Generational Equity Announces Sale of Creasy & Whiteed, Inc. to Private Investors

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Thu Apr 30, 2009 5:52pm EDT

  DALLAS, TX, Apr 30 (MARKET WIRE) -- 
Generational Equity, an advisor to privately held and family-owned
businesses for mergers, acquisitions, and strategic growth initiatives,
announced the stock sale of its client Creasy & Whiteed, Inc., a
fabricator and installer of metal roofing and architectural sheet metal
products, based in Hampton, Va., to private investors in western Va. The
value of the transaction was not disclosed.

    With the acquisition, Creasy & Whiteed's new owners intend to expand the
company's geographic reach and build upon its solid reputation and
long-term customer base.

    "We felt that Creasy & Whiteed and the buyers' interests were a good
match," said Jim Russell, Generational Equity managing director in the
transaction. "The seller of the 75-year-old business felt comfortable that
the buyers had the motivation and understanding of the industry to be able
to succeed and the company and its current employees would be provided
for."

    Creasy & Whiteed entered the market in May 2007, following participation
in a Generational Equity seminar and the engagement of Generational
Equity's services including a business valuation and exit strategy
planning. Generational Equity helped the company identify a buyer who
understood the unique nature of the client's business, allowing the
business owner to transition to retirement.

    Generational Equity successfully participated in the negotiation and
structure a deal that included 90 percent cash at closing purchase price,
favorable capital gains tax treatment with the stock sale and a long term
property lease. "These factors made the deal very attractive to the
seller," Russell said. "We also worked closely with a regional community
bank to assist the buyers in obtaining a competitive loan in a very
difficult lending environment."

    The deal closed nine months after Creasy & Whiteed entered the market.

    About Generational Equity

    Generational Equity is one of the nation's leading middle-market mergers
and acquisitions companies, providing private business owners with the
information and expertise they require to exit their business
successfully. A unique, four-phase approach that includes education,
financial analysis and reporting, sales documentation and deal-making
ability combine to offer business owners an unparalleled level of
commitment and experience, all focused on helping to release the
generational equity and wealth in every business.

    Generational Equity has more than 300 professionals and affiliates
nationwide and is headquartered in Dallas, with affiliate offices in New
York, Chicago and Irvine, Calif. For more information, contact
Generational Equity at 877-213-1792 or info-us@genequityco.com, or visit
www.genequityco.com.

    About Creasy & Whiteed

    Creasy & Whiteed makes and installs metal roofing and architecture sheet
metal products. Based in Hampton, Va., the company has been a recognized
name in commercial roofing for more than 75 years.

    

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