Littlejohn & Co. agrees to buy Brown Jordan

Transaction expected to close late January 2017

Brown JordanGREENWICH, Conn. — Littlejohn & Co., a private investment firm, has announced that an affiliate has entered into a definitive agreement to acquire Brown Jordan International, a leading 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 of 2017.

See Related ArticleBrown Jordan joins fundraising event for Hoag Hospital Foundation

Headquartered in St. Augustine, Fla., Brown Jordan offers 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.

Founded in 1945, Brown Jordan generates in excess of $300 million of sales.

See related ArticleGertmenian to introduce Brown Jordan indoor/outdoor rug collection

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.

Littlejohn & Co. is a private equity firm investing in middle-market companies that are undergoing a fundamental change in capital structure, strategy, operations or growth that can benefit from its operational and strategic approach. The firm is currently investing from Littlejohn Fund V, L.P., which has $2 billion in capital commitments.

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