Jon Skelly Joins Vetus Partners

Jon Skelly has joined Cleveland-based investment bank Vetus Partners as a managing director. He previously focused on the wholesale distribution sector of PCE Investment Bankers, before which he served as a director of business development for Home Depot and director of M&A for Hughes Supply Inc.


Vetus Partners LLC, a leading investment bank specializing in domestic and cross-border mergers, acquisitions and corporate divestitures of middle-market businesses, announced today that Jon Skelly has joined Vetus as a Managing Director.

Mr. Skelly has over a decade of middle-market investment banking and corporate development experience with privately-held as well as publicly-traded, Fortune 500 enterprises focused on the wholesale distribution sector. Jon has worked with or for many of the distribution industry’s leading participants, such as W.W. Grainger, HD Supply and Hughes Supply. He has specialized expertise in the sale and acquisition of middle-market distribution businesses and buy-side M&A financial advisory services for corporate acquirers and private equity firms.

Prior to joining Vetus, Jon was an investment banker focused on all sectors of wholesale distribution. Recent distribution transactions that Jon led include representing W.W. Grainger in its acquisition of Imperial Supplies from American Capital and representing Thomas Pipe & Supply Co. in its sale to Gen Cap America. During his corporate distribution career, Jon served as Director of Strategic Business Development for the HD Supply subsidiary of The Home Depot with responsibilities for completing strategic acquisitions in the maintenance and construction sectors of the wholesale distribution industry. Prior to HD Supply, Jon served as Director of Mergers & Acquisitions/Strategic Business Development for Hughes Supply, Inc. with responsibilities for strategic acquisitions and divestitures across all businesses within Hughes Supply’s $6 billion wholesale distribution portfolio. Jon has also served as a member of the Distribution investment banking team at Robert W. Baird & Co. Over his career Jon has executed transactions in the wholesale distribution sector with over $5.0 billion of total enterprise value.

Steve Zepf, former CFO of Hughes Supply, stated: “Jon has as clear or clearer an understanding of the dynamics and value drivers impacting the distribution industry as any professional with whom I have ever worked. He is also an extremely high-integrity individual. He is a perfect fit with Vetus.”

“We are very pleased to have Jon join Vetus’ team of distribution specialists,” said Jay Greyson, Managing Director & Principal of Vetus Partners. “His deep expertise in several subsectors of the distribution industry will undoubtedly provide significant additional value to current and future Vetus clients.”

Jon can be reached at

About Vetus Partners LLC
Vetus Partners, awarded 2009 Boutique Investment Bank of the year by The M&A Advisor, helps private and public companies maximize the value of their businesses by providing a comprehensive array of financial advisory services relating to sell-side M&A, buy-side M&A, leveraged buyouts, capital raising, financial restructuring, corporate divestitures and cross-border transactions. Vetus’ investment bankers have served as financial advisors in a broad range of transactions, both domestic and cross-border, with an aggregate dollar volume exceeding $10 billion. Over the past decade, the Principals of Vetus have represented dozens of companies and private equity clients throughout the world. For more information please visit