Citizens Financial : Capital Markets’ Bowstring advises J&J Services, Inc. on its recapitalization investment from Main Street Capital Corporation

11/14/2019

Citizens Capital Markets' Bowstring advises J&J Services, Inc. on its recapitalization investment from Main Street Capital Corporation

PROVIDENCE, RI - Bowstring Advisors, a division of Citizens Capital Markets, served as the exclusive financial advisor to J&J Services, Inc., a leading waste services provider serving the greater Nashville market, on its minority recapitalization investment from Main Street Capital Corporation, a Houston-based publicly-traded business development company (NYSE:MAIN).

J&J offers roll-off dumpster and portable toilet rental services to an expansive base of residential construction, commercial construction, and demolition customers. Driven by the company's highly responsive, customer-centric service approach, J&J has developed numerous longstanding relationships with regional and national contractors operating throughout the rapidly growing Nashville and middle Tennessee markets.

'Bowstring provided invaluable counsel to my family as we navigated the effort to find the right partner for J&J. The Bowstring team invested the time to truly understand our business, expertly positioned J&J to a diverse set of potential partners and designed a process that delivered a spectacular outcome for our shareholders and employees. We look forward to working with David Morse, Ryan Sugrue and the Bowstring team in the future.' said John Biles Jr., President and CEO of J&J Services, Inc.

'J&J's exceptional growth is a testament to the best-in-class service levels and value proposition the company provides for its loyal customers,' said David Morse, Director at Bowstring. 'John and the Biles family have built an impressive company with multiple expansion opportunities, and sought a partner to support their growth while preserving J&J's customer-centric culture. Main Street's flexible capital and entrepreneurial approach are a perfect fit for J&J, and we look forward to the company's continued growth and success.'

Citizens Capital Markets, Inc. provides merger and acquisition, capital raising and other financial advisory services to middle market companies across a focused set of industry verticals. Citizens delivers thoughtful advice, keen market insight and superior execution to clients, both nationally and internationally. Citizens' managing directors average nearly 30 years of experience and have directly executed more than 1,000 transactions throughout their careers.

For more information, please go to the Citizens Commercial Banking M&A Advisory Serviceswebsite.

About Citizens Financial Group, Inc.

Citizens Financial Group, Inc. is one of the nation's oldest and largest financial institutions, with $162.7 billion in assets as of June 30, 2019. Headquartered in Providence, Rhode Island, Citizens offers a broad range of retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations and institutions. Citizens helps its customers reach their potential by listening to them and by understanding their needs in order to offer tailored advice, ideas and solutions. In Consumer Banking, Citizens provides an integrated experience that includes mobile and online banking, a 24/7 customer contact center and the convenience of approximately 2,900 ATMs and approximately 1,100 branches in 11 states in the New England, Mid-Atlantic and Midwest regions. Consumer Banking products and services include a full range of banking, lending, savings, wealth management and small business offerings. In Commercial Banking, Citizens offers corporate, institutional and not-for-profit clients a full range of wholesale banking products and services, including lending and deposits, capital markets, treasury services, foreign exchange and interest rate products, and asset finance. More information is available at www.citizensbank.comor visit us on Twitter, LinkedInor Facebook.