DALLAS – October 5, 2006 – Generational Equity, a global leader in middle market investment banking, today announced the opening of a new office in the Chicago area and its appointment of James A. Korreck as Managing Director in its Chicago office. 
“The addition of the Chicago office expands our presence in the United States and reflects the continued growth and success of Generational Equity in critical domestic and international markets,” said Dr. John Harold Binkley Jr., CEO and chairman of Generational Equity. “As the head of this office, Jim Korreck will bring significant value to our clients as a result of his expertise in the M&A industry and his many years as a successful consultant.”
Generational Equity’s expectations of continued success in the M&A industry are driven not only by its addition of strong, experienced dealmakers in key markets, but also by a robust domestic and international capital market seeking strategic investments, and by the maturing of business owners – many of whom are Baby Boomers now approaching retirement age.  A survey released jointly last month by Generational Equity and the University of Dallas revealed that 80 percent of U.S. middle market business owners are currently contemplating the sale of their business, and more than 75 percent expect to sell within the next three years.
Generational Equity’s continued growth is reflected in its recent move to a new, 16,314-square-foot corporate headquarters in Dallas, located in the JPMorgan International Plaza on the Dallas North Tollway.  In recent months, the firm also publicly announced several successful deal closings on behalf of middle market clients nationwide.
Generational Equity’s new office is located in the Zurich Towers at 1450 E. American Lane, Suite 1400, in Schaumburg, Illinois.  The Generational Equity Chicago team can be reached by phone, 847-330-4428, or by e-mail to jkorreck@genwealthequity.com.
Korreck comes to Generational Equity with more than 25 years of experience in the M&A and financial services industries.  Most recently, he served as vice president at one of the nation’s leading Wall Street middle-market M&A firms, where he assisted clients in a variety of industries and successfully closed more than 20 mergers, acquisitions and divestiture transactions.  Through former positions at “Big Four” CPA and regional consulting firms, he gained extensive consulting and acquisitions experience in areas such as business valuation, litigation support, financial and operational due diligence, financial analysis, strategic planning and post-acquisition implementation strategies.
Korreck received his M.B.A. from the University of Detroit and is licensed as a CPA in Illinois.  He is also a licensed Series 7 and 63 Registered Securities Representative and holds real estate broker licenses in ten states.  He is an active member of the Illinois CPA Society, the American Institute of Certified Public Accountants and the International Business Brokers Association, and currently serves on the board of directors for the Midwest Business Brokers & Intermediaries Association.  He is also a past president of the Northern Illinois Commercial Association of Realtors.
Generational Equity is a global investment banking firm assisting middle market clients in mergers, acquisitions, divestitures and strategic growth. The firm’s mission is to release the generational equity that is in every business. After nearly 20 years of growth, Generational Equity has more than 300 professional advisors located in offices worldwide, including its Dallas, Texas, headquarters and other locations across the United States, as well as international offices in the following cities: London, United Kingdom Toronto, Canada and Zurich, Switzerland. For more information, contact Generational Equity’s Dallas headquarters by calling (877) 213-1792 or via e-mail to info-us@genwealthequity.com.