Middle market private equity firm the Jordan Co. has acquired Watchfire Signs for an undisclosed amount.
Watchfire Signs, headquartered in Danville, Ill., manufactures LED signs and digital billboards. The company’s management team will stay in place under Jordan’s ownership.
Jordan, founded in 1982, has about $5 billion in capital under management. The firm has also invested in American Fast Freight Inc., which it picked up in January, Vantage Specialty Chemicals Holdings Inc. and VT Services Inc. In May, the firm sold Reinhold Industries Inc. to Heico Corp.