Quinpario To Pay $539M For Auto Parts Manufacturing Group

Law360, New York (March 17, 2014, 12:05 PM EDT) -- Quinpario Acquisition Co. said Monday it will pay $539 million in cash to scoop up Jason Inc., an auto parts manufacturing conglomerate, from New York-based private equity firm Saw Mill Capital LLC and other investors.

Jason, which brings in $700 million per year in revenue, will go public through the deal, while retaining CEO David Westgate's leadership. QPAC CEO Jeffry Quinn will be new chairman of Jason. The new board will be made up of Jason and QPAC executives and its headquarters will remain in Wisconsin,...
To view the full article, register now.