DMCA Assists Jones Oil in Sale to J.A.M. Distributing Company
HOUSTON – Sept. 15, 2014 – Doeren Mayhew Capital Advisors, a full range investment banking firm, successfully facilitated the sale of its clients Jones Oil, Inc. and J.B. Jones Enterprise, Inc. (“High Tech) to J.A.M. Distributing Company, a portfolio company of Ridgemont Equity Partners.
As exclusive financial advisors to Jones Oil, Inc., Doeren Mayhew Capital Advisors assisted the company in finding the optimal deal structure and navigating through the complex sale process.
“Doeren Mayhew Capital Advisors value was immense throughout this long process,” said J.B. Jones, owner and CEO of Jones Oil and High Tech. “There were various challenges in transacting with a private equity group, but my deal team was attentive and persistent in their negotiations. Most importantly, they protected my interests and the value of my companies.”
Both Jones Oil, Inc. and J.A.M. Distributing Company are Houston-based businesses specializing in lubricants and petroleum distribution.