A consortium led by Macquarie Asset Management has agreed to acquire Potters Industries, an infrastructure services and materials business, from private equity firm TJC in a deal valued at around $1.1bn, according to sources cited by Bloomberg.

The investor group includes US-based Partners Capital and Australian pension fund UniSuper, which will invest $150m for approximately a 30% equity stake in the company.

Potters, headquartered in the US, manufactures glass beads used in industrial applications such as road safety, construction, and surface finishing. The acquisition supports Macquarie’s strategy of investing in companies providing essential services and technologies linked to global infrastructure networks.

For UniSuper, the deal follows its $100m co-investment with Macquarie earlier this year in DynaGrid Holdings, a Dallas-based utility services business. The fund, which manages A$160bn in assets, continues to expand its exposure to infrastructure and adjacent sectors through direct partnerships with global asset managers.

TJC, formerly The Jordan Company, acquired Potters in 2020 and refinanced the company’s debt multiple times in the following years.

The deal adds to Macquarie’s growing portfolio of industrial and infrastructure-related businesses outside its core infrastructure funds. Earlier this year, Macquarie’s asset management arm posted a 43% rise in profit contribution, driven by stronger performance fees.

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