MIAMI, FL – (October 31, 2017) Trivest Partners (“Trivest”) announces it has made an investment in Jon-Don, Inc. (“Jon-Don” or “the Company”). The Jon-Don transaction represents the 3rd platform company investment in the Trivest Growth Investment Fund (“TGIF”), a $225 million fund dedicated to making growth and non-control investments in founder/family-owned businesses.
Jon-Don is a national value-added distributor of equipment, supplies and training for specialty contractors in the water restoration, carpet cleaning, concrete surface prep and polishing, building service and abatement end markets. The Company is founder-owned and based in Roselle, Illinois serving over 50,000 customers annually with 12 warehouses nationwide.
Since its founding in 1978, Jon-Don has built a stellar reputation in the industry as a trusted supplier to the specialty contractor market for products, job-site recommendations and customer service. The Company offers a comprehensive suite of products across multiple categories that allows for convenient one-stop shopping.
In addition to providing its customers with a strong product offering, same-day shipping and the convenience of in-person pickup, Jon-Don also provides important services including equipment repair, truck-mount carpet cleaning equipment installations, and educational seminars hosted by product experts.
With the support of Trivest, the Company will be pursuing identified initiatives for continued organic growth while also actively pursuing strategic add-on acquisitions.
About Trivest Partners:
Trivest Partners is a private investment firm that focuses on partnering with founder/family owned businesses in the United States and Canada. Since its founding in 1981, Trivest has completed more than 250 transactions, totaling in excess of $5.5 billion in value. For additional information, please visit www.trivest.com.
