July 13, 2022 – Blue River Financial Group has advised BBG, a leading independent third-party commercial real estate due diligence firm and portfolio company of Incline Equity Partners, on the recent acquisition of David E. Jones & Associates. The acquisition will play a critical role in BBG’s growth strategy in the Sun Belt region.

BBG offers comprehensive due diligence services including valuation, advisory, assessment, desktop evaluation, energy services, cost segregation, zoning, and ALTA surveys. Headquartered in Dallas, the firm has 48 offices in key US markets and more than 2,800 clients. As one of the Big Five national commercial real estate valuation firms, BBG has achieved a reputation for personal attention, on-time delivery and deep expertise in multi-family, office, retail and industrial sectors.

Austin-based David E. Jones & Associates has provided first-class commercial real estate valuation & advisory services, business valuation reports, and commercial brokerage assistance since 1986. The group conducted appraisals in all areas of Texas, with the majority of our services being in the market areas of Austin, Dallas/Fort Worth, Houston, San Antonio, Corpus Christi, Midland, and Odessa, as well as the larger areas between these regions. Primary clients included financial institutions, developers, corporations, law firms, and government agencies.

“We are excited to see the joining of two extraordinary teams as a result of this transaction. Through the years, David E. Jones & Associates has defined itself as a trusted service provider, delivering routine excellence to its clients. Their team embodies the expertise, leadership, and growth-oriented spirit found at the heart of BBG’s culture. Blue River is grateful to have been a part of this BBG/David E. Jones growth chapter, and we are excited about their future shared successes.” said Sara Clevenger, Principal of Blue River.

Incline Equity Partners, headquartered in Pittsburgh, Pennsylvania, is a private equity firm investing in manufacturing, distribution and business services companies. Incline is generally seeking growing companies with enterprise values of $25 – $750 million. Incline’s typical investment types are ownership transitions for privately held businesses, buyouts and corporate divestitures within the U.S. and Canada.


Sara Clevenger

About Blue River

Blue River Financial Group is a middle market merger and acquisition advisory firm headquartered in Bloomfield Hills, Michigan. It assists corporations, private equity groups and individuals in the sale and acquisition of businesses, and has completed assignments in multiple business segments. With over 20 years of experience spanning across 50 global industries, Blue River provides a suite of services to middle market clients including corporate development, private equity support, valuations and transaction consulting, placing a premium on relationship-centered transaction counsel and client focus.

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