NEW YORK--(BUSINESS WIRE)--PHI Industrial (“PHI”), a fund specializing in the management of industrial companies, has closed the sale of its portfolio company Insulation Technology Group (“ITG”), a manufacturer of porcelain insulators for the global utility industry, to TJC, LP (“TJC”), formerly known as The Jordan Company. ITG, a company created under the ownership of PHI with a longstanding operating history under the LAPP and PPC brands, has become the leading manufacturer of porcelain insul...
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