Brown Jordan International to be Acquired by Littlejohn & Co
On December 19, 2016, In Industry News by Greg Thompson
GREENWICH, CT - Littlejohn & Co. LLC, a private investment firm based in Greenwich, CT, announced today that an affiliate has entered into a definitive agreement to acquire Brown Jordan International Inc, (BJI) a manufacturer of indoor and outdoor furniture serving a variety of commercial and consumer markets. The transaction has been approved by the boards of directors of both companies and is expected to close in late January 2017.
Headquartered in St. Augustine, Florida, BJI offers a complete line of indoor and outdoor furnishings primarily for use in hospitality, leisure, multi-family, corporate, restaurant and other commercial environments through its Brown Jordan, Charter, Texacraft, and Tropitone segments.
The company also selectively serves the consumer market. Known for its design innovation, jewel precision and heirloom quality, the Brown Jordan brand serves as the gold standard in outdoor furnishings since its founding in 1945. The company generates in excess of $300 million of sales.
Debt financing commitments in support of the acquisition have been provided by Goldman Sachs and Société Générale. Moelis & Company served as exclusive financial advisor to Brown Jordan.
