Macquarie Asset Management, along with co-investors UniSuper and Partners Capital, has reached an agreement to acquire a majority stake in Potters Industries LLC from private investment firm TJC. The deal is expected to close in the first half of 2026, pending regulatory approvals and customary closing conditions.
Potters Industries, based in Malvern, Pennsylvania, operates 26 manufacturing and logistics sites across North America and Europe and also maintains a presence in South America and Asia. The company specializes in engineered glass beads and microspheres used primarily for road infrastructure as well as other industrial applications.
This acquisition aligns with Macquarie Asset Management’s ongoing strategy of investing in stable businesses that provide essential services, products, and technologies to infrastructure markets across North America and Western Europe. According to the firm, the infrastructure sector is expected to experience significant growth due to structural factors and substantial future investment needs.
Potters uses proprietary processes to produce recycled and virgin glass beads that are crucial for retroreflective road markings. These materials enhance visibility of road stripes during nighttime or wet conditions globally. The company’s glass microspheres are also integrated into various products within infrastructure-related industries where sustainability and efficiency are key considerations.
Andrew Olinick, Senior Managing Director at Macquarie Asset Management, said: "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, stated: “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 commented: “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 added: "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."
From TJC’s perspective on the transaction, Ian Arons, Partner at TJC said: “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 noted: “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.”
UniSuper manages approximately A$160 billion for around 670,000 members as one of Australia’s largest superannuation funds focused on serving people employed in higher education but now open more broadly since 2021.
Partners Capital is an investment firm managing over $68 billion for endowments, foundations, professionals and families worldwide.
TJC LP (formerly The Jordan Company) has managed investments across diverse sectors for more than four decades; as of June 30th 2025 it had $33.2 billion under management.
The announcement follows Macquarie Asset Management's earlier acquisition this year of DynaGrid.