TrussPoint Equity Partners has acquired a controlling interest in JDI Cleaning Systems, a Burlington, Ontario-based franchisor of commercial cleaning, janitorial and disinfection service businesses. No financial terms were disclosed. JDI is the inaugural investment of TrustPoint, a Canadian private equity firm founded last year by managing partner Jonathan Draycott.
(Toronto, January 21, 2022) TrussPoint Equity Partners (“TrussPoint”) of Toronto, Ontario is pleased to announce that they have acquired a controlling interest in JDI Cleaning Systems Inc. (“JDI”), from its co-founders, Joe Imbrogno and John Simpson, who will maintain an investment in JDI.
JDI, based in Burlington, ON, is a leading franchisor of commercial cleaning, janitorial and disinfection service businesses serving the commercial and industrial sectors. JDI’s end customer base includes car dealerships, college and university residences, construction sites, day care facilities, dental offices, doctors’ offices, financial and insurance offices, industrial facilities, medical facilities, movie theatres, professional offices, retail stores, schools, shopping malls, and warehouses.
Founded in 1992, JDI’s franchise system is currently comprised of six regional franchise owners and approximately 140 local franchisees, servicing over 1,000 customers across the following eight Southern Ontario regions: Hamilton-Burlington, Kitchener-Waterloo, London, Milton-Brampton, Niagara, Oakville-Mississauga, Toronto, and Windsor-Sarnia.
“I continue to be impressed by JDI, its founders and its franchisees,” said Jonathan Draycott, Partner at TrussPoint and newly appointed President of JDI. “Cleaning is a necessary service for every organization that occupies physical space and through all business and economic conditions. While many businesses have struggled over the past two years, the COVID-19 pandemic has highlighted the importance of a clean, safe work environment for employees and other stakeholders. JDI has done a terrific job providing essential cleaning and disinfection services during the COVID-19 pandemic, ensuring safe and clean spaces for employees and customers to return to. Furthermore, JDI has done an excellent job creating an operating system that provides the necessary technical training, back office and business support, and sales and marketing services to allow local franchisees to successfully operate their own business and be their own bosses.”
“For almost 30 years, JDI has lived up to and exceeded our core values that focus on Quality, Customer Satisfaction and People,” said Joe Imbrogno, co-founder of JDI. “This transaction denotes a monumental time in JDI’s history, and we are thrilled to be partnering with TrussPoint, who we believe will continue to live up to our core values and build on our market leading position.”
“We feel that this investment in JDI is a tremendous opportunity for TrussPoint, as JDI is a leader in providing commercial cleaning, janitorial and disinfection services in Ontario. JDI has a strong brand name, and its regional franchise owners have done an impressive job expanding their regions, growing their respective local franchise bases, and selling essential cleaning services to JDI’s end customers,” said Jonathan Draycott. “JDI has done a remarkable job delivering transparent health and safety peace of mind to its clients and I am proud to have JDI mark the first investment for TrussPoint.”
“I am excited to be partnering with TrussPoint, who I am confident will continue to grow JDI across Canada, while maintaining the legacy of JDI and ensuring our customers and franchisees are well taken care of,” said John Simpson, co-founder of JDI.
TrussPoint is a private investment firm who invests in and strategically partners with entrepreneurial businesses, with a particular focus on assisting owner-operators with succession. Our mandate is to ensure the foundation of what has been built is not only reinforced but supplemented to stand the test of time. We invest our own money and are a long-term focused, supportive, hands-on partner to the businesses we invest in. When we invest, we think about the value of compounding efforts, with the plan to hold our investments and make decisions aligned with this mindset. Similarly, we do not hesitate to sacrifice short-term profitability to make everlasting improvements.