JMC Capital Partners has acquired Comark Corporation, a manufacturer of ruggedized industrial computing and interface products.
“We are excited to have JMC as our partner. Their strategy and track record of sourcing and integrating acquisitions will allow Comark to build a market leading position,” said Steve Schott, CEO of Comark.
Comark’s products include ruggedized industrial displays, integrated computers, workstations and kiosks that are used in a range of industrial, commercial, military, mobile and retail applications. The company is headquartered southwest of Boston in Medfield, MA (www.comarkcorp.com).
JMC Capital Partners invests from $5 million to $15 million in lower-middle market industrial companies that manufacture “intermediate” products (products that are sold to other businesses). Sectors of interest include industrial components and equipment; electrical and electronic equipment; process instrumentation and controls; analytical instruments and measuring devices; fluid control, filtration and pumps; specialty chemicals, adhesives and coatings; plastics and synthetic materials; and healthcare and safety equipment.
Last month, JMC Capital Partners held a closing of JMC Platform Fund I, LP (Fund I) with $125 million of capital commitments, $25 million above the firm’s target of $100 million. The investor base of Fund I consists largely of institutional investors and family offices. JMC was founded in 1999 and is based in Boston (www.jmccp.com).
© 2014 PEPD • Private Equity’s Leading News Magazine • 4-2-14