Incline Equity Partners (“Incline”), a Pittsburgh-based private equity firm, is pleased to announce that it has made an investment in Jon-Don (the “Company”), a national value-added distributor of commercial supplies, equipment and consumables to specialty contractors and in-house service providers.
Headquartered in Roselle, IL, Jon-Don provides a comprehensive offering of essential products to over 80,000 customers in various end markets, including concrete surface preparation and polishing, water and fire restoration, carpet cleaning, janitorial sanitation and safety.
“Jon-Don has an impressive track record of long-term, profitable growth through many economic environments,” said John Morley, Partner with Incline. “Additionally, customers rely on their deep technical expertise and education resources to meet their needs. We are excited to partner with the management team to accelerate growth through acquisitions and enhanced go-to-market strategies.”
Jon-Don is a well-respected, trusted provider that has been serving the market for nearly 42 years. With 16 facilities and over 15,000 SKUs, the Company’s comprehensive product offering provides a differentiated, one-stop solution to customers across the United States.
“We are excited to partner with Incline for our next phase of growth,” said Cesar Lanuza, CEO of Jon-Don. “Leveraging Incline’s experience and expertise allows us to execute on strategic initiatives that will further strengthen our service offering and market position, including expanding into adjacent end markets and pursuing strategic acquisitions.”
About Incline Equity Partners:
Incline Equity Partners, headquartered in Pittsburgh, Pennsylvania, is a private equity firm investing in manufacturing, distribution and business services companies. Incline is generally seeking growing companies with enterprise values of $25 – $450 million. Incline’s typical investment types are ownership transitions for privately held businesses, buyouts and corporate divestitures within the U.S. and Canada.
Incline Management, L.P. (“IMLP”) is registered with the U.S. Securities and Exchange Commission as an investment adviser under the U.S. Investment Advisers Act of 1940, as amended. Registration as an investment adviser does not imply a certain level of skill or training. IMLP provides investment advisory services only to privately offered funds. IMLP does not solicit or make its services available to the public or other advisory clients. This press release is intended solely to provide information regarding Incline’s potential capabilities for prospective portfolio companies, and is not an offer to sell to any person, or a solicitation from any person of an offer to buy, any securities. The statements contained herein are not statements of any IMLP client fund or investor and do not describe any experience with or endorsement of IMLP as an investment adviser by any such client or investor.