DALLAS--(BUSINESS WIRE)--Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, Hiebing’s Refrigeration to Chicagoland Equipment & Supply (“CES”). The acquisition closed May 27, 2021.
Located in DeForest, Wisconsin, Hiebing’s Refrigeration, Inc. (Hiebing’s) was founded in 1984 and rents, sells, and services the highest quality commercial ice making equipment and refrigeration equipment, including Manitowoc, Koolaire, Scotsman, Ice-O-Matic, Hoshizaki, True, Nor-Lake, and Leer equipment. The Company is a factory certified service representative of Manitowoc, Scotsman, Hoshizaki, and Ice-O-Matic and an authorized service representative for True, Leer, Nor-Lake, and Turbo Air for commercial refrigeration equipment.
CES is a leading supplier of premium disposable packaging, supplies, equipment, and equipment related service primarily to the food retail and foodservice industries throughout Illinois and Wisconsin. CES was started with the vision to provide a one-stop shop solution to the food industry. Over the last twenty years, CES has built a business with the sole purpose of providing world class service to all customers with integrity and loyalty.
Generational Equity Executive Managing Director of M&A – Central Region, Michael Goss, and his team lead by Managing Director Mergers & Acquisitions, Stephen Dinehart, with support from Managing Director Mergers & Acquisition, Ryan Johnson, successfully closed the deal.
“CES and Hiebing’s are a great fit,” said Dinehart. “Hiebing’s is a well-established name in south-central Wisconsin’s hospitality industry and provides CES with further expansion into Wisconsin.”
About Generational Equity
Generational Equity, Generational Capital Markets (member FINRA/SIPC), Generational Wealth Advisors, Generational Consulting Group, 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 growth consulting, merger, acquisition, and wealth management services. Their six-step approach features strategic and tactical growth consulting, exit planning education, business valuation, value enhancement strategies, M&A transactional services, and wealth management.
The M&A Advisor named the company the 2017 and 2018 Investment Banking Firm of the Year and Valuation Firm of the Year in 2020. For more information, visit https://www.genequityco.com/ or the Generational Equity press room.