On September 24, 2018, DCC Technology Ltd. acquired the JAM Group of Companies comprised of JAM Industries Ltd., JAM International Ltd. and their subsidiaries (“JAM”), North America’s largest value-added distributor of musical instruments, professional audio and consumer electronics products, for an initial enterprise value of US$170 million.
DCC Technology provides a broad range of consumer and business technology products and services across the consumer, B2B and enterprise markets spanning 16 countries, including the UK, US, Canada, Ireland, France, Sweden and the United Arab Emirates.
The transaction strengthens DCC’s North American geographic presence and enhances the company’s relationships with new and existing suppliers and customers while providing JAM with access to global markets.
JAM has headquarters in Montréal with sales and logistic operations across the US and Canada, employing approximately 600 people. As the leading distributor and supply chain service provider in its sector, it also offers a comprehensive range of value-added services to its vendor partners and customers.
McMillan LLP acted as lead counsel to DCC Technology Ltd. with a team led by John Clifford and including Enda Wong, Sophie Papineau-Wolf, Chris Garrah, and Adriana Rudensky (Business Law/M&A); Shari Munk-Manel (Employment and Labour); Michel Ranger (Tax Law); Dan Edmondstone (Competition and Marketing); and Sharon Groom and Christie Bates (Intellectual Property).
Baker & Hostetler LLP acted as US counsel to DCC Technology Ltd. with a team led by Matt Graban and including Kathryn Geisinger (Business Law/M&A).
Davies Ward Phillips & Vineberg LLP was lead counsel for Jam Industries and its shareholders with a team led by Justin Vineberg and including Vanessa Pendenza (Business Law/M&A), Marc Berger (U.S. Business Law/M&A), Brian Bloom and Gregg Benson (Tax Law) and Mark Katz (Competition).
Norton Rose Fulbright Canada LLP acted for a minority shareholder of Jam Industries with a team led by Barry Segal and including Michele Friel.