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Oklahoma-based Argonaut Private Equity buys Tier 1 supplier.

Clare Goldsberry

November 1, 2016

1 Min Read
Automotive supplier JAC Products changes hands

JAC Products Inc., based in Pontiac, MI, announced on Oct. 31 the sale of the company to Tulsa-based Argonaut Private Equity LLC.  The sale was effective Oct. 28, 2016. 

JAC Products is a Tier 1 designer, manufacturer and global supplier of original equipment roof racks, cargo management systems, running boards and step rails to leading original equipment manufacturers. The company has more than 1,500 employees.

JAC Products was previously owned by Wynnchurch Capital LLC. Terms of the sale were not disclosed.

The management team at JAC is remaining with the company to drive implementation of its strategic growth plans. JAC is diversifying its product mix and expanding globally into new markets.

CEO Mike Wood will continue his leadership role at JAC. “JAC is in a major growth phase and this new ownership is committed to the implementation of our strategic plan. It is an exciting time for JAC and we look forward to strengthening our relationships with our customers by providing new, innovative products in the markets they serve. This is great news for our customers, our employees and all of our stakeholders,” Wood said.

About the Author(s)

Clare Goldsberry

Until she retired in September 2021, Clare Goldsberry reported on the plastics industry for more than 30 years. In addition to the 10,000+ articles she has written, by her own estimation, she is the author of several books, including The Business of Injection Molding: How to succeed as a custom molder and Purchasing Injection Molds: A buyers guide. Goldsberry is a member of the Plastics Pioneers Association. She reflected on her long career in "Time to Say Good-Bye."

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