NMS Capital Recapitalizes JAFLO to Form Vegetation Management Platform

October 17, 2019

NMS Capital has recapitalized JAFLO, Inc., taking a significant equity stake and partnering with management to establish JAFLO as the firm’s initial vegetation management platform. JAFLO — a Allentown, Pennsylvania–based vegetation management services provider with over 550 employees serving utilities and transportation customers in the Northeast and Midwest — will continue to be led by President Kelly Clapper while founder John (Jay) P. Florio transitions to the board.

Buyers
NMS Capital
Targets
JAFLO, Inc.
Sellers
JAFLO shareholders (Florio family and management)
Location
Pennsylvania, United States
Transaction Type
Recapitalization

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