Stevenson & Company completes the sale of Jett Services, LLC
Result: Business Sold to Strategic Buyer
Industry: Services – Marketing Services Company
Stevenson & Company completed the sale of Jett Services, LLC headquartered near Chicago, IL, to Diamond Marketing Solutions, a full service, data driven, direct response communications company.
Founded in 1983, Jett Services is an order fulfillment and direct marketing firm that offers its clients literature and premium fulfillment, bulk distribution, direct marketing program development and convention and lead management. Its customers include large pharmaceutical and healthcare companies. Throughout its history, Jett has developed strong customer relationships and process expertise in the vibrant fulfillment and direct mail services industry.
Stevenson & Company was retained to negotiate the sale when Jett Services was approached by a sophisticated strategic buyer with significant acquisition experience. Jett was seeking a group of M&A professionals that could “level the playing field” during the transaction process.
The buyer, Diamond Marketing Solutions, provides end-to-end marketing solutions, from concept to distribution, for consumer and business-to-business direct marketers. The addition of Jett Services expanded its direct mailing and fulfillment services and provided a strong foothold into the pharmaceutical and healthcare markets. DMS is a portfolio company of Cardinal Growth, a private equity firm based in Chicago.
Bob Jette’, President of Jett Services commented: ”The results Stevenson was able to give us far exceed our expectations…someday I’ll be an owner of another business and I’ll look to sell another company and I know I’ll be back with Stevenson & Company”.
Stevenson served as an excellent trusted advisor throughout. They provided me with precisely what I needed – an aggressive go-to-market approach, the guidance to present Aerostar’s story and future strategy, and the drive to get it successfully closed! And this is what retirement looks like!