JMC Investment Sells Majority Stake in JTI
JMC Investment Sells Majority Stake in JTI Electrical & Instrumentation
New York, NY (December 22, 2021) — JMC Investment LLC (JMC Investment) is pleased to announce that it has sold a majority stake of JTI Electrical & Instrumentation LLC (“JTI” or the “Company”) to Gemspring Capital Management LLC (“Gemspring”).
JTI designs, engineers, and installs complex electrical and mechanical systems that enable industrial facilities to streamline mission-critical process functions, minimize downtime, and increase operational efficiencies. Since its founding in 2000, JTI has prided itself on providing superior customer service and technical industry expertise.
Jean-Marie Painvin, the Founder & CEO of JMC commented, “JTI represents the first majority stake exit for JMC Investment. It was an exciting outcome for not only the founder of JTI and JMC, but also the entire management team. We are so proud of the organic growth story we achieved with the JTI team. Our collaborative approach helped JTI transition from being a single discipline electrical contractor to a full service electrical and mechanical engineering company that serves premium manufacturing facilities.”
About JTI
JTI is a provider of electrical, mechanical, and automation services to industrial processing facilities in the agriculture, food and beverage, energy, industrial, and manufacturing industries. JTI offers a full-service offering of installation, design, and engineering for complex and sophisticated processes and mission-critical equipment applications. Customers rely on JTI for its differentiated experience, knowledge and technical capabilities, and exceptional customer service. Founded in 2000 and based in Bakersfield, CA, JTI has ~200 employees across four locations in Central and Southern California and Georgia. For more information, visit www.jtielectric.com.
About JMC Investment LLC
JMC Investment LLC is a single family office in New York that invests in growing, small and medium sized, privately owned companies. JMC invests with a long-term outlook on performance and engaged partnership style. The company focuses on manufacturing, aerospace, healthcare, and industrial services industries. JMC also has extensive experience in transatlantic transactions and advising management teams. For more information, please visit www.jmc-investment.net.