Fulham has sold Joyce/Dayton to Graham Holdings
Lincoln International (“Lincoln”), a leading global mid-market investment bank, is pleased to announce that Joyce/Dayton Corp. (“Joyce” or the “Company”) has been sold by Fulham & Co. to Graham Holdings Company, a Washington, D.C.-based diversified education and media company whose principal operations include educational services, television broadcasting, cable systems and online, print and local news. Terms of the transaction were not disclosed.
Headquartered in Dayton, Ohio, Joyce is a leading supplier of screw jack and other linear motion systems. Joyce was founded by Jacob Joyce in 1873, when he began manufacturing an improved track jack for the growing railroad industry. The Company has focused on its current product lines for about 50 years, and its products are incorporated into equipment used in solar energy generation, satellite antennas and natural gas fracking.
Lincoln acted as exclusive financial advisor to Joyce in this transaction, working closely with its management team throughout the sale process. This included providing advisory expertise and managing the preparatory, marketing, negotiation and due diligence phases of the transaction.
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