MML exits Universal Plant Services
Jones Industrial Holdings, Inc. (“JIH”), the parent company of Universal Plant Services and its affiliates (“UPS” or the Company), announced today that funds managed by Oaktree Capital Management, LP (“Oaktree”), a leader among global investment managers, have completed a non-controlling investment in JIH. The proceeds were used to purchase a minority investment previously held by MML Capital Partners and to provide the Company with capital for further growth. Additional terms of the transaction were not disclosed.
MML completes investment in Universal Plant Services
MML Capital Partners (“MML”) is pleased to announce that it has made an investment in Universal Plant Services / Jones Industrial Holdings, Inc. (“UPS” or the “Company”).