Maroon Group Acquires J. Tech Sales
Maroon Group LLC has acquired J. Tech Sales. J. Tech’s management team, led by Jeff Tannenbaum and Barry Tannenbaum, will remain in place and continue to actively manage the business as an operating vertical within Maroon Group, the companies reported. Terms of the transaction were not disclosed.
“J. Tech Sales is the preeminent specialty chemical and ingredient distributor in the North American HI&I market. This represents a strategic acquisition for us as we build upon existing positions in several core end-markets and continue expanding our value-add service offering,” said Mark E. Reichard, president & CEO of Maroon Group. “Jeff, Barry, and the J. Tech team have fostered strong relationships across the industry and have built a sustainable business model that represents a great fit with our culture. We are thrilled to have them join our team.”
“We are excited to lead Maroon Group’s efforts in the HI&I market and I am confident our team will continue to thrive within their organization. We look forward to leveraging Maroon Group’s world-class infrastructure and the scale of a larger organization, while maintaining an acute focus on our customers and principal partners,” said Tannenbaum, J. Tech’s Executive vice president.