Generational Equity, a leading mergers and acquisitions advisor for privately-held, middle-market businesses, is pleased to announce the acquisition of its client, Dakota Foundry Inc., headquartered in Webster, South Dakota, by Anderson Industries, LLC, headquartered in Mapleton, ND. The acquisition closed on September 2, 2014.
Dakota Foundry Inc. is a manufacturer of gray and ductile iron castings, located in Webster South Dakota. With over 200 years of combined experience amongst management and employees, Dakota Foundry is renowned for consistently providing customers with high quality products at competitive prices with the fastest turnaround in the country. To learn more, visit www.dakotafoundry.com.
Managing Director Stephen Crisham and his team, including affiliate David Lewis and Vice President Mike Meredith, led the Generational Equity deal team that advised Dakota Foundry on the transaction. "The sale of Dakota Foundry was a momentous step for the company," stated David Lewis. "The founding shareholders were able to get a good return on their investment and hard work and set the company on a path for tremendous growth going forward."
Anderson Industries is a full-service metal fabrication and machining company. As an expert in the foundry and iron casting industry, Anderson Industries' diversified manufacturing knowledge base allows them to work with various customers and provide solutions in welding, fabrication, machining, and iron casting. To learn more, visit www.anderson-industries.com.
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