Generational Equity, an advisor to closely held and family-owned businesses for mergers, acquisitions, and strategic growth initiatives, announced the sale of its client Libations Wine & Spirits, a high-end liquor store in the Denver metropolitan area, to John A. Hunter Management Corp. The value of the transaction was not disclosed.
After attending a seminar in October 2006, the owner of Libations retained Generational Equity to bring the store to market. Generational Equity worked on valuating the company and advised both sides during the deal’s closing. “Our staff remained focused on getting the seller the best deal we could,” said David Lewis, Generational Equity managing director on the deal. “Both parties worked together to come to an agreement that would suit them well.” “We are pleased to begin a new business endeavor with the purchase of the Libations store,” said April Carvatt of John A. Hunter Management Corp.
With its purchase, the group is entering into the wine and beverage industry. “With Generational Equity’s support, we have found a successful business that we can continue to grow.” The deal closed after nine months on the market. 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 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 email@example.com, or visit www.genequityco.com
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