#USA #Boston, Massachusetts #Fort Point Capital #Jones Lake Management #Leonard Green Partners

Fort Point Capital Completes Exit from Jones Lake Management

On December 9, 2025, Fort Point Capital, a private equity firm based in Boston, announced the successful sale of its investment in Jones Lake Management (JLM) to Leonard Green & Partners, a well-established private equity investment firm with over $75 billion in assets. This strategic exit marks a significant milestone for Fort Point, which focuses on service-oriented businesses in the lower middle market.

About Jones Lake Management

Founded in 1989 in Cincinnati, Ohio, Jones Lake Management has grown to become one of the largest providers of pond and lake management services in the United States. The company offers a range of services that include fish stocking, pond aeration, fountain sales and ecological improvement services. Their team consists of professionally certified biologists who create tailored aquatic resource management programs aimed at maintaining healthy aquatic ecosystems.

Over the years, JLM has expanded its operations significantly, growing from servicing four states to now providing services across 26 states. This remarkable growth has positioned Jones Lake Management as a leading partner for residential homeowners, commercial properties, golf courses, and public water bodies, making it the go-to name for lake and pond management services nationwide.

Strategic Growth and Partnership with Fort Point

Under Fort Point's partnership, JLM embarked on a sustainable growth strategy, resulting in a notable increase in the company’s footprint and capabilities. The collaboration initiated in 2022 saw Fort Point aid JLM in enhancing its operations, expanding its service offerings, and accessing new markets. Thanks to Fort Point’s resources and strategic guidance, Jones Lake Management completed 15 strategic acquisitions over the past three years, further cementing its growth trajectory.

Rob Jones, founder of JLM, expressed satisfaction with the partnership, stating that Fort Point respected the company’s legacy and helped build upon it. Tom Barry, CEO of JLM, echoed this sentiment, commending Fort Point for their steadfast support and engagement in driving the business forward. The strategic enhancements have not only accelerated growth but have also enhanced the company’s reputation in the industry, making it a preferred partner for other service providers committed to excellence.

A New Chapter Ahead

As Rob Jones transitions from daily management duties, he looks forward to a promising new phase for JLM with Leonard Green Partners. They have a strong track record of investing in growing businesses and supporting them in realizing their full potential. Fort Point Capital will continue to play a role as a minority investor, marking an ongoing relationship with JLM.

In summary, the successful exit from Jones Lake Management is a testament to Fort Point's management-led approach to private equity that prioritizes growth and collaboration. With a robust strategy in place, both Fort Point and JLM are poised for encouraging futures and successful ventures in their respective journeys. This transition symbolizes not just growth, but also the enduring commitment to community and service that defines Jones Lake Management’s operations, as articulated by its leadership.