The Jordan Company Announces Sale of Reinhold Industries
Inc. to HEICO Corporation
NEW YORK, NY: May 6, 2013 – The Resolute Fund, L.P., an affiliate of The Jordan Company,
today announced that it has entered into a definitive agreement to sell Reinhold Holdings, Inc.
(“Reinhold”) to HEICO Corporation (NYSE: HEI.A and HEI). Reinhold is a leading manufacturer of
advanced custom composite components and complex composite assemblies for commercial
aviation, defense and space applications. Financial details of the transaction, which is subject to
customary closing conditions, were not disclosed.
Acquired by The Jordan Company in 2006 and headquartered in Santa Fe Springs, California,
Reinhold produces high-quality, heat resistant, advanced custom composite components and
assemblies. Reinhold provides its customers with product integrity, weight reduction and
resilience in highly-demanding environments. Its commercial aviation products are primarily
composite passenger seating solutions for existing and next-generation large and regional jet
aircraft. Its defense and space products serve fail-safe, mission-critical roles for the rocketpropulsion industry.
“It has been a privilege to partner with the Reinhold management team in building a premier
manufacturer of complex composite components and assemblies for safety-critical commercial
aviation, defense and space applications,” said Jonathan F. Boucher, Managing Partner at The
Jordan Company. “Reinhold provides exceptional service to its expanding list of customers. As
part of HEICO, Reinhold is well positioned to further penetrate its growing markets.”
The Jordan Company worked in partnership with the management team to grow its competitive
position through investments in operations and customer relationships. These organic activities
have been supplemented by the strategic acquisition of Enpro Engineered Products, Inc. which
further expanded the Company’s product portfolio and capabilities.
“The Jordan Company has been a great partner in supporting the growth and expansion of
Reinhold,” said Clarence Hightower, CEO of Reinhold. “Jordan has confidently supported
Management by providing the necessary resources and operational guidance, M&A expertise
and strategic planning support. With the full support of The Jordan Company, Reinhold has
demonstrated significant growth, market share gains and customer satisfaction in its growing
Commercial Aircraft and Defense (Domestic and Foreign Military Sales) markets.”
Lazard acted as exclusive financial advisor to Reinhold. Mayer Brown LLP acted as legal advisor
to The Jordan Company.
About The Jordan Company
The Jordan Company, founded in 1982, is a leading middle-market private equity firm with
approximately $5 billion of capital under management and a successful track record of investing
in and growing businesses across a wide range of industries. The firm’s partners have been
investing together for more than two decades, establishing The Jordan Company as one of the
most experienced and stable investment teams in private equity. The investment team is
supported by the firm’s Operations Management Group, which initiates and supports
operational improvements in portfolio companies. The firm generates deal flow through a welldeveloped network of sourcing relationships. Headquartered in New York, The Jordan Company
also has offices in Chicago and Shanghai. For more information, please refer to
www.thejordancompany.com.
About Reinhold Holdings, Inc.
Reinhold Holdings, Inc. is a leading manufacturer of advanced custom composite components
and complex composite assemblies for commercial aviation, defense and space applications. Its
commercial aviation products are primarily composite passenger seating solutions for existing
and next-generation large and regional jet aircraft. Its defense and space products serve failsafe, mission-critical roles for the rocket-propulsion industry.
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Contact for The Jordan Company
Alex Stanton
Stanton Public Relations & Marketing
(212) 780-0701
AStanton@StantonPRM.com
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