DALLAS--(BUSINESS WIRE)--Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client Nick Mavro & Associates, LLC (Mavro) to a Private Investor. The acquisition closed November 5, 2021.
Founded in 2010, Mavro is a wholesaler of food service equipment to retail dealers located in Carrollton, Texas. The Company is highly regarded in the industry and has outstanding relationships with its customers and has an estimated 80% rate of repeat business. The Company serves retail dealers as well as end users. The primary geographic market is Texas and Oklahoma with other markets in Alabama, New Mexico, and Arkansas.
Generational Equity Executive Managing Director of M&A – Central Region, Michael Goss, and his team lead by Senior M&A Advisor, Cory Strickland, with support from Vice President, M&A, Jacob Mangalath successfully closed the deal. Senior Managing Director Joe Van Voorhis established the initial relationship with Mavro.
Strickland stated, “Nick Mavro & Associates is one of the best run companies I have been privileged to work with. Founded by Nick who has the business in his blood, having grown up in his father’s food service equipment distribution business in South Africa.”
Strickland continued, “From the day I met Nick, he told me that his dream was to retire by the time he was 65. We happened to close on Nick’s 65th birthday. I wish Nick a happy retirement and the best of luck to the buyer who I know will carry forward Nick’s legacy.”
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 Valuation Firm of the Year in 2020. For more information, visit https://www.genequityco.com/ or the Generational Equity press room.