Generational Announces Stock Sale of Creasy & Whiteed Inc.

Generational Equity, an advisor to privately held and family-owned businesses for mergers, acquisitions, and strategic growth initiatives, announced the stock sale of its client Creasy & Whiteed, Inc., a fabricator and installer of metal roofing and architectural sheet metal products, based in Hampton, Va., to private investors in western Va. The value of the transaction was not disclosed.

With the acquisition, Creasy & Whiteed’s new owners intend to expand the company’s geographic reach and build upon its solid reputation and long term customer base.

“We felt that Creasy & Whiteed and the buyers’ interests were a good match,” said Jim Russell, Generational Equity managing director in the transaction. “The seller of the 75 year old business felt comfortable that the buyers’ had the motivation and understanding of the industry to be able to succeed and the company and its current employees would be provided for.”

Creasy & Whiteed entered the market in May 2007, following participation in a Generational Equity seminar and the engagement of Generational Equity’s services including a business valuation and exit strategy planning.  Generational Equity helped the company identify a buyer who understood the unique nature of the client’s business, allowing the business owner to transition to retirement.

Generational Equity successfully participated in the negotiation and structure a deal that included 90 percent cash at closing purchase price, favorable capital gains tax treatment with the stock sale and a long term property lease.  “These factors made the deal very attractive to the seller,” Russell said. “We also worked closely with a regional community bank to assist the buyers in obtaining a competitive loan in a very difficult lending environment.”

The deal closed nine months after Creasy & Whiteed entered the market.

Generational Equity Announces the Sale of Carpathia Hosting

Carpathia Hosting provides information technology application hosting solutions, including servers, firewall/load balancing, bandwidth, backup facilities collocation and remote monitoring. Founded in 2000, Spire Capital Partners is a private equity group with approximately $600 million in assets under management across a broad range of business services.

Carpathia Hosting retained Generational Equity to provide business valuation and exit planning services when its owners decided to pursue other business ventures. “Generational Equity helped us market the company and maximize on the potential wealth in our rapidly growing business,” said Rick Smith, CEO of Carpathia Hosting. “Spire has excellent resources to continue expanding Carpathia and capitalize on our success.”

Spire Capital Partners was interested in acquiring a company in this sector and was working with an established management team to acquire the company. “We are excited to have Carpathia as part of the Spire portfolio,” said Sean C. White of Spire Capital Partners. “We are looking forward to continuing to aggressively grow the company.”

“The deal between Carpathia and Spire Capital reflects Generational Equity’s strong track record of providing valuable advice, securing competitive offers and closing deals on behalf of our clients,” said Generational Equity President Ryan Binkley.

Generational Equity received interest from numerous parties, but recommended focusing on Spire. “We felt that Spire was well suited to acquire Carpathia because of the strong management team ready to take over,” said Steve Heimstead, Generational Equity’s lead managing director for the transaction. “Our team worked very hard to create a deal that would benefit everyone involved and ultimately we were very successful in doing this.”

About Spire Capital Partners LP.
Founded in 2000, Spire Capital is an active and experienced private equity firm with an investment focus in companies within the business services, information services, media and communications sectors. Spire Capital leads buyout investments in its areas of expertise and believes its deep industry experience and network of relationships are invaluable in helping its portfolio companies to grow and succeed. Spire Capital currently has approximately $600 million in assets under management across two funds. For more information, visit www.spirecapital.com.

Generational Equity Announces Sale of Accu-Tech Plastics Inc

Generational Equity, an advisor to privately held and family-owned businesses for mergers, acquisitions, and strategic growth initiatives, announced the sale of its client Accu-Tech Plastics Inc., a Batesville, Miss.-based manufacturer and provider or plastics and plastic injection molding, to a private investor in West Point, Miss. The value of the transaction was not disclosed.

For more than 20 years, Accu-Tech has provided quality plastic-injected molded parts to clients and assisted in implementing production ideas throughout the manufacturing process. The company retained Generational Equity for valuation and advising services on the sale.

“After 20 years in the area, it was very important for Accu-Tech to find a buyer who was interested in growing the business in Batesville,” said Don Sawyer, Generational Equity managing director on the deal. “Our team worked diligently to find the best buyer for the company.”

After marketing Accu-Tech to a large pool of potential buyers, Generational Equity obtained the offer from a private investor looking to use his experience in the plastics industry to expand a company.  “Generational Equity helped us identify a buyer with a strong background in the plastics industry who could continue the company in Mississippi and benefit from the business we already established,” said Bill Byer, owner of Accu-Tech Plastics. “The sale also allows us to begin a new chapter in our lives.”

The buyer used personal funding to finance the deal. “Accu-Tech is a good place for me to use my experience in the industry to build a plastics company of my own,” said the private investor.  “I view Accu-Tech as a solid investment with a lot of potential to build on my background and knowledge.”

About Accu-Tech Plastics Inc.

Accu-Tech, a privately held corporation, was founded more than 20 years ago to do more than meet customer needs for quality plastic injection molded parts.   Accu-Tech offers assistance with part design, resin selection, project development and production.  It is headquartered in Batesville, Miss.

Mitchell Industries Acquires a Majority Stake in Global Systems Inc

Generational Equity, an advisor to privately held and family-owned businesses for mergers, acquisitions, and strategic growth initiatives, announced the acquisition of a majority interest in the industrial automation experts Global Systems Inc. of Decatur, Ala., by Mitchell Industries LLC, for an undisclosed amount.

Global co-owner Nickie Fox requested Generational Equity’s services to find a capital investor willing to contribute capital and share in the growth of the company. The M&A advisor placed proposals before a number of likely investors and attracted considerable interest. Guy Mitchell and his associates with Mitchell Industries LLC showed strong interest early in the process.

Generational Equity’s Managing Director Sam Sumner of Birmingham, Ala., helped the parties identify and comply with tax requirements and other special considerations for a deal of this type. Mitchell’s management team saw Global’s potential for growth was a good fit with its long-term acquisition plans.

“We are very excited about the addition of Global Systems to the Mitchell Industries’ group of companies,” said Guy K. Mitchell III, president of Mitchell Industries LLC. “We believe that they have significant growth prospects and are an excellent synergistic fit with our existing businesses. The outstanding management team and employees at Global Systems will enable us to provide a broader offering of products and services to our industrial customers.”

Generational Equity’s Managing Director Sumner said Global Systems was an attractive investment for a wide range of potential buyers, “But it was clear, based on our experience, that our client would bring strong growth in return for a capital investor, particularly one looking to diversify its portfolio.” Sumner said the deal unfolded as a progressive acquisition over a period of years for an undisclosed price — a method that suited the buyer and appealed to the best interests of the client.

Global Systems Inc. specializes in the design and manufacture of automated equipment primarily employed in cellular manufacturing operations, precision production machining services for industry and PLC-based control systems for industrial facilities. A staff of mechanical designers, electrical designers, programmers, assembly technicians and a full machine shop provides its customers with turn-key automation solutions.

About Mitchell Industries LLC

Mitchell Industries is a diversified private holding company engaged in the acquisition and operation of growth-oriented businesses. As a strategic partner, Mitchell assists companies it acquires with capital investment, business strategy, organization development and key management selection to create exceptional long-term value. Two subsidiaries of Mitchell are DeSHAZO Crane Co. and DeSHAZO Service Co.