DALLAS – Feb. 20, 2008 – Generational Equity, an advisor to privately held and family-owned businesses for mergers, acquisitions, and strategic growth initiatives, announced the sale of its client CETCON Incorporated, an Ohio-based engineering firm specializing in technology-related engineering projects, to Beacon Enterprise Solutions Group, Inc., a technology and telecommunications provider headquartered in Louisville, Ky.
“This transaction resulted in a strategic fit that will facilitate the growth and success of the businesses in the future,” said Doug Smith, Generational Equity managing director in the transaction.
Headquartered in Cincinnati, Ohio, CETCON, Inc. designs and implements communications systems for high-profile companies around the world. Beacon Solutions is a leading provider of technology and telecommunications services, providing support from software development and infrastructure design to interconnect voice/data and systems integration.
“The acquisition of CETCON adds a very important element in delivering complete solutions to our clients. Their engineering expertise and solid reputation in the industry were keys factors in our decision,” said Bruce Widener, chairman and CEO of Beacon Enterprise Solutions Group, Inc. “We are confident that this new relationship will prove successful for all parties.”
“We built our business from the ground up so it was important that we find the right buyer who would continue with parallel business objectives,” said Ken Kerr of CETCON. “Beacon presented us with a great opportunity and we feel CETCON will be a perfect addition to their portfolio.”
About Generational Equity
Generational Equity, assists privately held and family-owned businesses in completing mergers, acquisitions, divestitures and strategic growth initiatives. Generational Equity has more than three hundred professional advisors 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@genwealthequity.com, or visit www. genwealthequity.com.
About Beacon Enterprise Solutions Group, Inc.
Headquartered in Louisville, Ky., Beacon Solutions was formed by the merger of four independently successful companies in the IT and telecom service sectors. These organizations came together to create a unique, fully integrated, single source IT/telecom company. Today, Beacon Solutions is a leading provider of technology and telecommunications services, from software development and infrastructure design to interconnect voice/data and systems integration. |