-- Continued growth of Macquarie Asset Management's strategy focused on making buyout investments into high quality, stable businesses that provide critical services, products and technologies to infrastructure end markets --
Transaction includes co-investment support from major institutional
investors
NEW YORK--(BUSINESS WIRE)--November 11, 2025--
Macquarie Asset Management, along with co-investors including UniSuper
and Partners Capital, has entered into an agreement to acquire a
majority stake in Potters Industries LLC., ("Potters"), a recognized
leader in engineered glass beads and microspheres utilized in road
infrastructure and other specialized industrial applications, from TJC,
L.P. ("TJC"), a private investment firm. The transaction is expected to
close in the first half of 2026, subject to regulatory approvals and
customary closing conditions. Potters is headquartered in Malvern, PA,
and has 26 manufacturing and logistics sites in North America and Europe,
with a presence in South America and Asia.
The transaction follows Macquarie Asset Management's strategy of
investing in high quality, stable businesses that provide critical
services, products and technologies to infrastructure end-markets across
North America and Western Europe. Macquarie Asset Management sees
significant growth opportunities given structural tailwinds benefiting
the infrastructure sector and substantial investment required in the
decades ahead.
Potters leverages its proprietary manufacturing processes to engineer
recycled and virgin glass into high performance glass beads, which are
the critical component for retroreflective road markings and enable road
stripes to be visible in nighttime and wet driving conditions around the
world. Potters' glass microspheres are also embedded in critical
products and applications in other infrastructure and related industries
with strong sustainability and efficiency tailwinds.
This investment follows Macquarie Asset Management's acquisition of
DynaGrid earlier this year. Macquarie Asset Management believes its
network and infrastructure expertise provide a meaningful advantage in
the areas of sourcing, diligence, and value creation.
Executive Commentary
Andrew Olinick, Senior Managing Director at Macquarie Asset Management
"We believe Potters is well-positioned to benefit from long-term sector
tailwinds associated with road modernization and safety and growth in
broader infrastructure markets making it a strong fit within our
specialized strategy."
Helen Chiang, Senior Managing Director at Macquarie Asset Management
"Potters brings a distinctive combination of scale, proprietary
manufacturing capabilities, and mission-critical products that support
safer, more sustainable infrastructure. We are excited to support its
next phase of growth by leveraging our deep expertise and global
network."
Sandra Lee, Head of Private Markets at UniSuper
"Potters provides a compelling opportunity to deliver long-term value
for our members while supporting critical infrastructure. We are pleased
to partner with Macquarie Asset Management to invest in a company with a
proven track record and advanced capabilities that strengthen
infrastructure and enhance transportation safety and reliability.
Quality assets like this offer the right combination of defensive and
growth characteristics to help our members grow their retirement
savings."
Jennifer Fox Bensimon, Managing Director at Partners Capital
"We are thrilled to partner with Macquarie Asset Management to support
Potters' continued growth across transportation safety and performance
materials in resilient infrastructure-related end markets. This is a
compelling opportunity to partner with a leading private equity sponsor
to invest behind mission critical engineered products that will help
drive long-term value across our co-investment portfolio."
Ian Arons, Partner at TJC
"It has been a privilege to partner with the Potters team over the past
several years as they executed on their growth strategy. We're proud of
what we accomplished together and greatly appreciate the management
team's dedication and collaboration throughout our partnership."
Robbie Redmond, Principal at TJC
"Together with management, we invested in innovation, operational
excellence, and sustainability, strengthening Potters' foundation for
continued success. We're confident the company will continue to thrive
under Macquarie's ownership."
About Macquarie Asset Management
Macquarie Asset Management is a global asset manager, integrated across
public and private markets. Trusted by institutions, governments,
foundations and individuals to manage approximately $US630.9 billion in
assets, we provide a diverse range of investment solutions including
real assets, real estate, credit and equities & multi-asset.
Macquarie Asset Management is part of Macquarie Group, a diversified
financial group providing clients with asset management, finance,
banking, advisory, and risk and capital solutions across debt, equity
and commodities. Founded in 1969, Macquarie Group employs over 19,000
people in 31 markets and is listed on the Australian Securities
Exchange.
All figures as at 30 September 2025.
About UniSuper:
UniSuper is one of Australia's largest superannuation funds and is run
for the benefit of its members. For over forty years, UniSuper has been
managing super for people employed in the higher education and research
sector, and as of 2021 opened the fund to all Australians. UniSuper
currently invests approximately A$160 billion on behalf of approximately
670,000 members(^) .
^ as at 30 September 2025
About Partners Capital
With more than $68 billion in assets under management, Partners Capital
is a leading global investment firm acting for distinguished endowments,
foundations, senior investment professionals and prominent families. For
more information, please visit www.partners-cap.com/co-investment.
About TJC
TJC LP, formerly known as The Jordan Company, has worked for more than
40 years with CEOs, founders and entrepreneurs across a range of
industries including Consumer, Diversified Industrials, Healthcare,
Industrial Technology, Logistics & Business Services and Technology &
Infrastructure. With $33.2 billion of assets under management as of June
30, 2025, TJC is managed by a senior leadership team that has invested
together for over 23 years on over 90 investments. TJC has offices in
New York, Chicago, Miami and Stamford. For more information, please
visit www.tjclp.com.
Important Notices (Macquarie Asset Management): None of the entities
noted in this media release is an authorised deposit-taking institution
for the purposes of the Banking Act 1959 (Commonwealth of Australia) and
the obligations of these entities do not represent deposits or other
liabilities of Macquarie Bank Limited ABN 46 008 583 542 (Macquarie
Bank). Macquarie Bank does not guarantee or otherwise provide assurance
in respect of the obligations of these entities. In addition, if this
media release relates to an investment (a) each investor is subject to
investment risk including possible delays in repayment and loss of
income and principal invested and (b) none of Macquarie Bank or any
other Macquarie Group company guarantees any particular rate of return
on or the performance of the investment, nor do they guarantee repayment
of capital in respect of the investment.
View source version on businesswire.com: https://www.businesswire.com/news/home/20251111998779/en/
CONTACT: Lee Lubarsky
lee.lubarsky@macquarie.com
+1-347-302-3000
Rachel Waxman
rachel.waxman@macquarie.com
+1-310-800-4512
Kristin Custar
kcustar@tjclp.com
+1-212-572-0829
(END) Dow Jones Newswires
November 11, 2025 10:32 ET (15:32 GMT)