HOUSTON--()--J.A.M. Distributing Company (“J.A.M.” or “the Company”) today announced the appointment of Jeff Kramer as its chief executive officer, effective immediately. This follows news of J.A.M.’s founder and long-time CEO, Johnny Maniscalco, retiring after Ridgemont Equity Partners acquired the Company late last year.
“We are excited to join the rest of the J.A.M. leadership team in welcoming Jeff as the Company’s new CEO and firmly believe that his twenty five years of experience and unique skill set will help propel J.A.M. forward in the coming years”
“We are excited to join the rest of the J.A.M. leadership team in welcoming Jeff as the Company’s new CEO and firmly believe that his twenty five years of experience and unique skill set will help propel J.A.M. forward in the coming years,” said Jack Purcell, a Principal at Ridgemont. Most recently, Kramer served as a member of the senior management team at Air Products and Chemicals, Inc. (NYSE: APD).
“J.A.M. is a tremendous company with a long history of success and an experienced and passionate team,” said Kramer. “I am extremely excited to be joining J.A.M. and committed to preserving the legacy that makes it such a special business. I look forward to working with Ridgemont and the team to drive the growth and future development of the Company.”
About J.A.M. Distributing Company
J.A.M. Distributing Company (“J.A.M.” or “the Company”) is a distributor of lubricants, fuel, base stock, and ancillary products for the industrial, commercial vehicle, passenger vehicle, and marine end markets. The Company is headquartered at its main terminal in Houston, Texas, with additional terminal operations in Dallas, Beaumont, Lufkin, Clute and Galveston. In December 2012, J.A.M. was acquired by Ridgemont Equity Partners, a Charlotte-based investor. The Company continues to operate as one of ExxonMobil’s leading U.S. lubricant distributors. www.jamdistributing.com.
About Ridgemont Equity Partners
Ridgemont Equity Partners is a Charlotte-based middle market buyout and growth equity investor. Since 1993, the principals of Ridgemont have invested over $3 billion in more than 110 companies. The firm focuses on investments of $25 million to $75 million in industries in which it has deep expertise, including basic industries and services, energy, healthcare, and telecommunications/media/technology. www.ridgemontep.com.