New Canaan, CT – May 21, 2021
RFE Investment Partners (“RFE”), in partnership with MTN Capital Partners (“MTN”), has sold its portfolio company, JSI (or the “Company”), to LSI Industries (“LSI”).
Headquartered in Milo, Maine, JSI is a market-leading provider of retail commercial display solutions throughout North America. For more than 30 years, JSI has supplied major supermarket, convenience and specialty store chains with branded display solutions focused on enhancing the customer experience and driving store revenue. Multi-year growth in demand for fresh foods, prepared “grab-and-go” meals and evolving consumer purchasing habits have led to increased demand for JSI’s displays across a deep base of established national accounts. JSI’s solutions are designed, engineered, manufactured and marketed from four facilities located throughout the United States and Canada.
RFE, MTN, and management worked together to execute four add-on acquisitions, grow revenue more than 2.5x, launch a major, rapidly growing refrigeration line. RFE and MTN also worked with management to successfully expand into the convenience store channel, culminating in significant value creation and a successful sale process.
About RFE Investment Partners
RFE Investment Partners is a private equity firm making control investments in established, small market companies located in the United States. RFE is a long-standing Connecticut-based firm founded in 1980 with over 40 years of experience investing in the lower middle market. RFE’s investment strategy is to transform its portfolio companies from the lower end of the market to fully professionalized and market leading middle market companies. RFE is currently investing out of Fund IX. For more information, please visit www.rfeip.com.
About MTN Capital Partners
MTN Capital Partners focuses on acquiring middle-market companies. MTN has extensive experience working with management teams in a variety of industries and in bringing the capital as well as the operational resources needed to achieve success. MTN and its associated investors have invested approximately $160 million in equity in eleven platform transactions with a total enterprise value in excess of $500 million.
RFE Investment Partners
36 Grove St
New Canaan, CT, 06840
(203) 966-2800
www.rfeip.com