Jason Industries has sold Janesville to Motus Integrated Technologies, a portfolio company of Atlas Holdings
Lincoln International is pleased to announce that Jason Industries, has agreed to the proposed divestiture of its subsidiary Janesville to Motus Integrated Technologies, a portfolio company of Atlas Holdings LLC for approximately $85 million.
Headquartered in Southfield, Michigan, Janesville is a leading vertically integrated manufacturer of lightweight molded fiber products and assembly solutions providing content for over half of light vehicle platforms produced in North America. The company’s suite of lightweight, durable and environmentally friendly solutions are used in a wide range of vehicles, including sedans, sport utility vehicles, minivans and light trucks.
Lincoln International acted as the exclusive investment banking representative for Jason, working closely with the company’s management team throughout the sale process. This included providing advisory expertise and managing the preparatory, marketing, negotiation and due diligence phases of the transaction. Lincoln ran a global process focused on strategic acquirers to identify the best strategic partner for the Janesville business.
Brian Kobylinski, Chairman and CEO of Jason, commented, “We are pleased to have found the right partner for our Janesville business going forward as we continue to transform Jason.”
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