EP Technology Group Acquires JBI Technologies Inc., Creating New Opportunities for Growth in Hospitality Technology Services

Deal Facilitated by Viking Mergers & Acquisitions

TAMPA, Fla., Oct. 16, 2026 /PRNewswire/ -- JBI Technologies Inc. (JBI), a full-service IT consulting and systems integration firm serving the hospitality industry exclusively, has been acquired by EP Technology Group in a strategic transaction designed to accelerate the company's growth while preserving the relationships and industry reputation that have defined the business since its founding in 2011.

Founder Jerry Balousek will remain actively involved in the business, providing leadership and continuity as JBI enters its next phase of growth.

"Successful outcomes like this transaction are a source of pride for Viking," said Larry Lawson II, President of Viking's Florida Division. "Andrew and Max demonstrated the value of a focused deal team, combining transaction expertise with an unwavering commitment to exceeding our clients' expectations."

Founded by Balousek after more than 20 years in the technology industry, JBI has built a strong reputation for supporting hotel properties through technology infrastructure projects, new construction deployments, structured cabling, IT buildouts, and ongoing support services. What began as a specialized focus on hotel development projects evolved into a trusted technology partner serving hospitality brands across the country. Through organic growth and a continued commitment to client service, the company established itself as a respected provider within the hospitality technology sector.

EP Technology Group pursued the acquisition as part of its strategy to expand its capabilities and strengthen its position within the managed services and technology infrastructure market. The combination brings together JBI's deep hospitality expertise with EP Technology Group's broader operational resources and growth platform, creating new opportunities for employees, customers, and partners.

The transaction also reflects a carefully managed process that generated significant buyer interest. As the business reached an inflection point, Balousek sought a partner that could help expand JBI's capabilities while preserving the culture and customer-focused approach that had contributed to its success. After evaluating multiple opportunities, EP Technology Group emerged as a strong strategic fit to support the company's long-term vision and continued growth.

Andrew Hakkarainen, Associate Partner, and Max Roix, Advisor, of Viking Mergers & Acquisitions represented JBI throughout the transaction.

"JBI had established a strong reputation within a highly specialized segment of the technology services industry," said Hakkarainen. "This transaction brought together a founder who was committed to the future of the business and a buyer with the resources and strategic vision to help accelerate growth. We are proud to have helped both parties achieve a successful outcome."

With the support of EP Technology Group and its leadership team, JBI is well-positioned to expand its service offerings, strengthen client relationships, and continue serving the hospitality industry with the same commitment to quality and expertise that has defined the business since its founding.

About Viking Mergers and Acquisitions Florida Division

Viking Mergers & Acquisitions, with offices strategically located throughout Florida, supports business owners with annual revenues ranging from $2M to $250M. Viking offers complimentary business valuation services, ongoing valuation updates, and comprehensive exit planning and strategy for small and middle-market business owners.

As one of the largest and most successful mergers and acquisitions firms in the United States, Viking is headquartered in Tampa, FL, and Charlotte, NC. The firm has offices strategically positioned across the U.S., providing exceptional brokerage services as well as mergers & acquisitions advisory work. Over the past three decades, Viking has successfully sold over 950 businesses, achieving a closing ratio of nearly four times the industry average. Viking consistently maintains an impressive 85% closing rate, securing sellers an average of 96% of their asking price.

Visit https://www.vikingmerger.com to request a confidential, complimentary business valuation or to access more information regarding selling or buying a business.

SOURCE Viking Mergers & Acquisitions