DALLAS–(BUSINESS WIRE)–Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client The Jaekle Group, Inc. to IT Voice, an IT services company which is a portfolio company of Baymark Partners. The transaction closed November 1, 2022.
The Jaekle Group (TJG), located in Macedonia, Ohio, is a privately-owned provider of managed IT services and technology solutions. TJG was founded with the goal to help businesses run more efficiently and productively by leveraging technology. TJG provides Cleveland businesses world-class IT support that makes doing business easy with frustration-free IT. The Company has been serving customers by providing a full suite of IT support that is a one stop shop for any business’ IT needs.
The Company’s goal is to provide enterprise-level IT practices and solutions to commercial clients. TJG has built an infrastructure to keep prices affordable and their clients up and running. The Company eliminates IT issues before they cause expensive downtime, so their clients can continue to drive their business forward.
IT Voice (ITV) is a full-fledged IT Services company serving the needs of its clients in different locations across the U.S. ITV is headquartered in Birmingham, Alabama and has 13 offices throughout the U.S. By building loyal, long-standing relationships, ITV reinvests its success into philanthropic endeavors that benefit its employees, customers, partners, and communities.
Located in Plano, Texas, Baymark Partners is a growth oriented private equity firm acquiring growing middle market service (healthcare, business and IT), distribution, manufacturing and tech enabled (SAAS and E-Commerce) companies providing owners with liquidity and companies with resources to accelerate their growth.
The professionals at Baymark Partners possess over 105 years of successful experience in acquiring, investing and operating growth companies. Their experience ranges from early stage, high growth to fully developed market leaders. This experience gives Baymark the ability to implement strategic and operational discipline required to transition middle market companies to a more mature and valuable market position.
Generational Equity Executive Managing Director of M&A – Central Region, Michael Goss, Senior M&A Advisor, Prasad Karcherla, with the support of Vice President, M&A, Madison Buckley successfully closed the deal. Senior Managing Director, Brian Hendershot established the original relationship with TJG.
“This deal was a perfect strategic fit for both sides and has lot of synergistic opportunities for both companies going forward. TJG is a perfect tuck-in for the Baymark acquisition strategy and Baymark is the perfect buyer for TJG, enabling it to become a part of a growing company,” said Mr. Karcherla.
Karcherla added, “I applaud both firms for working hard and diligently to close this deal in a very short time frame. I wish Rick Jaekle of The Jaekle Group and David Hook and Matt Denegre of Baymark Partners all the best in the future.”
About Generational Equity
Generational Equity, Generational Capital Markets (member FINRA/SIPC), Generational Wealth Advisors, Generational Consulting Group, and DealForce are part of the Generational Group, which is headquartered in Dallas and is one of the leading M&A advisory firms in North America.
With more than 300 professionals located throughout 16 offices in North America, the companies help business owners release the wealth of their business by providing growth consulting, merger, acquisition, and wealth management services. Their six-step approach features strategic and tactical growth consulting, exit planning education, business valuation, value enhancement strategies, M&A transactional services, and wealth management.