Business Acquisition Press Release
Release Date: 05/08/08 -- Generational Equity Announces Sale of Accu-Tech Plastics Inc. to a Private Investor - DALLAS, TX -- (Marketwire) -- CONTACT: Erica Studl, Edelman Erica.Studl@Edelman.com
Generational Equity Announces Sale of Accu-Tech Plastics Inc. to a Private Investor
Business Aquisition Firm, Generational Equity sells Mississippi company to private investor looking to use his experience in plastics to expand a company.
Generational Equity, an advisor to privately held and family-owned businesses for mergers, acquisitions, and strategic growth initiatives, announced the sale of its client Accu-Tech Plastics Inc., a Batesville, Miss.-based manufacturer and provider or plastics and plastic injection molding, to a private investor in West Point, Miss. The value of the transaction was not disclosed.
For more than 20 years, Accu-Tech has provided quality plastic-injected molded parts to clients and assisted in implementing production ideas throughout the manufacturing process. The company retained Generational Equity for valuation and advising services on the sale.
“After 20 years in the area, it was very important for Accu-Tech to find a buyer who was interested in growing the business in Batesville,” said Don Sawyer, Generational Equity managing director on the deal. “Our team worked diligently to find the best buyer for the company.”
Acquisition Firm Finds Private Investor
After marketing Accu-Tech to a large pool of potential buyers, Generational Equity obtained the offer from a private investor looking to use his experience in the plastics industry to expand a company. “Generational Equity helped us identify a buyer with a strong background in the plastics industry who could continue the company in Mississippi and benefit from the business we already established,” said Bill Byer, owner of Accu-Tech Plastics. “The sale also allows us to begin a new chapter in our lives.”
The buyer used personal funding to finance the deal. “Accu-Tech is a good place for me to use my experience in the industry to build a plastics company of my own,” said the private investor. “I view Accu-Tech as a solid investment with a lot of potential to build on my background and knowledge.”
Accu-Tech Plastics Inc.
Accu-Tech, a privately held corporation, was founded more than 20 years ago to do more than meet customer needs for quality plastic injection molded parts. Accu-Tech offers assistance with part design, resin selection, project development and production. It is headquartered in Batesville, Miss. For more information, visit www.accu-techplastics.com.
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 info-us@genequityco.com, or visit www.genequityco.com. ###