove.
Involved fees earner: Jason Grove – Jones Day;
Law Firms: Jones Day;
Clients: Riverside Company;