FMI Capital Advisors Announces Sale of JJ White Inc. to Clough
JJ White Bolsters Clough’s Reach and Marketing Offerings in North America
FMI Capital Advisors is pleased to announce the sale of JJ White Incorporated (JJ White) to Clough, an engineering and construction company based in Perth, Western Australia.
JJ White is a fourth-generation multi-trade engineering and contracting business, headquartered in Philadelphia, Pennsylvania. With a rich 100-year history, the company specializes in industrial maintenance and related construction services in the Mid-Atlantic, Midwestern and New England regions.
James White, President and CEO for JJ White said: “I am very excited about this next chapter for our company. Both JJ White and Clough were founded as family-run businesses and have an unwavering commitment to safety and execution excellence. Together, both companies have a core drive to always find a way to deliver for our clients. I am deeply proud of our employees for their contributions to the culture we have built, and I’m confident that our integrity and quality of service that our clients have come to rely on will remain at the forefront of our business as we integrate into the Clough Group family of companies.”
“FMI played a pivotal role in helping us identify a buyer whose experience, values and dedication to client service mirrored ours. With their guidance, we were able to find a trusted partner that will continue to uphold our legacy,” added White.
FMI worked alongside Tim Clayton of Emerging Capital, LLC who served as an executive consultant to James White, providing financial advisory and exit planning consulting services, as well as coordinating all of the Sellers internal efforts surrounding the sale process.
About JJ White
JJ White, founded in 1920, is a private, fourth-generation multi-trade engineering and contracting business, headquartered in Philadelphia. JJ White specializes in industrial maintenance and related construction services that covers a full range of mechanical and electrical disciplines.
For more information about JJ White, please visit www.jjwhiteinc.com.
About Clough
Clough is a pioneering engineering and construction company established in 1919 in Perth, Western Australia. Clough delivers sustainable high performing assets for the energy, infrastructure and resources industries underpinned by a dedication to problem solving and getting the job done safely and efficiently.
Today, Clough manages a global workforce of over 2,000 people from operating centers across Australia, Asia Pacific, North America, and the UK that strive for the best in everything, setting new safety and performance benchmarks every single day.
Clough is a wholly owned subsidiary of Murray & Roberts, a multinational group that focuses its expertise on delivering sustainable and fit-for-purpose project engineering, procurement, construction, commissioning, operations and maintenance solutions. The Group delivers its capabilities into the resources, industrial, energy, water and specialized infrastructure sectors.
About FMI Capital Advisors
FMI Capital Advisors has fully dedicated and deeply experienced investment banking teams advising clients on merger and acquisition (M&A) transactions across the built environment. We maximize value for our clients through our deep market knowledge, strong technical expertise and an unparalleled network of industry relationships.
For more information, visit FMI Capital Advisors.
About Emerging Capital, LLC
Emerging Capital, LLC is a specialized management consulting firm providing advisory services in the areas of strategic planning, mergers and acquisitions, capital formation and corporate governance. Mr. Clayton, the founding principal of Emerging Capital, works closely with business owners, boards and management teams to navigate merger, acquisition or business sale processes from inception to closing.
FMI Capital Advisors Contact
Alex Miller
[email protected]