Generational Group Advises Mac & Bob’s in Its Sale to Larsen MacColl Partners

DALLAS--(BUSINESS WIRE)--Generational Group, a leading mergers and acquisitions advisory firm for privately held businesses, is pleased to announce the sale of Mac & Bob’s to Larsen MacColl Partners (LMP). The acquisition closed August 6, 2025.

Headquartered in Salem, Virginia, Mac & Bob's began in 1980 as a small 10-stool “Sub Pub” founded by Bob Rotanz and his friend “Mac.” Mac left in 1981 and Joe Dishaw became Bob’s partner for the next 44 years. In 1992, Anthony Reyes invested in the restaurant’s largest expansion, growing from 120 seats to 220, and became Bob and Joe’s silent partner. Over the years, Mac & Bob’s expanded into a full-service restaurant seating over 300 guests, with an outdoor courtyard and bar. The restaurant has become a beloved local gathering place, known for its signature calzones, classic American menu, and warm, community-focused atmosphere. Mac & Bob’s hosts a variety of events, from game nights to family celebrations, and has earned recognition as one of Virginia’s best restaurants and a top small business in the Roanoke region, reflecting its lasting impact on the community.

Larsen MacColl Partners is a private equity firm that invests in established lower middle-market companies across a variety of industries. The firm emphasizes partnerships with strong management teams and proven business models, working collaboratively to drive growth and operational improvements. Since its founding, Larsen MacColl has built a reputation for hands-on involvement and a commitment to creating long-term value through strategic collaboration. LMP joined forces with its long-time restaurant partner, Dave Magrogan, to complete the acquisition and to manage and grow the business.

Generational Group Executive Managing Director, M&A, Eastern Region – David Fergusson, and his team led by Generational Affiliates, Anthony Blair and Nick Arnheim, with the support of Vice President, M&A, Emil Nirkis successfully closed the deal. Senior M&A Advisor, Dr. Michael Lorence, established the initial relationship with Mac & Bob’s.

Ryan Binkley, CEO of Generational Group, stated, “This transaction reflects our dedication to fostering strategic partnerships that deliver long-term value, and we’re proud to have brought together two organizations that share a common vision and are well-positioned to move forward successfully.”

About Generational Group

Generational Group, headquartered in Dallas, TX, is a leading, award winning full-service M&A advisory firm. Generational has over 300 professionals across 16 offices in North America. The firm empowers business owners to unlock the full value of their companies through a comprehensive suite of services—including strategic growth consulting, exit planning education, business valuation, value enhancement strategies, M&A advisory, digital solutions, and wealth management.

Celebrating its 20^th year, Generational has successfully closed over 1,700 transactions and has ranked #1 or #2 in all LSEG league tables for deals valued between $25 million and $1 billion in 2022, 2023, and 2024.

The firm was named 2024 USA Investment Banking Firm of the Year by the Global M&A Network and recognized as Investment Banking Firm of the Year by The M&A Advisor in both 2024 and 2022.