Macquarie Asset Management, alongside co-investors including UniSuper and Partners Capital, has signed an agreement to acquire a majority stake in Potters Industries from TJC. The transaction is expected to close in the first half of 2026 pending regulatory approvals and standard closing conditions. Potters is headquartered in Malvern, Pennsylvania, and operates 26 manufacturing and logistics sites across North America and Europe, with additional presence in South America and Asia.
This acquisition aligns with Macquarie Asset Management’s strategy of investing in stable companies that provide essential products and technologies supporting infrastructure markets in North America and Western Europe. The firm stated that it sees significant opportunities for further expansion due to ongoing investment needs and structural growth drivers across the global infrastructure sector.
Potters produces engineered glass beads and microspheres through proprietary processes using recycled and virgin glass. These glass beads are a crucial component of retroreflective road markings, which enhance road visibility during nighttime and wet conditions. Potters’ microspheres are also integrated into a range of products serving infrastructure and adjacent industrial applications that are positioned to benefit from efficiency and sustainability trends.
The investment marks another move in Macquarie Asset Management’s infrastructure-focused buyout strategy following its acquisition of DynaGrid earlier this year. The firm noted that its network, sector experience, and value creation capabilities provide advantages in sourcing and scaling businesses that support essential infrastructure.
TJC, which has partnered with Potters through its recent phase of development, highlighted progress made in manufacturing innovation, sustainability advancement, and operational improvements throughout its ownership period.
The investor consortium, including UniSuper and Partners Capital, emphasized the strategic relevance and long-term value potential of Potters’ role in transportation safety and broader infrastructure performance.
KEY QUOTES
“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.”
Andrew Olinick, Senior Managing Director, Macquarie Asset Management
“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.”
Helen Chiang, Senior Managing Director, Macquarie Asset Management
“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.”
Sandra Lee, Head of Private Markets, UniSuper
“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.”
Jennifer Fox Bensimon, Managing Director, Partners Capital
“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.”
Ian Arons, Partner, TJC
“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.”
Robbie Redmond, Principal, TJC
