MidSpan Partners, a San Francisco-based investment bank, was the exclusive financial advisor to Jordan Technologies on the recent sale of the company to Flare Industries, a portfolio company of Texas-based private equity firm Turnbridge Capital.
MidSpan Partners was formed in 2010 by three former senior members of investment bank Harris Williams & Co. MidSpan provides mergers & acquisition and capital raising advisory services o lower middle market companies across a range of industries, including consumer products, business services, specialty industrial, energy & environmental services, software, and transportation & logistics. Jordan represents the fifth closed transaction of the year for MidSpan (www.midspanpartners.com).
“From our first meeting through to the closing, the MidSpan team was an invaluable partner,” said Mark Jordan, president, Jordan Technologies. “They worked closely with management and the shareholders through every step of the process and were able to guide the company through the intricacies of the sell-side process. MidSpan’s focus and dedication of resources ensured the best possible outcome for Jordan.”
Jordan Technologies designs, manufactures and y services vapor recovery units which recover a variety of volatile organic compounds in truck, rail, marine and tank breathing applications as well as crude, ethanol and natural gases. The company was founded in 1980 and is based in Louisville, KY (www.jordantech.com).
Flare is a designer, manufacturer and installer of combustion and pollution control technology and equipment. Products include flare systems, thermal oxidizers and ignition systems which burn, combust, or oxidize industrial gases. The company is based in Austin, TX (www.flareindustries.com).
© 2012 PEPD • Private Equity’s Leading News Magazine • 9-14-12
