Sumitomo Forestry America to Acquire JPI
October 2, 2023
Sumitomo Forestry America, Inc. has signed a definitive agreement to acquire JPI's operating platform, with JPI management (CEO Payton Mayes and CFO Mollie Fadule) taking minority stakes. JPI will retain its name and operate autonomously from its headquarters in Irving, Texas, and the transaction is expected to close in the fourth quarter of 2023.
- Buyers
- Sumitomo Forestry America, Inc., Payton Mayes, Mollie Fadule
- Targets
- JPI
- Industry
- Real Estate
- Location
- Texas, United States
- Transaction Type
- Buyout
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