DALLAS, TX--(Marketwire - April 30, 2009) - 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.
About Generational Equity
Generational Equity is one of the nation's leading middle-market mergers
and acquisitions companies, providing private business owners with the
information and expertise they require to exit their business successfully.
A unique, four-phase approach that includes education, financial analysis
and reporting, sales documentation and deal-making ability combine to offer
business owners an unparalleled level of commitment and experience, all
focused on helping to release the generational equity and wealth in every
business.
Generational Equity has more than 300 professionals and affiliates
nationwide and is headquartered in Dallas, with affiliate offices in New
York, Chicago and Irvine, Calif. For more information, contact Generational
Equity at 877-213-1792 or info-us@genequityco.com, or visit
www.genequityco.com.
About Creasy & Whiteed
Creasy & Whiteed makes and installs metal roofing and architecture sheet
metal products. Based in Hampton, Va., the company has been a recognized
name in commercial roofing for more than 75 years.