--- title: Our History | Jones Capital Private Equity Solutions description: Founded in 1949 in rural southwest Mississippi, Jones Capital understands the journey of building from the ground up. image: https://jones.com/hubfs/Feature%20Images/History%20-%20Feature%20Image%20-%20Jones%20Capital.png --- # Our History ## Jones Capital Private Equity Solutions ![History - Feature Image - Jones Capital](https://jones.com/hs-fs/hubfs/Feature%20Images/History%20-%20Feature%20Image%20-%20Jones%20Capital.png?width=1200&height=600&name=History%20-%20Feature%20Image%20-%20Jones%20Capital.png) ## Built from the Ground Up ### Our history is always in the making. **We trace our roots back to a small, family-owned hardwood sawmill in rural southwest Mississippi. ** From those humble beginnings, we have steadily grown, turning opportunities into businesses, and turning businesses into industry leaders. We strive to “build the legacy” today by remaining true to the timeless values and hard work that brought us here, and by embracing change that all dynamic businesses face. ![Our History - Jones Capital - wired-outline-196-clock-time-reverse](https://jones.com/hs-fs/hubfs/Animated%20Icons/Why%20Jones/Our%20History%20-%20Jones%20Capital%20-%20wired-outline-196-clock-time-reverse.gif?width=80&height=80&name=Our%20History%20-%20Jones%20Capital%20-%20wired-outline-196-clock-time-reverse.gif) ### H I S T O R Y 1949 | Jones Lumber ![Jones Lumber](https://jones.com/hs-fs/hubfs/History%20Logos/Jones%20Lumber.png?width=100&height=100&name=Jones%20Lumber.png) Lloyd Jones incorporates Jones Lumber Company as a one-site hardwood sawmill in Sandy Hook, MS. Over the past 70 Years, Jones Lumber has become one of the largest and most financially stable hardwoods sawmills in the U.S., with 12 dedicated mills across five sites.   1949 | Jones Lumber 1976 | Dixie Mat ![Dixie Mat](https://jones.com/hs-fs/hubfs/History%20Logos/Dixie%20Mat.png?width=100&height=100&name=Dixie%20Mat.png) Brett Jones, Lloyd Jones’ son, incorporates Dixie Mat and Hardwood, the predecessor to Yak Access, which is now the largest provider of rentable, temporary access roadways to various industrial end markets in North America.   1999 | Jones Logistics ![Jones Logistics](https://jones.com/hs-fs/hubfs/History%20Logos/Jones%20Logistics.png?width=100&height=100&name=Jones%20Logistics.png) Jones Logistics, originally known as Jones Brothers Trucking, founded. Today, Jones Logistics is one of the largest flatbed freight brokerages in the country and a leading provider of asset-based, dedicated logistics services.   1999 | Jones Logistics 2000 | FV Recycling ![FV Recycling](https://jones.com/hs-fs/hubfs/History%20Logos/FV%20Recycling.png?width=100&height=100&name=FV%20Recycling.png) FV Recycling was founded to provide bale route recycling services to the southwest Mississippi region. FV today operates in 7 states and is one of the largest privately held paper recyclers in the Southeastern United States.   2007 | Portabull Storage ![Portabull History Logo-1](https://jones.com/hs-fs/hubfs/History%20Logos/Portabull%20History%20Logo-1.png?width=131&height=88&name=Portabull%20History%20Logo-1.png) Portabull Storage is launched to provide on-site cold storage for large grocers in need of temporary cold storage capacity. Today, Portabull Storage is one of the nation’s largest providers of rentable electric coolers, serving grocers nationwide.   2007 | Portabull Storage 2010 | Jones Pipeline ![Jones Pipeline](https://jones.com/hs-fs/hubfs/History%20Logos/Jones%20Pipeline.png?width=100&height=100&name=Jones%20Pipeline.png) Jones Pipeline Services is founded. Today, Jones Pipeline Services (now known as Jones Power) offers a one-stop-shop for customers needing yard management, specialty logistics, materials management and civil construction to the energy and renewables sectors.   2010 | Portabull Fuel ![PortaBull Fuel](https://jones.com/hs-fs/hubfs/History%20Logos/PortaBull%20Fuel.png?width=100&height=100&name=PortaBull%20Fuel.png) Portabull Fuel Solutions created in response to the growing demand for remote fuel distribution solutions.   2010 | Portabull Fuel 2011 | Spot ![Spot](https://jones.com/hs-fs/hubfs/History%20Logos/Spot.png?width=100&height=100&name=Spot.png) SPOT founded to leverage technology to enhance project accountability and materials traceability for industrial construction projects. The company has rapidly become a leading provider of yard, asset, and project management solutions for major infrastructure customers globally.   2015 | PWI Supply ![PWI Supply](https://jones.com/hs-fs/hubfs/History%20Logos/PWI%20Supply.png?width=100&height=100&name=PWI%20Supply.png) PWI Supply, a leading distributor of consumable products to the energy infrastructure industry, sold to Cross Country Pipeline Supply Co, an Odyssey Investment Partners portfolio company, after a successful 6 year hold.   2015 | PWI Supply 2016 | Yak Access ![Yak Access](https://jones.com/hs-fs/hubfs/History%20Logos/Yak%20Access.png?width=100&height=100&name=Yak%20Access.png) Dixie Mat and Beasley Forest Products-Matting Division merged and became Yak Access, the leading matting provider for North American Infrastructure products.   2018 | Yak Access ![Yak Access](https://jones.com/hs-fs/hubfs/History%20Logos/Yak%20Access.png?width=100&height=100&name=Yak%20Access.png) Platinum Equity completes the majority recapitalization of Yak Access.   2018 | Yak Access 2018 | Codaray ![Codaray](https://jones.com/hs-fs/hubfs/History%20Logos/Codaray.png?width=100&height=100&name=Codaray.png) Codaray Construction is founded to serve the commercial construction needs of Mississippi and the greater Southeast.   2018 | Jones Capital ![Jones Corporate](https://jones.com/hs-fs/hubfs/Logo/Jones%20Corporate.png?width=100&height=100&name=Jones%20Corporate.png) Jones Capital formed to formalize the investment activities of Jones and begins to actively seek new partnership opportunities with leading lower middle-market businesses.   2018 | Jones Capital 2019 | Big Black River ![Big Black River](https://jones.com/hs-fs/hubfs/History%20Logos/Big%20Black%20River.png?width=100&height=100&name=Big%20Black%20River.png) Jones Capital completes the acquisition of Big Black River timberland package, one of the largest holdings of timberland in Mississippi.   2020 | Volume Freight ![Jones Logistics logo](https://jones.com/hs-fs/hubfs/History%20Logos/Jones%20Logistics.png?width=100&height=100&name=Jones%20Logistics.png) Jones Capital and Jones Logistics completes the acquisition of Volume Freight, a dedicated asset-based logistics provider that complements Jones Logistics' existing offerings.   2020 | Volume Freight 2020 | Parade ![Parade](https://jones.com/hs-fs/hubfs/History%20Logos/Parade.png?width=100&height=100&name=Parade.png) Jones Capital completes an investment in Parade, the leading capacity management platform for freight brokers to drive digital transformation.  2020 | Rockport Terminals ![Rockport](https://jones.com/hs-fs/hubfs/History%20Logos/Rockport.png?width=100&height=100&name=Rockport.png) Jones Capital completes the acquisition of Rockport Terminals, LLC, a 225-acre multi-modal terminal strategically located outside of the rapidly growing Corpus Christi, TX market.   2020 | Rockport Terminals 2022 | Foundation AI ![Foundation AI](https://jones.com/hs-fs/hubfs/Graphics/Foundation%20AI.png?width=100&height=100&name=Foundation%20AI.png) Jones Capital completes the acquisition of Foundation AI, a leading industry provider of AI powered solutions that streamline labor-intensive processes, reduce costs, and optimize decision-making. 2023 | TRU Solutions ![Tru Solutions](https://jones.com/hs-fs/hubfs/Graphics/Tru%20Solutions.png?width=100&height=100&name=Tru%20Solutions.png) SPOT Tracker and TruQC merge to become TRU Solutions, an industry-leading digital data management platform for critical assets across the infrastructure, energy, and shipbuilding and repair sectors.   2023 | TRU Solutions 2023 | Nationwide Express ![Jones Logistics logo](https://jones.com/hs-fs/hubfs/History%20Logos/Jones%20Logistics.png?width=100&height=100&name=Jones%20Logistics.png) Jones Capital and Jones Logistics complete the acquisition of Nationwide Express, a leading provider of dedicated trucking services, warehousing, 3PL logistic services, recycling transportation, and waste management solutions. 2023 | Linn Paper Stock and QLL Equipment ![FV recycling logo](https://jones.com/hs-fs/hubfs/History%20Logos/FV%20Recycling.png?width=100&height=100&name=FV%20Recycling.png) Jones Capital and FV Recycling complete the acquisition of Linn Paper Stock and QLL Equipment, expanding FV’s overall footprint into Arkansas and its surrounding states.    2023 | Linn Paper Stock and QLL Equipment 2024 | Tupelo Recycling ![FV recycling logo](https://jones.com/hs-fs/hubfs/History%20Logos/FV%20Recycling.png?width=100&height=100&name=FV%20Recycling.png) Jones Capital and FV Recycling complete the acquisition of JET Polymer Recycling, commonly known as Tupelo Recycling, increasing the density of FV's footprint in North Mississippi, Alabama, Kentucky, and Tennessee. 2024 | Kelly Refrigeration and Freezer ![Portabull History Logo-1](https://jones.com/hs-fs/hubfs/History%20Logos/Portabull%20History%20Logo-1.png?width=135&height=91&name=Portabull%20History%20Logo-1.png) Jones Capital and Portabull Cold Storage acquire Kelly Refrigeration and Freezer's rental fleet and establish an operational hub in the Northeast United States.  2024 | Kelly Refrigeration and Freezer 2024 | Portabull Fuel ![Portabull fuel logo](https://jones.com/hs-fs/hubfs/History%20Logos/PortaBull%20Fuel%20(2).png?width=100&height=100&name=PortaBull%20Fuel%20(2).png) Portabull Fuel, a leading provider of portable fueling systems in the equipment rental market, sold to CR Fuels, a partnership between Rogers Oil Company, Inc. and Chancellor, Inc.  2024 | Dark Horse Electric ![landscape color lightBG@8x [DH logo] [RGB for screens]](https://jones.com/hs-fs/hubfs/History%20Logos/landscape%20color%20lightBG@8x%20%5BDH%20logo%5D%20%5BRGB%20for%20screens%5D.png?width=124&height=46&name=landscape%20color%20lightBG@8x%20%5BDH%20logo%5D%20%5BRGB%20for%20screens%5D.png) Jones Capital completes the recapitalization of Dark Horse Electric, a business with over twenty years of experience in the utility services industry.  2024 | Dark Horse Electric 2024 | Portable Refrigeration Storage Inc. ![Portabull History Logo-1](https://jones.com/hs-fs/hubfs/History%20Logos/Portabull%20History%20Logo-1.png?width=135&height=91&name=Portabull%20History%20Logo-1.png) Jones Capital and Portabull Cold Storage acquire Portable Refrigeration and Storage's rental business and fleet of temporary on-site cold storage units.  2024 | Alta Arbor Holdings ![Alta-Arbor-Horiz-Full-Logo-Dark](https://jones.com/hs-fs/hubfs/Alta-Arbor-Horiz-Full-Logo-Dark.png?width=119&height=34&name=Alta-Arbor-Horiz-Full-Logo-Dark.png)   Jones Capital completes a strategic partnership and investment in Alta Arbor, an investment holding company focused on acquiring and holding high-quality horticulture businesses.  2024 | Alta Arbor Holdings 2025 | Portabull Cold Storage ![Portabull History Logo-1](https://jones.com/hs-fs/hubfs/History%20Logos/Portabull%20History%20Logo-1.png?width=135&height=91&name=Portabull%20History%20Logo-1.png) Portabull, a leading provider of nationwide portable cold storage solutions, is acquired by WillScot Mobile Mini, a subsidiary of WillScot Mobile Mini Holdings Corp (WillScot).  2025 | Mid America Paper Recycling ![FV recycling logo](https://jones.com/hs-fs/hubfs/History%20Logos/FV%20Recycling.png?width=100&height=100&name=FV%20Recycling.png) Jones Capital and FV Recycling acquire Mid America Paper Recycling, one of the largest independent brokers, processors, and exporters of recovered materials in the Central US. 2025 | Mid America Paper Recycling ##### Our history is always in the making. ![Jones-EllipseJ-RGB-RED](https://jones.com/hs-fs/hubfs/Logo/Jones-EllipseJ-RGB-RED.png?width=35&height=35&name=Jones-EllipseJ-RGB-RED.png) ## Contact Us #### Have questions or interested in partnering with Jones Capital? 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