By Capital MarketsMay 23, 2023, 14:15 et
Generational Capital Markets (GCM), Member FINRA/SIPC and a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client RSD Supply, Inc. to Field Industries. The deal closed on May 15, 2023.
Located in Houston, Texas, RSD Supply (RSD) is a stocking distributor of flanges, pipe, butt weld fittings, forged steel, valves, studs and gaskets and other miscellaneous items to the oilfield industry and industrial markets.
RSD is a respected name in the fabrication, manufacturing, construction and industrial supply business in the Gulf Coast area. With over 20 years in the Houston area, the Company has an established reputation for satisfying customers because they provide the best service with their products.
The RSD sales representatives are knowledgeable, and they can help a client find what they need even if they do not stock it. Many of RSD’s manufacturers also fabricate special flanges, fittings, and other items per client specifications.
Field Industries (Field), located in Houston, Texas, is a stocking distributor of steel and alloy pipe flanges, long weld necks, butt weld fittings, and forged fittings. Founded in 2011, their team has consistently grown and evolved to meet the changing needs in the petrochemical, refining, gas processing, power, manufacturing, construction, and industrial fabrication industries.
Field is differentiated in the market by offering fast, reliable, and 24/7 service. Their knowledgeable staff, strategic supply agreements, quality documentation controls, customized software, and in-house logistics are key to the Company’s success. In addition, Field provides quick, competitively priced, and simplified solutions tailored to each customer’s unique supply chain processes.
Field Industries’ mission is to honor God by improving quality of life for their employees, customers, and community. Field strives to uphold their mission by living out their values – to Care, Improve, Do, and Serve.
Generational Capital Markets’ Sr. Managing Director - M&A, Chris Heckert, with the support of Vice President M&A, Nydia Blanco, successfully closed the deal. Generational Equity’s Senior Managing Director James Carr established the initial relationship with RSD.
“I am very excited to see the results of this partnership. RSD has a long history and a fantastic reputation in the industry. Aligning with Field Industries resources and management will enable both teams to quickly scale and see incredible growth,” said Heckert.
About Generational Capital Markets, Inc.
Generational Capital Markets, Inc. is a member of FINRA/SIPC. More information can be found at https://www.gencm.com/.
Generational Capital Markets is part of the Generational Group and is affiliated with Generational Equity, LLC which The M&A Advisor named Investment Banking Firm of the Year in 2016, 2017, and 2018, Valuation Firm of the Year in 2020, North American Investment Bank of the Year in 2022 as well as Consulting Firm of the Year.
Generational Group’s most recent awards include The M&A Advisor's 2020 Information Technology Deal of the Year ($10MM-$25MM), 2020 Private Equity Deal of the Year ($25MM-$50MM) and 2022 Utilities Deal of the Year.
After attending a conference with GE, I decided that the value they bring would be worth the expense and as soon as I started working with them, I realized that was the right decision. When we started to get LOIs, Fred Zweifel took the lead on the communication and supported negotiations throughout the process, which got tricky as we moved forward. I learned that it can be common for companies to make a great offer then work to erode that price with their discoveries, but Fred and the GE team kept that from happening.Caroline Connelly, CEO, OptoTest
Your wisdom and experience were invaluable to me during this once-in-a-lifetime transaction.Ralph Noblin, President of Noblin & Associates
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
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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Through the sale process, Generational brought in several interested buyers and we closed in about 6 months. I am so glad I accepted that invitation to the conference and could not be happier with the whole process. The team at Generational coupled with their knowledge and guidance was so valuable that in the end, I know I could never have done this on my own!JoAnn Ellis, Owner of Fondren 5 Star Kennels
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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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.
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
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.
Thanks to you, the entire GE team and especially Michael Goss for driving a great valuation, coaching me and driving the process across the finish line. Please let me know if there is anything I can do to support GE going forward. P.S. Given my experience with GE I felt comfortable enough to sign up with Generation Wealth Advisors!Tom Currier, Former President & CEO, Rackmount Solutions
I need to say an immense thank you to Don Ho for his stellar work ethic, attention to detail, and tireless effort. Also thank you to the whole crew at GE! Without you, Don could not do such a phenomenal job. We were shooting for closing and funding before the end of 2020, due to the uncertainty of the political landscape and taxes. I am happy to report we closed last week and will be funding tomorrow.Dr. Caty J. Catron PhD, RN, VA-BC – Owner, Vic The Picc, LLC
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.Andy Graham, Vice President, Modern Heating & Plumbing
I must say that I have never worked with a more driven, competent and focused individual as Don Ho.Jay Dinnison, Owner of Sharpe Mixers
Generational Equity educated and informed us – so that we could be on the upside of a good decision (to sell).Bil MacLeslie, CEO, ipHouse
We were happy to see the interest in our company and what we cherished has not just a valuable company but an important company to the communities we served in.Larry Moore, Owner, A Company Portable Restrooms
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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