Harris Williams Advises Jonathan Engineered Solutions on its Sale to JLL Partners

January 4, 2021

Harris Williams, a global investment bank specializing in M&A advisory services, announces it advised Jonathan Engineered Solutions (JES), a portfolio company of Levine Leichtman Capital Partners, LLC (LLCP), on its sale to JLL Partners (JLL). JES designs and manufactures highly engineered enclosure solutions that support mission critical electronic equipment across defense, aerospace and industrial applications. The transaction was led by Chris Rogers, Chris Smith, Doug Kinard, Mike Rohman, Evan Clark and Anya Bahros of the Harris Williams Aerospace, Defense & Government Services (ADG) Group.

“This transaction is indicative of growing investor interest in the maritime defense industry. JES’s proprietary products are particularly well aligned with long-term customer funding priorities, which provides a strong foundation for future growth,” said Chris Rogers, a managing director at Harris Williams.

“JES products are essential for the protection and function of C4ISR systems onboard naval vessels. They are critical to the mission and safety of the warfighter,” added Chris Smith, a director at Harris Williams. “We are proud to have worked with JES on this transaction and look forward to watching the company’s continued success in partnership with JLL.”

JES, based in Irvine, California, is a global market leader in the design and manufacturing of highly engineered steel and aluminum mechanical components for defense, commercial and industrial end markets. With a legacy that spans nearly 70 years, the company’s ruggedized enclosure solutions protect operating systems in aircraft, naval ships and submarines for the U.S. military and its allies.

LLCP is a middle market private equity firm with a 37-year track record of investing across various targeted sectors, including franchising, professional services, education and engineered products. LLCP utilizes a differentiated Structured Private Equity investment strategy, combining debt and equity capital investments in portfolio companies. LLCP's global team of dedicated investment professionals is led by seven partners who have worked together for an average of 21 years. Since inception, LLCP has managed approximately $11 billion of institutional capital across 14 investment funds and has invested in over 85 portfolio companies. LLCP currently manages approximately $7 billion of assets – including its most recent flagship fund, Levine Leichtman Capital Partners VI, L.P., which closed in 2018 with $2.5 billion of committed capital – and has offices in Los Angeles; New York; Chicago; Charlotte, North Carolina; Miami; London; Stockholm; and The Hague.

JLL Partners is a middle market private equity firm with over three decades of experience transforming businesses in the healthcare, specialty industrials and business services sectors. The firm is dedicated to partnering with companies that it can help build into market leaders through a combination of strategic mergers and acquisitions, organic growth initiatives, and operational enhancements. The JLL team is comprised of seasoned investment professionals and operating partners who are focused on driving long-term value creation across its portfolio. Since its founding in 1988, JLL has committed over $5.5 billion of equity capital across eight private equity funds, with over 50 platform investments and more than 190 add-on acquisitions.

Harris Williams, an investment bank specializing in M&A advisory services, advocates for sellers and buyers of companies worldwide through critical milestones and provides thoughtful advice during the lives of their businesses. By collaborating as one firm across Industry Groups and geographies, the firm helps its clients achieve outcomes that support their objectives and strategically create value. Harris Williams is committed to execution excellence and to building enduring, valued relationships that are based on mutual trust. Harris Williams is a subsidiary of the PNC Financial Services Group, Inc. (NYSE: PNC).

The Harris Williams ADG Group offers strategic advice to a global base of leading aerospace, defense and government services clients. For more information on the ADG Group and other recent transactions, visit the ADG Group’s section of the Harris Williams website. 

Harris Williams LLC is a registered broker-dealer and member of FINRA and SIPC. Harris Williams & Co. Ltd is a private limited company incorporated under English law with its registered office at 8th Floor, 20 Farringdon Street, London EC4A 4AB, UK, registered with the Registrar of Companies for England and Wales (registration number 07078852). Harris Williams & Co. Ltd is authorized and regulated by the Financial Conduct Authority. Harris Williams & Co. Corporate Finance Advisors GmbH is registered in the commercial register of the local court of Frankfurt am Main, Germany, under HRB 107540. The registered address is Bockenheimer Landstrasse 33-35, 60325 Frankfurt am Main, Germany (email address: hwgermany@harriswilliams.com). Geschäftsführer/Directors: Jeffery H. Perkins, Paul Poggi. (VAT No. awaited). Harris Williams is a trade name under which Harris Williams LLC, Harris Williams & Co. Ltd and Harris Williams & Co. Corporate Finance Advisors GmbH conduct business.