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Press releases > Generational Equity Advises Michigan Instruments in Sale to Grand Ridge Holdings Affiliate

Generational Equity Advises Michigan Instruments in Sale to Grand Ridge Holdings Affiliate

By Generational Equity

Aug 21, 2018, 06:00 et
Michigan Instruments

Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, Michigan Instruments, to an affiliate of Grand Ridge Holdings. The acquisition closed May 9, 2018.

Michigan Instruments is a pioneer in the respiratory care and emergency medical industries, developing one of the world's first commercial mechanical CPR devices. Besides oxygen-powered CPR machines, the company also develops and sells test lungs that are used to calibrate ventilators and train ventilator operators.

Additionally, it has a contract manufacturing division that delivers dependable, high-standard medical equipment. The business is based in Grand Rapids, Michigan.

The Grand Ridge Holdings affiliate is run by an ex-executive of a major holding company in the Grand Rapids area that was searching for a business in the region in which to invest and grow. Grand Ridge seeks Michigan-based companies in the manufacturing, value-added distribution or business-to-business services sectors.

Generational Equity Senior Managing Director Doug Smith's team, led by trusted affiliate Steve Dinehart with support from Senior VP Ryan Johnson, successfully closed the deal. Senior Managing Director Brian Hendershot established the initial relationship with Michigan Instruments.

"The sale is a great transition for a company with 50 years of history in Grand Rapids," said Dinehart.

"Michigan Instruments and its employees will continue to be an asset to the Grand Rapids business community while new ownership leads innovation into the next 50 years."

About Generational Equity

Generational EquityDealForce, and Generational Capital Markets, member FINRA/SIPC, 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 strategic growth advisory services.

Their four-step approach features exit planning education, business valuation, value enhancement strategies, and M&A transactional services.

The M&A Advisor named the company the 2016 and 2017 Investment Banking Firm of the Year. For more, visit the https://www.genequityco.com/ or the Generational Equity press room.

I am pleased that I was able to work with Andrew Byrd throughout this experience. From the first meeting we had in Minneapolis I felt that I was in good hands. His knowledge and expertise is second to none. He guided the process consistently throughout. I feel lucky that I was pared with Andrew and could not be happier that I chose Generational Equity to handle this major life event. Thank you Andrew and GenEq for everything!
Eric Erlandson, Owner, Action Fastenings, Inc.
Generational Equity educated and informed us – so that we could be on the upside of a good decision (to sell).
Bil MacLeslie, CEO, ipHouse
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Rick Nowak, President/CEO, Kurz Electric Solutions, Inc.
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Andy Graham, Vice President, Modern Heating & Plumbing
Thank you again for all your guidance and support. Any company will achieve what they intend, if they have you on their team!
Rick Nowak, President/CEO, Kurz Electric Solutions, Inc.
I wanted to write you a quick letter to express our appreciation and our delight on the outcome of helping us through the process of our recent sale. We are very happy with the end result, and are very happy to be able to move forward with all of our future growth plans.
Terry D. Wickman, President, Keytroller
We knew it would be a difficult task to have someone really understand our business and our market, prior to researching a possible buyer, so it was imperative that we found someone of your caliber, with definite proven experience in this area.
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The help you provided us during each step of this process made us feel very comfortable and confident we were selecting the right approach to transition our Company.
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Bil MacLeslie, CEO, ipHouse
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Bil MacLeslie, CEO, ipHouse
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Michael J Polarek, President, Paragon Packaging
Dear Chris and Andre, I just wanted to say thanks for all your help. Even though this process was not an easy one, it was comforting to know that I had a capable team standing beside me. You made me feel like we were almost your only client or at least the most important one. Thanks again, and I will recommend your service in the future.
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The process was much more involved than I expected and your help, experience and advice was a big factor in making the negotiations go as smoothly as possible.
Terry D. Wickman, President, Keytroller
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Robert Evans, President and CEO of Mealtracker Dietary Software
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Karen S. Williams, CFO, BW Manufacturing
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Jay Dinnison, Owner of Sharpe Mixers
We thank you Eric and Generational Equity making our dream come true.
Larry Moore, Owner, A Company Portable Restrooms