Jonathan Engineered Solutions receives loan backing buyout by JLL Partners

Jonathan Engineered Solutions received a $104 million senior secured credit facility backing a buyout of the company, market sources said today.

MidCap Financial was administrative agent, joint lead arranger and joint bookrunner.

JLL Partners has bought JES from Levine Leichtman Capital Partners, which initially invested in JES in 2016.

JES designs and manufactures highly engineered steel and aluminum mechanical components for defense, commercial and industrial uses.