Cleveland-based private equity firm Foundation Investment Partners has acquired Whitley County-based truck parts distributor W.A. Jones. Terms of the transaction were not disclosed.
W.A. Jones employs 45 people and says it is the largest independent truck equipment dealer in the state.
"We saw it as a great opportunity to partner with FIP. Their industry knowledge allows us to execute a strategic growth plan and continue to enhance our business while maintaining the high level of customer service we are known for," said Greg McNeal, the chief executive officer of W.A. Jones in a news release.