DALLAS--(BUSINESS WIRE)--Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, Compressed Air Technologies, Inc. to Lane Industrial Supply Company. The acquisition closed September 6, 2019 and details were not disclosed.
Compressed Air Technologies sells and services air compressors for commercial and industrial businesses. The Company is a certified Kaeser distributor located in Monroe, Ohio providing service, sales and rentals across Ohio, Kentucky, and Indiana. Kaeser is one of the most highly respected compressor manufacturers in the world.
Lane Industrial Supply Company is wholesale distributor of general manufacturing, industrial, millwork and construction supplies and is located in Denver, Colorado. With over 60 years of industry experience, Lane Supply Company is a customer-driven company, specializing in the wholesale distribution of trusted supply brands for a wide range of industries.
Generational Equity Executive Managing Director of M&A - Central Region, Michael Goss and his team, led by Managing Director Jerry Yocum with support from Managing Director Ryan Johnson, successfully closed the deal. Senior Managing Director Rick Buchoz established the initial relationship with Compressed Air.
“The buyer and seller were both very committed and actively working to complete this transaction in a timely and friendly manner. They were able to close it very smoothly,” said Jerry Yocum. “It was a pleasure to work with both of them.”
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.