SAN DIEGO, CA, March 24, 2021 – Innoflight is pleased to announce that a U.S.-based private equity firm, The Jordan Company (TJC), has invested in Innoflight, as a majority stakeholder. Innoflight is now backed by a firm with original capital commitments in excess of $14 billion and a 39-year track record of investing and contributing to the growth of many businesses across a wide range of industries.
“We are excited to partner with TJC, a renowned and well respected private equity group” said Jeff Janicik, Innoflight President and CEO. “We share a common vision focused on technology innovation and growth to support the national security space and commercial markets. With TJC’s support, we will continue to serve our 60+ best-in-class space customers by investing in research and development and delivering high performance, quality, timely and cost effective solutions. This vision is what we like to call Innoflight 2.0.”
“We are thrilled to be partnering with the Innoflight team,” said Erik Fagan, a TJC Partner. “Innoflight has a strong culture of innovation demonstrated by its state-of-the-art product offering. Innoflight’s product roadmap includes technologies well aligned with the national security space direction. TJC sees in Innoflight several discriminators against its competition including unique and diverse technologies combined with unparalleled agility. TJC looks forward to supporting the continuing company growth by leveraging TJC’s resources and support services.”
Over the last 15+ years, Innoflight has become a leading provider of software-defined compact/ground radios, cryptographic and cyber secure systems and processing, networking and data storage avionics, and is looking forward to a bright future with TJC.
About Innoflight
Innoflight is a Non-traditional Defense Contractor (NDC) founded in 2004. Innoflight offers state-of-the-art software-defined compact/ground radios, cryptographic and cyber secure systems and processing, networking and data storage avionics. Our core competency is secure Command, Control, Communications and Computers (C4) systems designed through innovative implementation of modern Commercial Off-The-Shelf (COTS) technology. The result is modular, high performance, yet low Size Weight and Power (SWaP) systems at competitive prices. Our products are qualified through an Innoflight rigorous process that includes parts reliability analysis and testing, system-level fault tolerance, and radiation risk mitigation. Our customers include the U.S. government, prime aerospace contractors and commercial space developers. For more information, please visit www.innoflight.com.
About The Jordan Company
TJC, founded in 1982, is a middle-market private equity firm with original capital commitments in excess of $14 billion. TJC has a 39-year track record of investing in and contributing to the growth of many businesses across a wide range of industries, including Diversified Industrials; Transportation & Logistics; Healthcare & Consumer; and Technology, Telecom & Utility. The senior investment team has been investing together for over 20 years and is supported by its Operations Management Group, established in 1988 to initiate and support operational improvements in portfolio companies. Headquartered in New York, TJC also has an office in Chicago. For more information, please visit www.thejordancompany.com.
Media Contact
Vincent Gagnon, Director, Business Development & Contracts, +1-858-332-0944, vgagnon@innoflight.com
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Except for historical information contained herein, the matters set forth in this news release are forward-looking statements. Statements that are predictive in nature, that depend upon or refer to events or conditions or that include words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “estimates”, “will”, “could”, and similar expressions are forward-looking statements. The forward-looking statements set forth above involve a number of risks and uncertainties that could cause actual results to differ materially from any such statement. The forward-looking statements speak only as of the date made, and the company undertakes no obligation to update these forward-looking statements.
