Yak Access
Jones Capital Case Study
Industry: Temporary Access Solutions for Energy Infrastructure
Acquisition Date: Company established in 1976 by the Jones family and cultivated through the decades.
Status: Majority interest sold in 2018.
Access Mats
The tradition of building mats began under the leadership of Brett Jones, who started DixieMat. With years of experience in the timber business, Brett began building hardwood mats to support the construction and pipeline industries.
With the on-going demand from both the midstream construction and transmission and distribution industries, DixieMat merged with their long-time partner, Beasley Forest Products- matting division in 2016. The two companies rebranded the matting company which is today known as YAK ACCESS.
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Key Facts
Yak Access is the leading provider of temporary access solutions to the energy infrastructure industry.
Unrivaled in scale and breadth of solutions, Yak Access was built under the visionary ownership and leadership of Jonathan Jones.
The company comprises five related businesses – Yak Mat, New South Access and Environmental Solutions, BluRoc, and Klein Restoration Services – offering a full suite of solutions, including hardwood mats, temporary and permanent access roads, site evaluation, design and installation of access plans, and mat removal.
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YAK ACCESS & JONES
Jones Value Creation
Built a culture and values driven organization, routinely named one of Mississippi’s “Best Places to Work.”
Implemented a new ERP system, and heavily invested in IT, accounting, sales, marketing and HR infrastructure.
Retained a material rollover stake in the company and still provides ongoing guidance through a board seat.
Retained JP Morgan and successfully exited the majority position to Platinum Equity, a tier one private equity firm based in Los Angeles, CA.
Build the industry’s largest mat fleet.
Invested heavily in product development and technology, including mat enhancement technique and RFID tracking.
Closed multiple add-on acquisitions, including NewSouth Access and Environmental Solutions and BluRoc.
Changed the industry’s go-to market structure by moving from a sale model to a lease model.
Orchestrated a merger of equals with Beasley Forest Products, creating the industry’s largest temporary access provider under the new “Yak Access” brand.