Undisclosed Strategic Acquiror Acquires J&J Services, Inc. from Main Street Capital

Arlington Capital Partners Acquires J&J Worldwide Services

July 8, 2020

Government & Public Sector

Arlington Capital Partners has completed the acquisition of J&J Worldwide Services in partnership with the Company's existing management team. Headquartered in Austin, Texas, J&J provides mission-essential facility, maintenance and healthcare support services to U.S. federal government sites and collectively employs over 3,200 people across more than 270 locations; the Voudouris family and senior management participated in the transaction.

CBRE Group Acquires J&J Worldwide Services from Arlington Capital Partners

February 5, 2024

Government & Public Sector

CBRE Group, Inc. agreed to acquire J&J Worldwide Services from Arlington Capital Partners for $800 million in cash plus up to $250 million in contingent consideration. The acquisition expands CBRE's technical services and government contracting capabilities, adding J&J's ~3,300 employees and long-term DoD and federal facility contracts headquartered in Franklin, Tennessee.

LRS Acquires J&J Rubbish Service Inc.

January 24, 2023

Environmental Services

LRS, a leading independent waste and recycling services provider, acquired family-owned J&J Rubbish Service Inc., adding approximately 15,000 residential and 1,000 commercial customers and bridging LRS' Minnesota and Wisconsin operations. All J&J employees will continue with LRS as the company integrates the Winona business to increase density and scale in its core northern Midwest markets.

Main Street Capital Invests $14.6M in Johnson Downie LLC

December 16, 2021

Staffing & HR

Main Street Capital Corporation completed a $14.6 million growth capital investment and minority recapitalization in Johnson Downie, LLC, a Houston-based provider of lateral partner placements and retained partner-level recruiting services for law firms across Texas. The financing comprised first-lien senior secured term debt and a direct minority equity investment; Main Street partnered with an unnamed co-investor and the Company's existing owner/management team to facilitate the transaction.

Main Street Capital Recapitalizes Jorgensen Laboratories (JorVet)

March 31, 2022

Veterinary

Main Street Capital Corporation provided $36.4 million in a combination of first‑lien term debt and a minority equity investment to facilitate the recapitalization of Jorgensen Laboratories, LLC (JorVet). Main Street and an unnamed co‑investor partnered with the company’s existing owners and management to complete the transaction and support the business, a longtime supplier of veterinary equipment and supplies headquartered in Loveland, Colorado.

Main Street Capital Provides $15.1M to Recapitalize Batjer (Batjer & Associates / Batjer Service)

March 15, 2022

HVAC & Mechanical

Main Street Capital Corporation provided $15.1 million in a combination of first lien term debt and a direct equity investment to facilitate the majority recapitalization of Batjer & Associates, LLC and Batjer Service, LLC, a West Texas mechanical HVAC and plumbing contractor headquartered in Abilene, Texas. The financing, done alongside an unnamed co-investor, also includes a revolving credit facility and delayed draw term loan to support working capital and future growth initiatives while partnering with the company's existing owners and senior management.