MidOcean Partners Announces Jones & Frank Acquires ANS Distributing
July 1, 2016
NEW YORK, JULY 1, 2016 – MidOcean Partners, a premier middle market private equity firm, is pleased to announce that Jones & Frank, the premier provider of fueling system solutions in the United States, announced today that it has acquired ANS Distributing. ANS is a leading national petroleum equipment provider serving some of the largest fuel marketers in North America. With the combined capabilities of these two leading companies, Jones & Frank has unequaled scale and resources in the petroleum equipment industry to better serve customers’ fueling equipment needs across North America.
Jones & Frank CEO, Jim Bolch, said “I am excited about the opportunities that this combination makes possible. ANS has built a very successful business over the last 35 years by providing outstanding customer service made possible by operational excellence and exceptional product support expertise. These capabilities will bolster Jones & Frank’s strong sales, service and installation network to provide our customers more comprehensive support for all their fueling equipment needs.”
“I am extremely proud of what ANS has accomplished to date and how we have been able to earn a position as a valued partner to many of the largest fuel marketers in the US” said John Sauers, President of ANS Distributing. “I believe that becoming part of Jones & Frank will provide great opportunities for our customers and our employees.” John Sauers will serve as President of ANS Operations and Executive Vice President for Jones & Frank.
Barrett Gilmer, Managing Director of MidOcean Partners, said “We are thrilled about continuing to build a truly world-class company within the fueling equipment industry. We believe there are numerous opportunities to continue to grow Jones & Frank across North America both organically and through acquisition.”
About Jones & Frank
Headquartered in Raleigh, N.C., Jones & Frank is a leading value-added distributor and provider of repair, maintenance, installation and project management services to the fueling infrastructure industry. The company distributes, services and installs fueling equipment for retail fueling stations, commercial and government fleets and emergency power customers. Jones & Frank currently operates a network of 18 branch offices and 4 national distribution centers including over 350 skilled service, construction and project management personnel. Jones & Frank represents the premier products in the fueling infrastructure marketplace including Gilbarco/Veeder-Root, VeriFone, OPW, Franklin Fueling and Containment Solutions. Jones & Frank is a privately held company majority-owned by MidOcean Partners. For more information visit www.jones-frank.com.
About MidOcean Partners
MidOcean Partners is a premier private equity firm headquartered in New York focused on the middle market. MidOcean is committed to investing in high quality companies with stable market positions and multiple opportunities for growth. Targeted sectors include consumer and media and business services. MidOcean utilizes a broad foundation of expertise in its focus industries to create value for its investors and partners. For more information, visit www.midoceanpartners.com.