Quarton Partners Announces The Sale Of Sequa Automotive Group To
The Jordan Company L.P.
BIRMINGHAM, Mich., Nov. 15, 2012 /PRNewswire/ -- Quarton
Partners is pleased to announce that Sequa Automotive Group, a
division of Sequa Corporation, has been acquired by The Jordan
Company L.P. Quarton Partners and Barclays acted as exclusive
financial advisors to Sequa Corporation and The Carlyle Group.
"This is a positive development for both Sequa Automotive and
The Jordan Company," said Armand F. Lauzon,
Jr., Chief Executive Officer. "Jordan anticipates taking this business to the
next level of success in terms of new investment and growth."
Sequa Automotive Group is comprised of ARC Automotive
Inc., a manufacturer of airbag inflators for the global automotive
industry, and CASCO Products, an
automotive supplier of power sources for consumer electronic and
handheld devices, sensors, and other vehicle equipment.
ARC Automotive Inc. has manufacturing operations in Knoxville, Tenn.; Xian, China; Reynosa, Mexico; and Morgantown, Ky. Sales offices are in
Detroit, Seoul and Tokyo. CASCO
Products has locations in Novi,
Mich.; Morgantown, Ky.;
Bridgeport, Conn.; Montreal, Canada; Sao Paolo, Brazil; Frankfurt,
Germany; Turin, Italy;
Menzel Bourguiba, Tunisia; and
Suzhou, China.
Headquartered in Bridgeport,
Conn., Sequa Automotive Group employs about 2,900 people
worldwide.
Sequa Corporation is a diversified industrial company
with operations in the aerospace, metal coatings and automotive
industries. Sequa Corporation is a portfolio company of The Carlyle
Group.
The Carlyle Group (NASDAQ: CG) is a global alternative
asset manager with $156 billion of
assets under management in 99 funds and 63 fund of fund vehicles as
of June 30, 2012. Carlyle invests across four segments –
Corporate Private Equity, Real Assets, Global Market Strategies and
Fund of Funds Solutions – in Africa, Asia,
Australia, Europe, the Middle
East, North America and
South America.
The Jordan Company L.P., founded in 1982, is a leading
middle-market private equity firm with approximately $6 billion of capital under management and a
successful track record of investing in and growing businesses
across a wide range of industries. Headquartered in New York, The Jordan Company also has offices
in Chicago and Shanghai.
ABOUT QUARTON PARTNERS
Quarton Partners, headquartered in Birmingham, Michigan, is a specialty
investment banking firm, serving privately held and publicly traded
companies, as well as private equity firms. Quarton Partners
assists its clients with mergers and acquisitions, private capital
raising, restructurings, valuations and other financial advisory
services. Its principals have successfully completed hundreds of
engagements in a wide variety of industries across the U.S. and
throughout the world. Quarton Partners is an affiliate of
Spearhead Capital, LLC.
SOURCE Quarton Partners