Houlihan Lokey Advises PulseR

Houlihan Lokey is pleased to announce that PulseR, LLC, a portfolio company of funds managed by Oaktree Capital Management, L.P. (Oaktree), has been acquired by The Jordan Company, L.P. (TJC). The transaction closed on February 10, 2020.

PulseR designs and manufactures ruggedized magnetic solutions for use in demanding military, commercial aerospace, space, and high-performance industrial applications. For more than 70 years, the company has been at the forefront of innovation for signal and power products and has established a reputation for differentiated technology and product reliability in the harshest operating environments. PulseR’s products are trusted by leading aerospace and defense OEMs, including BAE Systems, Honeywell, Lockheed Martin, and Collins Aerospace, and support key platforms, including the F-35, Boeing 737 MAX, Airbus A320neo, and Orion Spacecraft. The company was founded in 1947 and became a stand-alone business in 2018 when it separated from Pulse Electronics Corporation. PulseR is headquartered in Bristol, Pennsylvania, with additional facilities in Changan, China.

TJC, founded in 1982, is a private equity firm that has managed funds with original capital commitments in excess of $11 billion and a 37-year track record of investing in and contributing to the growth of many businesses across a wide range of industries, including industrials, transportation and logistics, healthcare and consumer, telecom, and technology. The senior investment team has been investing together for more than 20 years and is supported by TJC’s Operations Management Group, which was established in 1988 to support operational initiatives in portfolio companies. Headquartered in New York, TJC also has an office in Chicago.

Houlihan Lokey served as exclusive financial advisor and assisted in marketing, structuring, and negotiating the transaction on behalf of PulseR and Oaktree.