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Press releases > Generational Equity Advises SPOON Exhibit Services on its Recapitalization and Partnership with ARC Industries

Generational Equity Advises SPOON Exhibit Services on its Recapitalization and Partnership with ARC Industries

By Generational Equity

Mar 13, 2020, 07:00 et

SPOON

Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the recapitalization of its client, SPOON Exhibit Services, Inc., and strategic partnership with ARC Industries. The acquisition closed February 28, 2020 and details were not disclosed.

SPOON Exhibit Services, Inc. (SPOON) is a full-service global tradeshow and event planning company offering 3D-marketing solutions, event management, exhibit design, fabrication, manufacturing, and rental services from its headquarters in Macedon, NY. The Company also has locations in Las Vegas, NV and Atlanta, GA. The business was originally owned by five shareholders; however, after the recapitalization, Herb Besaw will be the sole owner of SPOON.

Located in Charlotte, North Carolina, ARC Industries, Inc. (ARC) is a private equity firm with a diverse industry focus and twenty-one deal closings since 1999. Currently, ARC has platforms in the following industry niches: Manufacturers of trade show booths, environmental services, plastic extrusion and thermoforming, and architectural sign manufacturing.

Generational Equity Managing Director Don Ho was the dealmaker that successfully closed the transaction. “SPOON is a remarkable leader in the niche tradeshow and event planning sector. This recapitalization will better position SPOON for growth and success in the future. Further, the strategic partnership with ARC Industries will allow SPOON to capitalize on market opportunities through joint-venture add-on acquisitions,” said Don Ho.

Mr. Ho is a senior dealmaker in Executive Managing Director Michael Goss’ Transaction Group. Executive Managing Director Ed Weber established the initial relationship with SPOON and brought them on board as a client.

After the conclusion of the transaction, CEO and President of SPOON, Herb Besaw, said, “The past several years, and this transaction, have taught me a lot about persistence, perseverance, and patience. I am now, even after 40+ years in the industry, ready to take on this continued opportunity, to add acquisitions and to consolidate my efforts toward our planned phases of ultimate success.”

Besaw added, “I definitely could not have accomplished this transaction without Don Ho’s and Generational Equity’s support and consultation. Don’s countless hours, including many weekends and nights, along with his open communication and creative thinking were key in making this transaction a reality. I would not hesitate to refer my professional business colleagues to consider Generational Equity and specifically Don as an M&A advisor when their businesses require such services.”

Mr. Ho added, “This transaction had a unique set of legal challenges. We were fortunate to have the legal team lead by Blaine Statham, Partner, and Catherine Cope, Associate, advise us accordingly. Their tireless efforts, including nights and weekends with me, led to the successful completion of this transaction.”

About Generational Equity

Generational EquityGenerational 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.  

The M&A Advisor named the company the 2016, 2017, and 2018 Investment Banking Firm of the Year. For more information, visit https://www.genequityco.com/ or the Generational Equity press room.

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 must say that I have never worked with a more driven, competent and focused individual as Don Ho.
Jay Dinnison, Owner of Sharpe Mixers
We are extremely pleased with the way Generational Equity handled the sale of our company. Your associates, Tom and Chris, did an outstanding job of getting us (me) through the process.
Michael J Polarek, President, Paragon Packaging
I couldn’t have asked for a better team than Michael and Deborah. We couldn’t have done it without them.
Robert Evans, President and CEO of Mealtracker Dietary Software
Generational Equity’s assistance was invaluable in compiling and marketing our business.
Bil MacLeslie, CEO, ipHouse
I would like to thank you and your firm, Generational Equity, for being our valued advisors in our journey.
Bil MacLeslie, CEO, ipHouse
Generational Equity educated and informed us – so that we could be on the upside of a good decision (to sell).
Bil MacLeslie, CEO, ipHouse
Greetings Mike. Thank you for the captivating and compelling presentation you made at the Phoenix presentation last week. Over many years in business yours was the most informative and well-presented presentation, on any subject, that I have ever attended! Your energy and enthusiasm combined with your concise and captivating support of your positions with easily understood examples and data was compelling.
Pete L.
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 thank you Eric and Generational Equity making our dream come true.
Larry Moore, Owner, A Company Portable Restrooms
We will highly recommend Generational Equity and Musa Jagne to any business owner about to embark on the same process.
Karen S. Williams, CFO, BW Manufacturing
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.
Rick Nowak, President/CEO, Kurz Electric Solutions, Inc.
Thanks again Phil and feel free to have a future client call me if they would like a referral. You are a true professional!
Andy Graham, Vice President, Modern Heating & Plumbing
Michael worked tirelessly, He followed every lead meticulously and urgently to make sure nothing was missed.
Robert Evans, President and CEO of Mealtracker Dietary Software
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
Bruce and I wanted to take this opportunity to thank Generational Equity for assigning Musa Jagne to our transaction. In Bruce’s words, “Musa did one hell of a job for us!”
Karen S. Williams, CFO, BW Manufacturing
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
Tom Staszak is one of the most professional people I have dealt with in my last forty years of business. You’ve got a great group of people and you have built a truly professional organization.
Michael J Polarek, President, Paragon Packaging
Your wisdom and experience were invaluable to me during this once-in-a-lifetime transaction.
Ralph Noblin, President of Noblin & Associates
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
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.
Rick Nowak, President/CEO, Kurz Electric Solutions, Inc.
I quickly recognized that Don was working for Sharpe Mixers above all else, and held our interests above others.
Jay Dinnison, Owner of Sharpe Mixers