DALLAS – Dec. 17, 2007 – Generational Equity, an advisor to closely held and family-owned businesses for mergers, acquisitions, and strategic growth initiatives, announced the sale of its client South Texas Cellular Inc., a Houston-based cellular tower maintenance company, to Capstar Wireless Services, Inc., a provider of cellular tower design and construction headquartered in San Marcos, Texas. The value of the transaction was not disclosed.
“This sale delivered the best possible opportunity for South Texas Cellular,” said Terry Mackin, Generational Equity’s lead managing director for the transaction. “Our client’s goal was to free his assets yet remain part of the company’s management following the acquisition. After marketing South Texas Cellular to a variety of prospective buyers, we identified a strategic buyer who could build on South Texas Cellular’s success and make the ideal offer for our client.”
South Texas Cellular is a full-service cellular tower maintenance and infrastructure solutions company, which maintains more than 600 cellular towers for Verizon Wireless, AT&T and Crown Castle International. It provides these clients with tower construction and erection, electrical services, locks and fence maintenance, generator repair, weed control, and pesticide services. Capstar Wireless Services provides services to wireless network operators including cellular tower design and construction, site preparation and maintenance.
In 2005 South Texas Cellular retained Generational Equity to provide business valuation and exit planning services, and in 2006 Generational Equity brought the company to market. Generational Equity assisted in identifying a buyer, securing a competitive offer and negotiating the transaction on behalf of South Texas Cellular.
About Generational Equity
Generational Equity, a Generational Equity company, assists closely held and family-owned businesses in completing mergers, acquisitions, divestitures and strategic growth initiatives. 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, California. For more information, contact Generational Equity at (877) 213-1792 or info-us@gwequity.com, or visit www.generationalwealthandequity.com.
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