FalconPoint makes inaugural investment in infrastructure solutions provider JENNMAR

Private Equity Wire

FalconPoint Partners, a private equity firm focused on North American middle market companies in the business services and industrials sectors, has invested in JENNMAR, an infrastructure products and specialised services provider to the civil infrastructure, solar, mining and construction industries.

JENNMAR will continue to be led by CEO Tony Calandra and its management team. FalconPoint has invested and committed in excess of $250m of equity, according to a press release.

JENNMAR was founded in 1922 and operates across manufactured products, resins and chemicals, diversified industrial manufacturing. Its specialised services include engineering support and staffing. The company employs around 4,000 employees across North America, Australia, Asia and Europe.

BofA Securities and Truist Securities served as financial advisors, and Lowenstein Sandler and Paul, Weiss, Rifkind, Wharton & Garrison provided legal advice to FalconPoint. Jones Day served as legal advisor to JENNMAR.

The full article is available here. This article was published at Private Equity Wire.