MILWAUKEE – Jason Inc. is being acquired by St.
Louis-based Quinpario Acquisition Corp. for $539
million, the company announced Monday.
Jason, a Milwaukee-based firm that is a privately held
group of manufacturing companies, will become a publicly
traded company after the acquisition. Quinpario
Acquisition specializes in acquisitions.
The $538.65 million purchase price will be funded by the
proceeds from Quinpario’s initial public offering, new
debt and rollover equity invested by the current owners
and management of Jason. The acquisition is expected to
be finished in the second quarter of 2014, pending
CEO David Westgate will continue to lead the company.
Westage is also expected to serve as a member of the
board of directors.