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.

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.