By Generational EquityMar 3, 2020, 07:00 et
Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, Direct Millwork, LLC, to Builders’ General Supply. The acquisition closed February 19, 2020 and details were not disclosed.
Located in Washington, New Jersey, Direct Millwork, LLC (DM) is a building material supplier specializing in interior and exterior millwork products. The Company supports its product offering with in-house assembly and light manufacturing capabilities, as well as onsite take-off and project management experience.
Builders’ General Supply (BGS), located in Little Silver, New Jersey, is a building material supply company. Builders’ General was incorporated in 1931 with its first location in Cranford, New Jersey. The Company now has seven locations throughout the state of New Jersey and employs over 140 people.
BGS’ President, Philip Shaheen, commented “This opportunity is a definite ‘win-win’ for both DM and BGS and offers significant growth opportunities. DM’s millwork and door shop operations will compliment BGS’ millwork and door shop operations in its Freehold branch location, and also expand DM and BGS’ customer base and market, while also providing a broader offering of products to DM’s existing customers.”
DM’s products and services include interior doors, moulding, windows, exterior doors, hardware, and specialty products. DM’s primary delivery area is Central and Northern New Jersey, along with the Lehigh Valley in Pennsylvania and the entire northeast. BGS’ primary delivery area is Monmouth, Ocean, and Middlesex counties in New Jersey, along with some northern New Jersey locations and Staten Island in New York.
“DM brings excellent processes and an established, customer base. This acquisition gives us a unique opportunity to provide increased synergies within our company culture, while at the same time allows us both to continue to maintain strong relationships with our loyal customer base throughout New Jersey and surrounding areas,” added Shaheen.
“BGS is a highly regarded company in this region of the country. United by a common business culture, joining BGS makes perfect sense and will improve DM’s business growth opportunities and expand the products offered to our existing customers,” said Kevin Kuchova and Tom Snyder, Partners at DM.
Generational Equity Executive Managing Director of M&A – Eastern Region, David Fergusson’s team, led by Senior M&A Advisor Gene Gall, and supported by Vice President Cory Painter, successfully closed the deal. Senior Managing Director Thomas Hamm established the initial relationship with DM.
About Generational Equity
Generational Equity, Generational Capital Markets (member FINRA/SIPC), Generational Wealth Advisors, and DealForce are part of the Generational Group, which is headquartered in Dallas and is one of the leading M&A advisory firms in North America.
With over 250 professionals located throughout North America, the companies help business owners release the wealth of their business by providing merger, acquisition, and wealth management services. Their five-step approach features exit planning education, business valuation, value enhancement strategies, M&A transactional services, and wealth management.
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I wanted to take this opportunity to thank you for all that you have done for us. Not only did you take care of all the aspects of the sale but took extra care to make sure we knew what it looked like every step of the way. I will definitely recommend your company to anyone that is in a position to or looking to exit their business.Shane and Johanna Kline, Owners of Vision Upfitters
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We had the pleasure of working with Mr. Ahmad Behjati Managing Director, M&A, for Generational Equity during our acquisition of Papa's Dodge in late 2021. Generational Equity and Mr. Behjati represented and marketed Papa’s Dodge. As our primary contact, Mr. Behjati was professional in every facet of this acquisition process, conveying valuable advice most times and assisting us in every step of the process.Rick Greene of Dobbs Equity Partners LLC
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T.D., thank you so much! You are a great leader! I love how you are using your gifts and talents to better others. You are clearly a GREAT COACH! This 3 day session undoubtedly changed the future of our business, and very well may have been the sole catalyst to save my company, my health and my marriage! A genuine “thank you” from the bottom of my heart.Bryan D. Horn, Owner, Over Under Clothing
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I decided to attend the conference and hopefully receive some guidance on how to structure an exit plan of my business. Upon arriving at the conference, I was so impressed with the presentation given by Generational Equity that I set a future appointment that week to discuss the possibility of selling my business with their Senior Managing Director David Robinson.JoAnn Ellis, Owner of Fondren 5 Star Kennels
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The professionals at Generational Equity then helped develop a roadmap for enhancing the value of the firm and an evaluation report. This was completed by June 14, 2021. We then developed the Confidential Information Memorandum and put Taylor Studios, Inc. on the market by July.Betty L. Brennan, President, Taylor Studios
Generational Equity’s professional staff helped me every step of the way. Their network and professionals are the only reason I sold my company this quickly. For me this is a once in a lifetime sale and I was unfamiliar with the process. I was able to lean on them with questions and concerns.
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