HALO Acquires JII Promotions
January 21, 2004 – HALO Holdings LLC announced today that its subsidiary, Lee Wayne Corporation, has purchased selected assets of JII Promotions (“JII”) from Jordan Industries in an all-cash transaction. Headquartered in Coshocton, OH, and founded over 100 years ago, JII Promotions is a leading distributor of promotional products and calendars.
HALO acquired JII’s promotional products and calendar business which generates over $45 million in annual sales. Through this transaction, HALO/Lee Wayne has added a top ten U.S. distributor to its growing base of profitable promotional products business. It will retain JII’s sales management team and representatives. All non-manufacturing responsibilities will be transitioned to Lee Wayne headquarters in Sterling, IL. The acquisition allows HALO/Lee Wayne to leverage its technology platform in making its best-of-breed operational and back office support functions available to the JII sales team.
Marc Simon, HALO’s CEO, commented, “Our goal is to make the superior quality Lee Wayne/HALO order management and service platforms available to more promotional products salespeople. Our efficiencies allow us to offer a more attractive package, creating an immediate benefit for JII Promotions sales representatives.”
Jack Mewhirter, Lee Wayne President, added, “JII Promotions aligns perfectly with our core values. They have a long-established reputation-like Lee Wayne-built by providing excellent service to loyal sales representatives and their clients. JII Promotions sales representatives will have an immediate, positive impact on our unique sales community.”
HALO, based in Northbrook, Illinois with U.S. operations in Sterling, Illinois and offices in eight countries worldwide, is a leading promotional products distributor in the $16 billion per year promotional products industry. HALO is a growing nationwide distributor of promotional products, offering innovative client solutions, priced competitively, and supported by world-class operations and customer service.
HALO is a portfolio company of H.I.G. Capital, a leading private equity and venture capital investment firm with more than $1.5 billion of equity capital under management. Based in Miami, Florida, and with offices in Atlanta, Boston, and San Francisco, H.I.G. specializes in providing capital to small and medium-sized companies with attractive growth potential. H.I.G. invests in management-led buyouts and recapitalizations of well-established, profitable, and well-managed manufacturing or service businesses, and in promising early stage technology companies. Since its founding, H.I.G. has made more than fifty highly successful investments, acquiring companies with combined revenues in excess of $5 billion.