The Commercial-News, Danville, IL

Local News

October 4, 2013

New York equity firm acquires Watchfire

DANVILLE – Watchfire Signs, a leading manufacturer of LED signs and digital billboards, announced Thursday that it has been acquired by a fund managed by The Jordan Company, a middle-market private equity firm based in New York.

All members of the current management team, including Watchfire Signs’ President and CEO Steve Harriott and CFO Frank Dwyer, will continue in their current roles, according to a company press release Thursday afternoon. In addition, all senior Watchfire executives and the David Wood family will continue to be shareholders in the business. Members of the Wood family have been shareholders in Watchfire since the Wood family’s acquisition of the Time-O-Matic business in 1971.

Watchfire has experienced rapid growth during the last five years, according to the release. During this period, Watchfire has significantly increased revenue, doubled employment, built a state-of-the-art 200,000-square-foot manufacturing and office facility on Maple Street and strengthened the company’s management team.

“The Jordan Company has a long history of buying and building upon outstanding companies in partnership with existing owners and management teams,” CEO Steve Harriott said in the release. “This is an exciting time for Watchfire. We are poised for strong growth in an industry that is still in its early stages. The Jordan Company understands the potential for Watchfire’s continued growth and increased market share.”

Watchfire Signs has been manufacturing outdoor electric signs since 1932 and has been manufacturing LED signs since 1996. The company has more than 45,000 outdoor LED signs and billboards in daily operation worldwide.

The Jordan Co., founded in 1982, is a middle-market private equity firm with more than $5 billion of committed capital under management and a 30-plus year track record of investing in and contributing to the growth of many businesses across a wide range of industries. The managing partners have been investing together for more than 20 years. Headquartered in New York, The company also has offices in Chicago and Shanghai.

1
Text Only
Local News
  • Volunteers needed for Arbor Day

    April 19, 2014

  • Extension program on lightning

    April 19, 2014

  • D118 to vote on uniform dress code DANVILLE -- The Danville District 118 school board is expected to vote Wednesday night on the implementation of a proposed student uniform standard of dress code. At its April 9 meeting, the school board reached a consensus on certain aspects of the

    April 19, 2014

  • Current uniform dress code proposal Shirts/tops: Students may wear the following types of shirts and tops: • Grades K-8: Polo or white collared shirts; two additional colors as determined by building principal • Grades 9-12: Collared polo or dress shirts, long or short sleeved in any c

    April 19, 2014

  • Police report Incidents reported to police include: Danville Monday: Retail theft at Wal-Mart, 4101 N. Vermilion St. Tuesday: Burglary to residence in the first block of Camelot Drive. Wednesday: Domestic battery in the 400 block of Jackson. Thursday: Criminal tre

    April 19, 2014

  • Fire calls Firefighters responded to the following calls: Thursday, 1-1:14 p.m. -- Medical call in the 1000 block of Clay. Thursday, 1:15-1:31 p.m. -- Outdoor fire in the 900 block of Robinson Street. Thursday, 1:29-1:34 p.m. -- Medical call in 700 block of Wal

    April 19, 2014

  • DACC eyes Follett to run school's campus bookstore DANVILLE -- The Danville Area Community College board of trustees is expected to vote Tuesday whether to contract with an outside company to manage and operate the college's bookstore. The goal of developing alternative solutions to reduce the high c

    April 19, 2014

  • greatamericancleanup1.jpg Spring cleaning This year's Great American Cleanup and Downtown Planting Day will include more areas downtown. The 2014 Great American Cleanup will be May 3. The cleanup will again take place in downtown Danville and the Douglas Discovery Garden. Volunteers are need

    April 19, 2014 1 Photo

  • Police investigate shooting report

    DANVILLE — City police investigated reports of a shooting in the 1000 block of Moore Street about 6:30 p.m.

    Preliminary reports had as many as three people with gunshot wounds. Ambulances were called to assist two of the people with wounds to the leg and one with a chest wound.

    The investigation continued Friday evening.

    April 18, 2014

  • ‘Les Mis’ movie shown

    April 18, 2014

E-edition
AP Video
Raw: Orthodox Christians Observe Easter Rite Ceremony Marks 19th Anniversary of OKC Bombing Raw: Four French Journalists Freed From Syria Raw: Massive 7.2 Earthquake Rocks Mexico Captain of Sunken SKorean Ferry Arrested Raw: Fire Destroys 3 N.J. Beachfront Homes Raw: Pope Presides Over Good Friday Mass Raw: Space X Launches to Space Station Superheroes Descend on Capitol Mall Man Charged in Kansas City Highway Shootings Obama Awards Navy Football Trophy Anti-semitic Leaflets Posted in Eastern Ukraine Raw: Magnitude-7.2 Earthquake Shakes Mexico City Ceremony at MIT Remembers One of Boston's Finest Raw: Students Hurt in Colo. School Bus Crash Raw: Church Tries for Record With Chalk Jesus Raw: Faithful Celebrate Good Friday Worldwide Deadly Avalanche Sweeps Slopes of Mount Everest Police Arrest Suspect in Highway Shootings Drought Concerns May Hurt Lake Tourism
NCAA basketball
NDN Video
Jabari Parker's Top 5 Plays From Duke Career Kourtney Kardashian Is a Bikini Babe More Manpower Than Ever Expected At 4/20 Rally Debunk'd: Miley Cyrus AIDS, Cheeseburgers Cause Cancer, Military Warning Bill Previewing the NBA playoffs Raw: Orthodox Christians Observe Easter Rite My name is Cocaine Raw: Space X Launches to Space Station Lohan Gets Candid About Her Sex List The 2014 New York Auto Show Meet Johnny Manziel's New Girlfriend Chelsea Clinton Announces Pregnancy Funny: Celebrating Easter with Martha Stewart and Friends Man Accuses 'X-Men' Director Bryan Singer of Sexually Abusing Him As a Teenager Man hit with $525 federal fine after he doesn't pay for soda refill Lea Michele & Naya Rivera Feuding? Jabari Parker declares for the NBA draft Singing Nun Belts Out Cyndi Lauper New West, Texas Explosion Video Swim Daily, Throwback Thursday
Must Read