Daily News: December 21, 2012

Ridgemont Equity Partners Acquires J.A.M. Distributing


Ridgemont Equity Partners, a middle-market buyout and growth equity investor, announced the closing of a majority equity investment in J.A.M. Distributing Company, a distributor of lubricants, fuel, base stock and ancillary products. The financial terms of the transaction were not disclosed.

J.A.M. is headquartered at its main terminal in Houston, with additional terminal operations in Dallas, Beaumont, Lufkin, Clute and Galveston. For over 40 years, the company has been a leading lubricant distributor of ExxonMobil products and today serves the industrial, commercial vehicle, passenger vehicle and marine end 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 Rob Edwards, a partner at Ridgemont. “We recognize the tremendous accomplishments of the company’s founder and retiring CEO, Johnny Maniscalco, in building J.A.M. into the organization that it is today, and we wish Johnny our best going forward,” added Jack Purcell, a principal at Ridgemont.

“Our first introduction to Ridgemont displayed their professionalism and knowledge of investing in diverse industries. They definitely had a very strong interest in J.A.M. Distributing and the desire to make a substantial investment in my company. 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,” said Maniscalco.