Charlotte-based private equity fund Ridgemont Equity Partners has acquired a Houston, Tex.-based distributor of lubricants, fuel, and other partners, the company said Wednesday.
J.A.M. Distributing Company has been in business for more than 40 years, and distributes ExxonMobil products to a variety of markets. Terms of the deal were not disclosed.
We are pleased to partner with senior management of J.A.M. and continue upon the Companys long history of providing industry leading products and services to its customers in several markets throughout the state of Texas, said Ridgemont partner Rob Edwards, in a statement.
Ridgemont spun off from Bank of America, where it was known as Banc of America Capital Investors, in 2010. The company specializes in investments ranging from $25 to $75 million, and has healthcare, services, energy, communications and media companies in its portfolio.