Date
Nov 2022
Region
Ohio
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.
The information we learn from customers helps us personalize and continually improve your experience. Here are the types of information we gather.
We receive and store any information you enter on our Web site or give us in any other way. We do not sell or rent your personal information to others without your consent. We use the information we collect only for the purposes sending promotional information, enhancing the operation of our site, serving advertisements, for statistical purposes and to administer our systems. We DO NOT use third parties to provide customer service, to serve site content, to serve the advertisements you see on our site, to conduct surveys, to help administer promotional emails, or to administer drawings or contests, but reserve the right to do so in the future without advance notice.
DealForce, LLC’s affiliates are all part of one corporate family, they work with one another and may work together to provide services to you. The sharing of your information among affiliates enables DealForce to serve you more efficiently and makes it more convenient for you to do business with Generational Group. DealForce is permitted by law to share information with its affiliates. All of our affiliates follow similar privacy policies.
For reasons such as improving personalization of our service, we might receive information about you from other sources and add it to our account information.
Generational Group may license the use of its intellectual property including but not limited to its name, likeness, and logo for the use of affiliated offices. Such affiliated offices may not be owned, controlled, managed, supervised or staffed by employees, officers, or agents of Generational Group. Affiliated offices may be independently owned and operated. For more information about a particular office, please contact Generational Group at its office in Dallas, Texas.
This page may contain other proprietary notices and copyright information, the terms of which must be observed and followed.
Information on this web site may contain technical inaccuracies or typographical errors. Information may be changed or updated without notice. Generational Group may also make improvements and/or changes in the products and/or the programs described in this information at any time without notice.
Generational Group does not want to receive confidential or proprietary information from you through our web site. Please note that any information or material sent to Generational Group will be deemed NOT to be confidential. By sending Generational Group any information or material, you grant Generational Group an unrestricted, irrevocable license to use, reproduce, display, perform, modify, transmit and distribute those materials or information, and you also agree that Generational Group is free to use any ideas, concepts, know-how or techniques that you send us for any purpose.
Our computer system protects personal information using advanced firewall technology.
Information Generational Group publishes on the World Wide Web may contain references or cross references to other products, programs and services that are not announced or available in your country. Such references do not imply that Generational Group intends to announce such products, programs or services in your country. Consult a Generational Group representative for information regarding the products, programs and services which may be available to you.
Generational Group makes no representations whatsoever about any other web site which you may access through this one. When you access a non-Generational Group web site, please understand that it is independent from Generational Group, and that Generational Group has no control over the content on that web site. In addition, a link to a non-Generational Group web site does not mean that Generational Group endorses or accepts any responsibility for the content, or the use, of such web site. It is up to you to take precautions to ensure that whatever you select for your use is free of such items as viruses, worms, Trojan horses and other items of a destructive nature.
IN NO EVENT WILL Generational Group BE LIABLE TO ANY PARTY OR ANY DIRECT, INDIRECT, SPECIAL OR OTHER CONSEQUENTIAL DAMAGES FOR ANY USE OF THIS WEBSITE, OR ON ANY OTHER HYPERLINKED WEBSITE, INCLUDING, WITHOUT LIMITATION, ANY LOST PROFITS, BUSINESS INTERRUPTION, LOSS OF PROGRAMS OR OTHER DATA ON YOUR INFORMATION HANDLING SYSTEM OR OTHERWISE, EVEN IF WE ARE EXPRESSLY ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.
Furthermore, all information contained within this website is the property of Generational Group.