Priestly Demolition completes majority acquisition of Jones Group
By Adam FreillDemolition
Two major players in the demolition industry join forces and expand reach.
Toronto-based Priestly Demolition Inc. (PDI), a leader in the demolition industry, has announced the majority acquisition of Windsor, Ontario-based Jones Group Ltd., a company with considerable experience in demolition and abatement.
The agreement is expected to facilitate the expansion of both companies and allow for PDI and Jones Group to work together on larger projects, across Canada and the United States.
“We look forward to close cooperation with Terry and his team as we expand our operations to facilitate bigger demolition, abatement and remediation projects than we’ve ever done before,” said Ryan Priestly, president of PDI.
“Ryan and I work very well together. I admire his integrity and drive and can’t wait to be working with the Priestly family to grow and diversify,” added Terry Jones, president of Jones Group Ltd. “As a team, we will bring the very best of everything to the demolition industry.”