Audax Private Debt announced that it was the sole investor in a mezzanine financing supporting Incline Equity Partners’ (“Incline”) acquisition of Jon-Don (the “Company”).
Headquartered in Roselle, IL, Jon-Don is a leading national distributor of consumables and equipment for specialty contractors in the restoration, carpet / concrete cleaning, and janitorial / sanitation end markets. The Company also provides value-added services such as repair, product consultation, and equipment rental. Jon-Don operates through multiple distribution centers strategically located throughout the U.S. and caters to a broad base of specialty contractors and in-house service providers.
“The Jon-Don team has done an excellent job building a national distribution platform with a leading reputation and loyal customer base,” said Steve Ruby, Managing Director at Audax Private Debt. “We are excited to partner with Incline again and are confident that their experience and resources will help take Jon-Don to the next level.”
“Once again Audax Private Debt has proven to be a trusted financing partner throughout this investment process,” said John Morley, Partner at Incline. “The Audax team operated efficiently and collaboratively to respond to our investment needs. We are confident in their ability to support our growth objectives as our partner throughout this investment.”
Jon-Don gives specialty contractors and in-house service providers across multiple industries everything they need to keep things clean, safe, and looking their best—whether it's removing that one impossible carpet stain or resurfacing a massive warehouse floor. 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. Today, with multiple distribution centers strategically located throughout the United States, Jon-Don serves industries ranging from water and fire restoration, concrete surface prep and polishing, building service/janitorial, carpet cleaning, and more. For more information, please visit www.jondon.com.