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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 Pinnacle Precision, Inc., a contract manufacturer for stamping metal products and secondary machinery and fabricating, to OEM Advantage, also a metal stamping operation. The value of the transaction was not disclosed.
The acquisition came as part of a growth strategy for OEM Advantage, which had recently purchased another stamping operation.
"Pinnacle had always had a lot of pride in its ability to deliver a wide range of quality products. It became a perfect addition to the OEM Advantage organization," said Doug Smith, Generational Equity managing director in the transaction.
Pinnacle's owners were looking for an all-cash transaction, which required three separate deals and the Generational Equity team updating financial and marketing information three times over the course of the sales process.
"Twice we thought we had done deals," said Ryan Binkley, President of Generational Equity, "but they weren't exactly what our client wanted. We thought we might never close a deal, but ultimately, we were able to make it happen for both Pinnacle and OEM Advantage."
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.
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