On June 29th, Jonathan Engineered Solutions, ("JES" or the "company"), a portfolio company of Industrial Growth Partners www.igpequity.com, was acquired by Chicago Growth Partners www.cgp.com.

Piper Jaffray served as financial advisor to JES and Industrial Growth Partners.

JES a leading engineering and manufacturing company specializing in customized precision linear movement and access control solutions. The company supplies high performance industrial-grade mechanical slides, integrated kits that bundle slides with peripheral components, and subassemblies that incorporate JES’ slides and components with vendor supplied parts.

The company sells to blue-chip OEMs in the military/homeland security market, server technology market, and numerous industrial markets such as medical, commercial aerospace, telecommunications, material handling equipment, and emergency response vehicles.

JES maintains its headquarters, along with its engineering and sales teams, in Irvine, California, while its manufacturing sites are located in Mexico and Asia.

Terms of the transaction were not disclosed.

Piper Jaffray Contacts:
Jeff Rosenkranz
Managing Director
312-920-2133

Walter Murphy
Managing Director
312 920-2147

Luke Webb
Vice President
312 920-2136