JEMS of Litchfield has been acquired by an affiliate of Lock Joint Tube
THE TRANSACTION
JEMS of Litchfield, Inc. (“JEMS”), a leading supplier of trailer hitch receivers, towing components and hitch assemblies to automotive OEMs and aftermarket suppliers to the automotive, RV, and off-highway vehicle markets, has been acquired by an affiliate of Lock Joint Tube LLC (“Lock Joint Tube”), a leading manufacturer of mechanical and structural grade steel tubing. Post transaction, the company will be known as JEMS of Michigan LLC.
Donnelly Penman & Partners acted as the exclusive investment banking advisor and Rhoades McKee served as legal advisor to JEMS.
Our Client
JEMS OF LITCHFIELD
JEMS is a leading supplier of hitch receivers, towing components and hitch assemblies to automotive, RV, and off-highway OEMs and their aftermarkets. JEMS also operates a steel processing & tube cutting facility and has full in-house design, engineering and tooling capabilities. The Company was founded in 1996 and serves its global customer base from its headquarters in Litchfield, Michigan.
Transaction Partner
LOCK JOINT TUBE
Lock Joint Tube is a leading manufacturer of mechanical and structural grade steel tubing from hot rolled, cold rolled, aluminized and galvanized steel. Lock Joint Tube serves fabricators, distributors, and OEMs with various sizes and shapes of steel tubing. Lock Joint Tube operates five plants located in Indiana, Ohio, Texas, and Tennessee serving industries such as automotive, solar, office furniture, health care, and exercise equipment. Lock Joint Tube was founded in 1919 and is a privately-owned member of the Lerman Enterprise network (including Steel Warehouse) of related industry companies since 1991. For more information, please go to www.ljtube.com.
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Automotive & Truck
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