Generational Group Advises Commercial Driver Services, Inc. in its Sale to TransTech, Inc.

DALLAS--(BUSINESS WIRE)--Generational Group, a leading mergers and acquisitions advisory firm for privately held businesses, is pleased to announce the sale of Commercial Driver Services, Inc. to TransTech, Inc. The acquisition closed March 19, 2025.

Located in Woodford, Virginia, Commercial Driver Services, Inc. has been a leading provider of professional Commercial Driver’s License (CDL) training. With training centers in Fredericksburg, Richmond, and Roanoke, the company offers comprehensive programs for Class A and Class B CDL certifications. Its curriculum combines classroom instruction with hands-on driving experience using late-model equipment with both automatic and manual transmissions. Committed to excellence, CDS employs experienced instructors who deliver safety-focused training, preparing students for successful careers in the trucking industry.

Based in Newton, North Carolina, TransTech, Inc. is a trusted name in Commercial Driver’s License (CDL) training, offering comprehensive Class A and Class B programs across North Carolina and Georgia. With multiple training locations, the company blends classroom lessons with live driving sessions to equip individuals for careers in the trucking industry. Dedicated to quality and safety, TransTech hires seasoned instructors and utilizes state-of-the-art equipment. Through partnerships with top carriers, the company ensures graduates have strong job opportunities upon certification.

Generational Group Executive Managing Director, M&A, Eastern Region – David Fergusson, and his team led by Generational Affiliate, Dan Bernstein, with the support of Managing Director, M&A, Corey Painter successfully closed the deal. Senior Managing Director, Thomas Hamm, and Senior M&A Advisor, Dr. Michael Lorence, established the initial relationship with Commercial Driver Services, Inc.

Ryan Binkley, CEO of Generational Group, added, “At Generational Group, we are proud to facilitate such impactful transactions.”

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.