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Lubricant distributor J.A.M. Distributing Company was recently acquired by Ridgemont Equity Partners. The financial terms of the transaction were not disclosed.
Headquartered in Houston, Texas, with additional terminal operations in Dallas, Beaumont, Lufkin, Clute and Galveston, J.A.M. has been a leading lubricant distributor of ExxonMobil products for more than 40 years, serving the industrial, commercial vehicle, passenger vehicle and marine markets.
"We are pleased to partner with senior management of J.A.M. and continue upon the company's long history of providing industry-leading products and services to its customers in several markets throughout the state of Texas," said Ridgemont's Rob Edwards.
A Charlotte-based middle-market buyout and growth equity investor, Ridgemont Equity Partners focuses on investments of $25 million to $75 million in industries in which it has expertise, including basic industries and services, energy, healthcare, and telecommunications/media/technology.
"Our first introduction to Ridgemont displayed their professionalism and knowledge of investing in diverse industries," said J.A.M. founder and CEO Johnny Maniscalco. "I believe that Ridgemont Equity Partners will be a very good fit for J.A.M. because of their commitment to our employees, customers and the continued growth of our business. I wish the new partnership a long and very prosperous future."