Terms of the deal were not disclosed. The integration of both companies will occur over the next several months, Jones & Frank said.
“We are very excited about this acquisition and the depth that the strong team at Reliable adds to our business. The blending of key resources from both organizations will translate into increased efficiencies to better serve our customer,” states Jones & Frank CEO Sterling Baker.
Jeff Badgley, president of Reliable, said, “Our management team is looking forward to the opportunity this acquisition presents to continue the growth of our service and distribution business throughout the Midwest.”
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