|By PR Newswire||
|April 21, 2014 01:46 PM EDT||
WESTPORT, Conn., April 21, 2014 /PRNewswire/ -- Balance Point Capital Partners, a private equity fund focused on providing debt and equity capital to lower middle market companies across the U.S. and in conjunction with its capital partner, Dubin Clark, announced today the acquisition of Johnny on the Spot, LLC ("JOTS").
Founded in 1969 and headquartered in Old Bridge, New Jersey, JOTS is a leading provider of portable toilets and related products to the special event and construction industries, as well as residential and commercial septic system maintenance, inspections, repairs and installations in New Jersey, New York and Pennsylvania. The company's President and owner, Jesse Thompson, will continue as President and remain a significant shareholder.
"I am very excited about the partnership with Balance Point. I am looking forward to working with my new capital partners to help facilitate and support our growth efforts as we enter a new phase for the company," said Jesse Thompson, President.
Justin Kaplan, a Partner with Balance Point adds, "We are very excited to have JOTS join the Balance Point portfolio. This transaction is quintessential Balance Point: helping successful businesses like JOTS enter the next chapter in their evolution by providing differentiated capital and leveraging our network. We look forward to supporting the many men and women who comprise the JOTS team and have contributed to its growth trajectory."
Balance Point Capital Partners invests mezzanine and equity capital in select lower middle market companies. Since 1988, the firm and its predecessor funds have invested in over 75 distinct businesses. Balance Point Capital Partners takes a long-term, partnership approach to investing and are committed to building lasting relationships with private equity sponsors, management teams and intermediaries. Balance Point targets companies with EBITDA between $2 million and $25 million and typically invests $5 million to $20 million per transaction. Balance Point Capital Partners is based in Westport, CT (www.balancepointcapital.com).
Contact: Justin Kaplan, Partner; (203) 652-8264
Balance Point Capital Partners, L.P.
SOURCE Balance Point Capital Partners, L.P.
May. 3, 2016 08:30 AM EDT Reads: 1,085
May. 3, 2016 08:15 AM EDT Reads: 1,132
May. 3, 2016 07:45 AM EDT Reads: 1,142
May. 3, 2016 07:45 AM EDT Reads: 1,034
May. 3, 2016 07:15 AM EDT Reads: 1,360
May. 3, 2016 07:00 AM EDT Reads: 1,047
May. 3, 2016 06:45 AM EDT Reads: 806
May. 2, 2016 07:45 PM EDT Reads: 1,897
May. 2, 2016 06:30 PM EDT Reads: 1,322
May. 2, 2016 06:00 PM EDT Reads: 736
May. 2, 2016 05:30 PM EDT Reads: 1,604
May. 2, 2016 04:00 PM EDT Reads: 927
May. 2, 2016 03:45 PM EDT Reads: 1,384
SYS-CON Events announced today that SoftLayer, an IBM Company, has been named “Gold Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. SoftLayer, an IBM Company, provides cloud infrastructure as a service from a growing number of data centers and network points of presence around the world. SoftLayer’s customers range from Web startups to global enterprises.
May. 2, 2016 03:30 PM EDT Reads: 1,096