Mergers & Acquisitions

Jones Lake Management Acquired by Leonard Green & Partners

6788 Jones Lake Management NT

M&A Engagement Overview

Industry Groups: Consumer, Business Services
Areas of Focus: Commercial & Industrial Services, Residential Services, Route Based Services

Harris Williams advised Jones Lake Management, a portfolio company of Fort Point Capital, on their sale to Leonard Green & Partners.

Investors are drawn to the pond and lake management sector due to a set of appealing attributes found in other private equity success stories: highly recurring and non-discretionary revenue streams, strong customer retention, and attractive average ticket characteristics.

Harris Williams was the exclusive sell-side advisor to Jones Lake Management. Headquartered in Cincinnati, Ohio, Jones Lake Management is an industry-leading provider of professional pond and lake management services. With scaled operations across 11 markets, the company offers a range of services including annual, recurring pond and lake treatment services; fish stocking; aeration systems and services; and algae and aquatic weed management.

Jones Lake Management offers a complete suite of science-based solutions to both residential and commercial customers. They are seen as an acquiror and employer of choice in the industry, which paves the way for them to become the first national platform in the lake and pond management market.

This partnership will allow Jones Lake Management to continue accelerating their growth both organically and through M&A with the help of their new sponsor. Drawing on their proven track record in the business and consumer services space, Leonard Green & Partners is well-positioned to scale Jones Lake Management into the sector’s first national platform.

Contact the Harris Williams Consumer Group and Business Services Group to learn more about this client engagement.