#None #Tampa #Hospitality Tech #JBI Technologies #EP Technology Group

EP Technology Group Acquires JBI Technologies Inc.

In a significant strategic move, EP Technology Group has officially acquired JBI Technologies Inc., a full-service IT consulting and systems integration firm dedicated to the hospitality sector. This acquisition is poised to accelerate growth for JBI while maintaining the solid relationships and esteemed reputation the company has built since its inception in 2011.

Leadership Continuity and Vision for the Future

Founder Jerry Balousek will continue to play an active role in the company’s operations, ensuring a smooth transition and continuity as JBI embarks on its next growth phase. With over 20 years of experience in the technology domain, Balousek established JBI as a trusted partner among hotel properties for various tech support needs—from infrastructure projects and structured cabling to ongoing support services.

What started as a niche focus on hotel development has blossomed into a widely recognized player within the hospitality technology landscape. JBI’s growth has been marked by relentless dedication to client service and expertise, fostering a sturdy presence in a competitive field.

Strategic Fit

The acquisition is part of EP Technology Group's strategy to bolster its managed services and technology infrastructure, leveraging JBI's specialized experience in hospitality. The merger brings together JBI’s deep-rooted knowledge and EP Technology’s extensive operational resources, establishing new opportunities for employees, clientele, and industry partners.

This transaction reflects a meticulously managed process, generating substantial interest from prospective buyers. As JBI reached a pivotal moment in its journey, Balousek sought an alliance that could not only enhance the company's capabilities but also preserve its culture and client-centric approach—key elements to its ongoing success. After a thorough analysis of multiple options, EP Technology Group stood out as a perfect partner, aligned with JBI’s long-term aspirations.

According to Andrew Hakkarainen, Associate Partner at Viking Mergers & Acquisitions, which facilitated the deal, the collaboration between a visionary founder and a resourceful buyer positions JBI for heightened growth. Hakkarainen noted, “This transaction connected a committed founder with a buyer capable of delivering the resources and strategic foresight necessary for accelerated progress.”

Looking Ahead

With the backing of EP Technology Group’s leadership, JBI is set to expand its service offerings further, fortify client relationships, and maintain the high standards of expertise that have become synonymous with its brand. The newly merged entity is expected to make significant strides in the hospitality technology sector, enhancing its service delivery and innovations.

As one of the major players in the mergers and acquisitions landscape, Viking Mergers & Acquisitions, noted for its robust track record, showcased their adeptness in facilitating this successful transaction. They support business owners across Florida, ensuring comprehensive services including business valuations and strategic exit planning.

For further information regarding business acquisitions or if you're contemplating selling or buying a business, visit Viking Merger's website.

In conclusion, this acquisition marks a pivotal step in JBI Technologies' evolution, aimed at fostering an enriched environment for growth and continued excellence in hospitality technology services.