DALLAS--(BUSINESS WIRE)--Generational Capital Markets, Member FINRA/SIPC and a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, Ponder Enterprises Inc. and Ponder Brothers LLC, to Phase Three Star LLC. The acquisition closed December 26, 2018.
Ponder Enterprises Inc. and Ponder Brothers LLC, headquartered in a Donaldsonville, Georgia, operate 38 Hardee’s restaurant locations throughout Georgia, northern Florida and Alabama. Brothers Dan and Ernest Ponder founded the company in 1983 and each had 25 years of franchise restaurant business experience.
The buyer, Phase Three Star LLC, is the largest Hardee’s franchisee in Florida. Based in Tampa, Phase Three is also a Wingstop franchisee.
Generational Capital Markets Managing Director Chris Heckert, with support from VP Julio Dominguez, successfully closed the deal. Generational Equity Senior Managing Director Joe Van Voorhis established the initial relationship with Ponder.
“This was an exciting acquisition to be a part of,” said Heckert. “Both groups were well-known leaders in the QSR space and the combination will make for a significant player in the industry and region.”
About Generational Capital, LLC
Generational Capital, LLC, is a Dallas, Texas-based merger and acquisition advisory firm. Generational Capital wholly owns Generational Capital Markets, Inc., Member FINRA/SIPC. More information can be found at www.gencm.com.
Generational Capital and Generational Capital Markets are part of the Generational Group and are affiliated with Generational Equity, LLC, which The M&A Advisor named Investment Banking Firm of the Year in 2016, 2017, and 2018.
GCM's most recent awards include The M&A Advisor's 2018 International Deal of the Year Awards in the professional services, corporate/strategic and private equity categories.