Brantley Partners has made an investment in Jet Lithocolor Inc., a Downers Grove, Ill.-based commercial plastic printer that provides of prepaid, loyalty and gift cards. No financial terms were disclosed.
Brantley Partners V, L.P. announced today that it made a significant equity investment in Jet Lithocolor, Inc. (“Jet”). Jet, based in Downers Grove, IL, is a high-end specialty plastics provider of prepaid, loyalty, and gift cards and a provider of commercial printing services, including on-line order fulfillment, distribution and card-related finishing services.
Brantley Partners provided growth capital to the company to assist management in executing both organic and acquisitive initiatives. In partnership with Brantley, management of Jet will continue to own a significant equity interest in the Company. “Our partnership with Brantley provides Jet with the added financial strength to both continue our organic growth driven by client demand and to fully execute our plans for growth through targeted acquisitions”, stated Jeff Norby, President of Jet. “ Terms of the transaction were not disclosed. In addition to the equity provided by Brantley, Comerica and HSBC Capital USA Inc. provided debt financing for the transaction.
The investment in Jet Lithocolor is the sixth transaction completed in Brantley Partners V, L.P.; the most recent private equity limited partnership managed by Brantley Management Company. Brantley V is also the lead equity investor in Boom LLC, Information Storage Consolidation Corp LLC, Relocation Services, LLC, Sentient Flight Group, LLC (FKA JetDirect Aviation, LLC) and VHL Logistics, Inc..
Located in Beachwood, Ohio, Brantley Management Company has managed private equity limited partnerships since 1986; including Brantley V's predecessor funds Brantley funds I-IV. Brantley is focused exclusively on making growth equity investments in middle market companies. In partnership with operating management, Brantley seeks to execute growth oriented strategies for its portfolio companies by focusing on organic growth initiatives complemented by strategic acquisitions.