Littlejohn & Company LLC (Greenwich, Connecticut), a private investment company, has announced that an affiliate has entered into a definitive agreement to acquire Brown Jordan International Inc. (BJI), St. Augustine, Florida, a leading manufacturer of indoor and outdoor furniture. The transaction has been approved by the boards of directors of both companies and was expected to close in late January 2017.
BJI offers a complete line of indoor and outdoor furnishings (primarily for use in hospitality, leisure, multifamily, 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 has served as the gold standard in outdoor furnishings since its founding in 1945. The company generates