Trivest to Sell Jon-Don to Incline

Contributed by BSM Staff

MIAMI -- Trivest Growth Investment Fund has completed the sale of its portfolio company Jon-Don, LLC, which provides products and equipment to keep things clean, safe, and looking their best, to Incline Equity Partners.

Terms of the sale were not disclosed.

Jon-Don, headquartered in Roselle, IL, is a leading value-added distributor of consumable supplies and equipment to specialty contractors across the water and fire restoration, building service/janitorial, concrete surface preparation and polishing, carpet cleaning and safety markets.

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

“Partnering with TGIF was one of the best business decisions I’ve ever made,” said John Paolella, Co-Founder and Chairman of Jon-Don. “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.”

Jamie Elias, Partner at Trivest, said, "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."

BlackArch Partners advised Jon-Don and Trivest on the sale transaction, and Akerman served as Jon-Don and Trivest’s legal counsel. Despite the global pandemic and market disruptions that have served as the backdrop to 2020, Trivest closed 39 investments and completed two successful exits.

Since 1978, Jon-Don has provided not just the equipment and consumables customers need, but the real-world knowledge, rolled-up sleeves approach and rock-solid reliability they can't find with other suppliers. To learn more, visit www.jondon.com.

Incline Equity Partners, headquartered in Pittsburgh, is a private equity firm investing in specialized light manufacturing, value-added distribution and business services companies. To learn more, visit www.inclineequity.com.