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Jason Industries - Hidden IPO Of A Proven Business With Proven Management

Background

Jason Industries (NASDAQ:JASN) is a global industrial manufacturing company with leading market share positions across each of its four segments: finishing, seating, acoustics and components. Jason was founded in 1985 and till June 2014 was a privately held company. It became public through a merger transaction, which was equivalent to an IPO just more hidden from the eyes of investors and media.

On June 30, 2014 Jason Industries was acquired by Quinpario Acquisition Corp (QPAC). Quinpario was a blank check company formed in mid 2013 by Jeffry Quinn as a special purpose acquisition vehicle (SPAC) with the aim of affecting a merger. In its IPO (August 2013) Quinpario raised net proceeds of $177m by issuing 18.4m units...

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