Acquisition Enhances Large Scale Aquatic Resource Management Capabilities
March 22, 2023
Jones Fish Hatcheries & Distributors, LLC (“Jones Fish” or the “Company”) announced today that it has completed the acquisition of Aqua Services, Inc. (“Aqua Services”), a provider of specialized, large-scale reservoir aquatic plant control, water quality enhancement and fisheries management services to government entities, commercial businesses and homeowners. The acquisition of Aqua Services, based in Guntersville, AL, enhances Jones Fish’s footprint in the Southeastern U.S. and expands the Company’s service offering to include large scale aquatic resource management.
“Aqua Services is one of the preeminent brands in the water management space and has a 40-year track record of serving large customers with a high degree of customer service,” said Kelly Veatch, CEO of Jones Fish. “We’re excited to welcome Troy and Bryan Goldsby, and the rest of the talented team at Aqua Services to the Jones Fish family” said Rob Jones, President of Jones Fish.
Troy Goldsby, Co-Owner of Aqua Services, commented, “This merger feels like the perfect marriage of companies – the history of Jones closely mirrors ours, and there is a uniform focus on the science and the client.” “We are looking forward to what we can offer our clients and the world of aquatics through this dynamic and powerful merger with Jones,” said Bryan Goldsby, Co-Owner of Aqua Services.
“Bringing together the Jones Fish and Aqua Services teams creates a powerful combination of service and geographic breadth,” said Michael Brofft, Principal at Fort Point Capital. “We are thrilled to be partnering with Aqua Services and look forward to continuing to work towards our goal of building the leading independent lake management operator in the United States.
Andra Partners, Vorys and CliftonLarsonAllen advised Jones Fish.
About Jones Fish
Jones Fish, headquartered in Cincinnati, Ohio, is an industry leading provider of professional pond and lake management services. With scaled operations across nine markets, the Company offers a range of services including annual, recurring pond and lake treatment services, fish stocking, aeration systems and services, algae and aquatic weed management, and other related services. To learn more, please visit jonesfish.com.
About Fort Point Capital
Fort Point Capital brings a management-led, growth-oriented approach to private equity investing, targeting fragmented sectors of the business services industry. Founded in Boston in 2011, Fort Point partners with founders and management teams to accelerate growth by providing resources to expand teams and infrastructure, improve service offerings, access new markets, and support follow-on acquisitions. Fort Point fulfills its commitment to management, employees and shareholders by employing a repeatable process to drive durable value, showcased in over 40 acquisitions since its inception. Fort Point is currently investing from FPC Small Cap Fund III. To learn more, please visit fortpointcapital.com.