Jon-Don Sold to Incline Equity Partners

Jon-Don-Sold-to-Incline-Equity-Partners

MIAMI—January 13, 2021— Nationwide carpet cleaning and restoration industry distributor Jon-Don today was purchased by Incline Equity Partners. Jon-Don portfolio selling owner, Trivest Growth Investment Fund (TGIF), announced the sale, though terms of the sale were undisclosed.

Jon-Don is a value-added distributor of industry supplies and equipment specialty contractors across the water and fire restoration, carpet cleaning, safety, and other cleaning markets.

“Partnering with TGIF was one of the best business decisions I’ve ever made,” John Paolella, co-founder and chairman of Jon-Don, said. “Trivest’s path to three times 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.”

Since the company’s founding in 1978 by John and Nick Paolella, Jon-Don has built a reputation as a leading supplier to specialty contractors with a broad product offering technical expertise. Operating from a footprint of 16 facilities across the United States, Jon-Don serves as a one-stop solution for its growing customer base, touting the motto “Let’s Tackle Your Toughest Jobs.”

Jamie Elias, partner at Trivest, added, “Our experience at Jon-Don served to validate TGIF’s unique value proposition of actively helping well-run founder-led businesses get to that next level while maintaining a non-control position in the business. The team at Jon-Don is top-notch and deserves an enormous amount of credit for the superior investment outcome.”

Cleanfax Staff

Cleanfax provides cleaning and restoration professionals with information designed to help them manage and grow their businesses.

Follow Cleanfax Staff

Related Posts

Share This Article

Join Our Newsletter

Expert Videos

Popular Content

Digital Marketing - Part 1

The Digital Marketing Demystified Series—Part 1: World Class Email Marketing

AI Salesperson

Is AI Going to be the Death of the Salesperson?

slow economy

5 Marketing Strategies for Carpet Cleaning Businesses in a Potential ‘Slow Economy (the “R” word)’

link building

The Power of Link Building for Your Cleaning Company’s Success

Cleanfax March/April 2023 digital

Cleanfax March/April 2023 Digital Edition Online Now

Polls

With the global transition to electric powered vehicles based on improvements in battery technology, do you see electric-powered truckmounts becoming standard anytime in the future?

View Results

Loading ... Loading ...

Upcoming Events

February 21, 2023

Simply Irresistible: How To Create Marketing Messages To Find New Customers