BDO provides financial due diligence for Fortitude Investment Partners’ acquisition of Richard Jay

BDO acted as adviser to Fortitude Investment Partners, providing financial due diligence and transaction documentation assistance in its acquisition of a majority stake in Richard Jay, a leading Australian provider of commercial laundry equipment and cleaning chemicals.

Founded in 1969, Richard Jay has grown from a single laundromat in Adelaide to a nationally recognised provider of commercial laundry equipment, chemicals and dispensing solutions. The business provides services and products to essential sectors including healthcare, hospitality, education, government and mining, operating through its core brands Richard Jay, JayChem and Symbio.

The BDO team, led by Greg Ellis (National Leader, Private Equity and Partner, Deal Advisory), was pleased to support Fortitude Investment Partners on this transaction. Our involvement helped enable Fortitude’s first investment from its flagship fund and supports the next phase of growth for a long-established, founder led Australian business.