We are pleased to share the sale of our 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 with 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 a 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.”
If you would like to explore other transactions our associates have supported in this industry, visit our dedicated Technology, Media & Telecom M&A Deals page.
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