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FTC clears sale of Point Blank bullet-proof vest company

FTC clears sale of Point Blank bullet-proof vest company

Point Blank Enterprises, maker of bullet-proof vests for the police and military, has been approved for a potential sale. The Federal Trade Commission gave clearance Tuesday to a sale of Point Blank Enterprises in Pompano Beach to JLL Partners, a private equity firm that counts structured settlement firm J.G. Wentworth among the companies in its portfolio. Sun Capital Partners, a private equity firm in Boca Raton, currently owns Point Blank Enterprises, which employs about 1,200 in Broward County. A Sun Capital spokesman said Wednesday that a sale to JLL Partners is "in the process." The spokesman said the sale shouldn't affect operations in Pompano Beach, which has seen...

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