NEW YORK: A consortium led by Macquarie Asset Management has agreed to buy a majority stake in Potters Industries LLC, a key supplier of glass materials for road safety, from private equity firm TJC L.P., the parties said on Tuesday.
The transaction, which includes co-investors Australian pension fund UniSuper and global investment firm Partners Capital, is expected to close in the first half of 2026, pending regulatory approvals.
Financial terms of the deal were not disclosed.
Potters Industries, based in Malvern, Pennsylvania, is a leading manufacturer of engineered glass beads and microspheres. Its products are a critical component in retroreflective road markings, making highway stripes visible at night and in wet conditions. The company operates 26 manufacturing and logistics sites across North America and Europe.
The acquisition aligns with Macquarie Asset Management’s strategy of investing in stable businesses that provide essential products to infrastructure markets.
“We believe Potters is well-positioned to benefit from long-term sector tailwinds associated with road modernization and safety,” said Andrew Olinick, Senior Managing Director at Macquarie Asset Management.
The investment follows Macquarie’s purchase of DynaGrid earlier this year and underscores its focus on infrastructure-related assets. Macquarie sees significant growth potential in the sector due to structural trends and the substantial investment required in road and other infrastructure projects in the decades ahead.
For UniSuper, one of Australia’s largest pension funds, the investment offers a mix of defensive and growth characteristics.
“Quality assets like this offer the right combination to help our members grow their retirement savings,” said Sandra Lee, Head of Private Markets at UniSuper.
Partners Capital cited Potters’ “mission-critical” products as a driver for long-term value.
TJC, which has owned Potters for several years, expressed confidence in the company’s future under its new ownership.
“Together with management, we invested in innovation, operational excellence, and sustainability, strengthening Potters’ foundation for continued success,” said Robbie Redmond, a Principal at TJC.