Aethlon Capital announced today that it successfully advised Jasper Engineering & Equipment Company, headquartered in Hibbing, Minn., on the sale of a majority interest in its business to Pathfinder Companies of Minnetonka, Minn. As part of the transaction, which closed on June 21, Jasper’s owners maintained a stake in the company.
“We are delighted to have advised Jasper Engineering’s three owners on the sale of their company to Pathfinder Companies. Aethlon reached out to a broad group of potential investment partners, resulting in a great outcome for our client,” remarked Sima Griffith, Managing Principal of Aethlon Capital.
Commenting on the transaction, Joe Helms, Partner at Pathfinder Companies, said, “We are thrilled to partner with owners Jeff Jamar and Jason Janisch in recapitalizing Jasper. They have done an incredible job building Jasper into the Midwest’s leading provider of process instrumentation and mechanical process equipment.” He added, “We are grateful to Aethlon for the opportunity to pursue a transaction with Jasper and for their expert counsel to all constituents along the way.”
Jasper is a leading industrial distributor, manufacturer’s representative, and service provider in the Upper Midwest, specializing in the sale of process-related equipment & instrumentation, spare parts, and value-added engineering services. Throughout its history, the company has supplied a growing number of products and services to the mining, energy production, biofuels, water, dairy, sugar, food processing, pharmaceuticals, and manufacturing industries. Jasper’s products and services are critical to their customers’ operations.
About Pathfinder Companies
As a family investment firm, Pathfinder strives to be a value-added partner and a source of long-term capital to privately held family and entrepreneurial businesses.
About Aethlon Capital, LLC
Aethlon Capital, LLC is a Minneapolis-based investment bank that specializes in mergers and acquisitions and raising capital for manufacturing, technology, consumer, and transportation & logistics companies. For more information, visit: www.Aethlon.com.