Houlihan Lokey Advises JGB Enterprises

Houlihan Lokey is pleased to announce that JGB Enterprises, Inc. (JGB) has been acquired by HCI Equity Partners (HCI). The transaction closed on December 13, 2018.

For more than 40 years, JGB has been a value-added assembler and supplier of industrial and hydraulic hose and hose accessories to industrial and military end users. Based in Liverpool, New York, JGB's products are used in a variety of end-markets, including oil and gas, agriculture, mining, construction, marine, chemical, food, commercial, and government (including the Department of Defense and the Defense Logistics Agency). The company serves over 4,000 customers annually and its products facilitate the conveyance of liquids, gases, and dry bulk materials for end users. JGB offers one of the broadest portfolios of hose and hose assembly products in the industry. The company's hoses are selected and assembled to meet specific size, pressure, temperature, and material requirements in critical applications.

HCI is a private equity firm that targets growth-oriented industrial product and service companies in the lower middle market. The firm has substantial operating experience and focuses on building solid partnerships with management teams to assist with the identification and execution of consolidation, organic, and strategic initiatives. HCI is headquartered in Washington, D.C.

Houlihan Lokey served as the exclusive financial advisor to JGB and assisted in initiating, structuring, and negotiating the transaction. This transaction underscores Houlihan Lokey's leadership and expertise in industrial and military defense distribution markets.

Houlihan Lokey's Aerospace•Defense•Government (ADG) practice is among the leading M&A advisory services to aerospace, defense, government services, and homeland security companies. Since 2016, Houlihan Lokey closed 55 transactions and with a staff of approximately 30 investment bankers in Washington, D.C. and Los Angeles, the ADG practice is one of the largest dedicated industry banking groups worldwide.