Garden equipment specialist FR Jones sold to investor group
London-based forestry and garden machinery distributor FR Jones & Son has been acquired by an investment consortium in a deal advised by BCMS.
The family-run supplier of chainsaws, mowers, climbing gear, workwear and tools was sold to a consortium of investors, with existing directors Justin and Eileen Jones remaining at the helm.
Founded in south London in 1963, FR Jones serves more than 35,000 customers a year, including agricultural colleges, facilities management contractors, and tree surgeons. The business has grown rapidly in recent years due to developing successful online and catalogue channels.
The deal also allows Justin’s parents Bob and Linda Jones to retire from a business that Bob’s father had started in a shed.
Justin Jones added: “This is a great outcome for all involved. My parents get to retire while we get to carry on developing the business, and as far as staff and customers are concerned, it’s very much business as usual.”
The deal value and terms are undisclosed.