April 4, 2015
By: 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.