Albion Investors and Isleworth Capital Partners have acquired S.I. Jacobson Manufacturing Company, a designer and manufacturer of molded cases.
S.I. Jacobson is a designer and manufacturer of fabric, vinyl and compression molded cases supplied to a variety of industries, including hardware, houseware, automotive, electronics and medical applications. The company works with OEM clients to provide customized packaging products to promote brand awareness, improve retail visibility, and increase end user functionality. S.I. Jacobson also offers project management services, including planning and analysis, logistics and marketing support. The company is headquartered in Waukegan, IL (www.sij.com).
Albion Investors invests in lower middle market companies with EBITDAs from $.5 million to $3 million. Sectors of interest include specialty manufacturing, business services, value-added distribution, and consumer products. The firm has office in New York and Chicago (www.albioninvestors.com).
Isleworth Capital Partners is a private equity firm founded by Frank Feraco. The firm is located in Schaumburg, IL (no website found).
Mesirow Financial acted as the exclusive financial advisor to S.I. Jacobson Manufacturing Company in this transaction. Mesirow Financial is one of the most active advisors in the paper, plastics, packaging and specialty printing sectors, having completed over 90 transactions in recent years.
“Mesirow Financial was instrumental in identifying a strong group of prospective strategic and financial buyers and conducting an effective transaction process. Our customers and employees will both benefit as Isleworth, Albion and S.I. Jacobson join together and continue to grow the company’s product offering. Mesirow Financial’s advice and senior level leadership throughout the process resulted in a successful outcome for all parties involved,” said Larry Futterman, president and CEO of S.I. Jacobson.
Mesirow Financial’s Investment Banking group focuses exclusively on middle-market transactions and serves middle-market companies and large corporations, both public and private, in merger and acquisition advisory, capital markets advisory, restructuring and special situations, fairness and solvency opinion, board of directors advisory and special committee representation. Overall, Mesirow Financial is a diversified financial services firm with particular expertise in investment management, global markets, insurance services and consulting. Founded in 1937, Mesirow is an independent, employee-owned firm with more than 1,200 employees in offices across the US and in London, UK. The firm is headquartered in Chicago (www.mesirowfinancial.com).
“Mesirow Financial was honored to represent the owners and management of S.I. Jacobson in this process. We were happy to leverage our relationships in the specialty packaging and consumer products industries in order to pair S.I. Jacobson with knowledgeable financial sponsors that are committed to growing the Company,” said Jeffrey Golman, vice chairman and head of Mesirow Financial’s Investment Banking group. “The company’s exceptional senior management team and strong growth opportunities combined with the strategic and financial support from Albion and Isleworth will provide S.I. Jacobson with a platform for future success in the specialty packaging industry.”
© 2013 PEPD • Private Equity’s Leading News Magazine • 1-23-13
