Generational Equity Announces Sale of California-Based Island Environmental Services to General Environmental Management

DALLAS, TX--(MARKET WIRE)--Jan 9, 2009 -- Generational Equity, an advisor to privately held and family-owned businesses for exit planning, business valuation, and mergers-and-acquisition services, announced the sale of its client, Island Environmental Services, a California-based environmental transporter, to General Environmental Management (GEM). Terms of the deal were not disclosed.

Island Environmental Services is based in Pomona, California (in the Los Angeles metropolitan area). The sellers are a husband-and-wife team who started the company with one truck 25 years ago, and counts among its clients Wal-Mart, Siemens and the California Department of Transportation.

"Our clients were interested in retiring and moving on to the next phase of their lives, and were hoping the sale of the company would allow that to happen," explained Eric Sanderson, the Generational Equity managing director overseeing the transaction.

"While marketing Island Environmental to prospective buyers, a couple of contracts were lost, and we had to revise our strategy," Sanderson said. "The private equity groups that had initially expressed serious interest backed off, however, we located GEM and they turned out to be an excellent match."

"The IES family is excited to join GEM and I look forward to working with the GEM team to further expand this company," said Randy Costales, IES President. "We both share a common-sense approach to customer service and many years of combined experience in this industry. With GEM's systems applied to the IES service group, we expect to continue GEM's momentum in future quarters."

"With this deal, we were able to bring together two high-quality companies," said Ryan Binkley, President of Generational Equity. "Each had strengths the other needed, and the deal worked out well for all concerned."

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 professional advisors 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 General Environmental Management

General Environmental Management, Inc. is a full-service hazardous waste management and environmental services firm providing integrated environmental solutions managed through its proprietary web-based enterprise software, GEMWare, including the following service offering: management and transportation of waste; design and management of on-site waste treatment systems; management of large remediation projects; response to environmental incidents and spills; and environmental, health and safety compliance. Headquartered in Pomona, California, GEM operates seven field service locations and one Treatment, Storage, Disposal facility (TSDF), servicing all markets in the Western U.S.

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