DALLAS--(BUSINESS WIRE)--Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, Highways & Skyways of NC, Inc. to Givens Transportation, Inc. The acquisition closed August 1, 2023.
Highways & Skyways of NC (H&S) located in Greensboro, North Carolina is a full-service logistics management company. The Company’s business was created to help a business get dependable, excellent shipping from the loading dock to the customer site. H&S has experience in logistics, warehousing, and freight carrier management which allows them to be an extension of a client’s company.
With expertise in LTL, Truckload, Air, Ocean, and expedited freight, combined with warehousing and brokerage services, H&S has established itself as a key provider of transportation logistics throughout the U.S. Their Greensboro terminal is strategically located along the I-85/I-40 corridor allowing them to hold a tremendous geographic advantage for companies looking to quickly distribute their domestic and imported goods. Nearly 99% of the nation can be serviced within two days from H&S locations by ground.
Founded in 1957 and located in Chesapeake, Virginia, Givens Transportation, Inc. (Givens) is a family-owned and operated logistics provider offering customers a single source solution for warehousing and distribution, transportation, packing and crating, and air freight services. Givens’ operations are housed in over 2 million square feet of state-of-the-art warehouse space located at distribution centers near Norfolk, VA; Savannah, GA; Seattle, WA; and Reno, NV.
Generational Equity Executive Managing Director, M&A-Technology Practice Leader, David Fergusson, and his team led by Sr. Managing Director, M&A, Jack Sluiter, with the support of Senior Vice President, M&A, Tristan Keeffe successfully closed the deal. Senior Managing Director, Terry Stidham established the initial relationship with H&S.
“This is genuinely a case where two incredible teams are joining forces to build an even greater team,” said Sluiter. “It was a pleasure working with both of them to get this deal done.”
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 350 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. The Generational suite of advisory services includes strategic and tactical growth consulting, exit planning education, business valuation, value enhancement strategies, M&A services, wealth management and digital services.
The M&A Advisor named Generational Equity Investment Banking Firm of the Year three years in a row, Valuation Firm of the Year in 2020, and North American Investment Bank of the Year in 2022 as well as Consulting Firm of the Year. The Global M&A Network named Generational USA Investment Bank of the Year in 2023. For more information visit https://www.genequityco.com/ or the Generational Equity press room.