Pontiac Automotive Supplier Acquired by Oklahoma Investment Firms

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JAC Products Inc., a Tier 1 designer, manufacturer, and global supplier in Pontiac, has been acquired by Tulsa, Okla.-based Private Equity Fund Argonaut Private Equity and Oklahoma City-based Hall Capital. Terms of the deal were not disclosed.

As part of the acquisition, the management team at JAC is remaining with the company to drive the implementation of strategic growth plans. The supplier has more than 1,500 workers.

JAC, which produces original equipment roof track systems, cargo management systems, running boards, and step rails, will also diversify its product mix and expand globally in to new markets.

“JAC is in a major growth phase and this new ownership is committed to the implementation of our strategic plan,” says Mike Wood, CEO of JAC, who will continue his leadership at the company. “It is an exciting time for JAC, and we look forward to strengthening our relationships with our customers by providing them new innovative products in the markets they serve.”

Founded in 2002, Argonaut Private Equity manages investments across multiple asset classes with $6 billion of capital deployed. The firm has over 200 investments.

Hall Capital is a third-generation, family-owned private investment company. Hall Capital’s family of private investment funds provides capital for growth, acquisitions, recapitalizations, management buyouts, real estate and energy investments.

JAC Products, founded in 1967, supplies OEM manufacturers worldwide with engineering, sales, manufacturing, and partnership locations in North America, Europe, China, Japan, and South America. Wynnchurch Capital, an Illinois-based investment firm, previously owned the company. 

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