JLL Partners Analysis
What is JLL Partners?
Middle-market PE firm with $8B capital in healthcare, aerospace & defense
Employees
51-200
Founded
1988
Product Features & Capabilities
- Strategic M&A advisory
- Organic growth planning
- Operational enhancement programs
- Capital markets support
- Business development initiatives
Use Cases
Acquire and integrate healthcare startups into established platforms; Expand aerospace & defense operations through targeted acquisitions; Drive operational efficiency in business services firms; Support platform growth via cross-sector synergies; Execute add-on acquisitions to scale portfolio companies
Investment Focus
JLL Partners primarily focuses on investing in middle-market companies, with a strong emphasis on the healthcare, industrials, and business services sectors. Their investment strategy is centered around identifying opportunities for transformation and fostering long-term growth within these sectors. They typically engage in buyouts and growth equity investments, targeting companies that can benefit from operational improvements and strategic guidance.
Assets Under Management
$3.9 billion
Key Portfolio Companies
- Allucent: A global contract research organization (CRO) that provides a range of services to the pharmaceutical and biotechnology industries.
- American Dental Partners: A dental support organization that provides management services to dental practices across the United States.
- Aviation Technical Services: A provider of aircraft maintenance, repair, and overhaul (MRO) services for commercial and military aircraft.
- Banner Life Sciences: A company focused on providing clinical development services to the biopharmaceutical industry.
- BioClinica: A full-service global clinical trial management organization that offers imaging and cardiac services.
- Builders FirstSource: A supplier of building materials and manufactured components for residential and commercial construction.
- C.H.I. Overhead Doors: A manufacturer of residential and commercial overhead doors and related products.
- EVERSANA: A provider of commercial services to the life sciences industry, including market access, patient services, and commercialization.
- Knightsbridge Plastics: A manufacturer of custom plastic products and components for various industries.
- Georgia Psychiatry & Sleep: A healthcare provider specializing in psychiatric and sleep disorder treatments.
These companies represent a diverse portfolio across healthcare, industrials, and business services sectors.
Notable Exits
JLL Partners has made several notable exits, including:
- Rexene Corp: Achieved early success with a leveraged buyout, significantly increasing the partners' wealth.
- Point Blank Enterprises: Acquired in 2015, it is the largest supplier of ballistic and soft armor products for the U.S. military and law enforcement. Exit method not specified.
- Motor Coach Industries: Invested in 1999, but exit details are not provided.
- Iasis Healthcare: Involved with this healthcare company, but specific exit details are not mentioned.
- J.G. Wentworth: Invested in 2005, with no exit details provided.
The exit methods for these investments, such as whether they were sold to other firms or taken public, are not specified in the available information.
Recent Fundraising
$1.1 billion
Management Team
The management team of JLL Partners includes the following individuals and their positions:
- Dan Agroskin: Managing Partner
- Kevin Hammond: Managing Partner
- Frank Rodriguez: Managing Partner
- Garrett Hall: Managing Director – Capital Markets
- Tom Burke: Managing Director - Operating Partner
- Dan Di Piazza: Managing Director
- Brooks Powlen: Managing Director
- James Shillito: Managing Director
- Marley Kamford: Managing Director – Talent
- Cara Killackey: Managing Director - Capital Formation
- Vikas Mouli: Managing Director
- Solomon Mangham: Vice President
- Nick Porter: Vice President
- Ali Ryan: Vice President - Capital Formation
- Daren Schneider, CPA: Chief Financial Officer and Chief Compliance Officer
- Luana DeCostello: Compliance Manager
- Brian Pagano, CPA: Assistant Controller
- David Yaverbaum: Assistant Controller
- John Sullivan: Staff Accountant
- Alan Asafov: Staff Accountant
- Vanessa Flores: Staff Accountant
- Kristen Tabone: Senior Executive Assistant
- Josefina Rodriguez: Senior Executive Assistant
Additionally, there are several Strategic Advisors, including Rob Butler and Tom Butts.
Other Considerations
Invested $8B across nine funds; 59 platform investments; 183 add-on acquisitions; 35+ years of industry experience; In-house investment, operations, and capital markets teams; Portfolio includes EVERSANA, Heads-Up Technologies, Xact Data Discovery, Patheon, Secretariat International
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