DALLAS--(BUSINESS WIRE)--Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, Wood Air Conditioning, Inc. to Midway Mechanical Services, a member of The Midway Companies’ family of companies. The acquisition closed October 12, 2021.
Located in Mount Pleasant, Texas, Wood Air Conditioning (WAC) began in 1957, serving a 4-county area. The Company has grown into one of the largest HVAC companies in East Texas. The Company provides residential and commercial air conditioning installation and service to primarily the Mount Pleasant and Titus County area of Texas. The Company has also completed projects in several other states as well.
Midway Mechanical Services (MMS), located in Draper, Utah, is a leading commercial HVAC and Refrigeration company that is expanding rapidly throughout the Western United States. The company provides maintenance, repair, installation, and construction services with primary focus on HVAC, Refrigeration, and Hot Side. MMS is a growing family of some of the best and most respected commercial HVACR companies in the west.
The Midway Companies (TMC), located in Midway, Utah, is a family of companies, built and run by like-minded entrepreneurs and operators, and backed by long-term minded, flexible, and patient partners. The Midway Companies care deeply about your business, legacy, and employees, and they want to build for decades. TMC puts stakeholders, especially management, first. They love businesses that are enduring and have sustainable value. Their goal is for you and your business to find your forever home within The Midway Companies.
Generational Equity Executive Managing Director, M&A-Technology Practice Leader, David Fergusson, and his team led by Senior M&A Advisor, Gene Gall, with the support of Managing Director, M&A, Alex Mironov, successfully closed the deal.
“We were determined to find our client a solid fit. There were a lot of moving parts, communication was key, and it was exciting to see the pieces fall into place,” said Gall.
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 more than 250 professionals located throughout 16 offices in 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 2020 Valuation Firm of the Year. For more information, visit https://www.genequityco.com/ or the Generational Equity press room.