Hadley Capital Sells JRI HoldingsBy Scott Dickes
Hadley Capital is pleased to announce that it sold JRI Holdings in April 2015. Terms of the transaction were not disclosed.
JRI Industries is a leading manufacturer of aqueous parts washing equipment. Hadley Capital, via JRI Holdings, acquired JRI Industries in 2004. JRI is a good example of Hadley Capital's philosophy of true long-term value creation.
During the eleven years of Hadley Capital's ownership and guidance, JRI completed several major initiatives including moving into a new facility, expanding its product line, acquiring two complimentary businesses, establishing international sales channels, and transitioning management leadership from the founder to a new management team.
JRI was a successful investment for Hadley Capital, JRI's employees, and JRI's customers.