Jon-Don Acquired by Incline EquityJanuary 14, 2021
BlackArch Partners advised Jon-Don on the sale transaction, and Akerman served as legal counsel, Building Services Management reports. Financial terms of the acquisition were not disclosed.
“Partnering with TGIF was one of the best business decisions I’ve ever made,” said John Paolella, Jon-Don chairman. “Trivest’s Path to 3x framework enabled us to aggressively and successfully pursue growth in a structured fashion. As non-control investors, in just over three years they helped increase the value of Jon-Don well beyond what I thought was possible.”
Founded in 1978, Jon-Don is a nationwide distributor servicing a range of industries including water and fire restoration, carpet cleaning, and building services and maintenance. For more information, visit www.jondon.com.