Partnership Establishes a Beachhead in New England
October 11, 2023
Jones Fish Hatcheries & Distributors, LLC ("Jones Lake Management" or the "Company") announced that it has completed the acquisition of Water & Wetland, LLC ("Water & Wetland"), a provider of pond and lake management services across New England. The acquisition of Water & Wetland, based in Grafton, MA, establishes Jones Lake Management’s footprint in the New England market and continues the Company’s track record of partnering with leading water services companies.
"Since Water & Wetland’s founding in 2020, the company has demonstrated explosive growth. Their passion for creating vibrant, healthy water has allowed them to quickly establish themselves as one of the leading players in the highly regulated New England market," said Kelly Veatch, CEO of Jones Lake Management. "We’re excited to welcome Joe Onorato, Colin Gosselin, and the rest of the talented team at Water & Wetland to the Jones family" said Rob Jones, President of Jones Lake Management.
Joe Onorato, Co-Owner of Water & Wetland, commented, "This partnership is a significant milestone for our business, and one that we think will be really beneficial to our customers and employee base." "We are grateful to have found an excellent partner for our company, and we look forward to continuing to grow in our market as owners and operators," said Colin Gosselin, Co-Owner of Water & Wetland.
"We are thrilled to be entering the New England market in partnership with the passionate and proven team at Water & Wetland," said Michael Brofft, Principal at Fort Point Capital. "We look forward to continuing to expand Jones Lake Management’s presence in New England and remain committed to the goal of building the leading independent lake management operator in the United States."
Andra Partners, Vorys and CliftonLarsonAllen advised Jones Lake Management.
About Jones Lake Management
Jones Lake Management, headquartered in Cincinnati, Ohio, is an industry leading provider of professional pond and lake management services. With scaled operations across 11 markets, the Company offers a range of services including annual, recurring pond and lake treatment services, fish stocking, aeration systems and services, algae and aquatic weed management, and other related services. To learn more, please visit joneslakemanagement.com.
About Fort Point Capital
Fort Point Capital brings a management-led, growth-oriented approach to private equity investing, targeting fragmented sectors of the business services industry. Founded in Boston in 2011, Fort Point partners with founders and management teams to accelerate growth by providing resources to expand teams and infrastructure, improve service offerings, access new markets, and support follow-on acquisitions. Fort Point fulfills its commitment to management, employees and shareholders by employing a repeatable process to drive durable value, showcased in over 40 acquisitions since its inception. Fort Point is currently investing from FPC Small Cap Fund III. To learn more, please visit fortpointcapital.com.