Generational Equity Announces the Acquisition of Caneyville Milling Company, Inc. by B&D Feed & Seed, LLC |
|
By: genequityco.com Posted: 2011-10-22 23:34:11 |
|
DALLAS, Oct. 20, 2011 -- Generational Equity, a leading mergers and acquisition advisor for privately held and family-owned businesses, is pleased to announce the sale of its client, Caneyville Milling Company, Inc., headquartered in Caneyville, Kentucky, to B&D Feed & Seed, LLC, headquartered in Westfield, Indiana. The transaction closed on July 29, 2011.
Caneyville Milling Company, Inc. (CMC) was founded in 1962, and was acquired by Hank Gibson in February 2009, from a member of the founding family. The Company is a leading provider of large volumes of bulk and bag feed mixed at the mill, in addition to a fully-stocked inventory of farm and feed supply items. CMC's growth and success have been driven by the Company's outstanding reputation for providing high-quality feed and farm supplies, delivery capabilities, and strong commitment to customer support. Managing Director, Doug Smith and Vice President, Michael Goss, led the Generational Equity deal team that advised Caneyville Milling Company on the transaction. "This transaction satisfied Hank's desire to exit his investment in a timely manner at a valuation and terms perfectly amicable to both parties. It also provides the buyer with a solid cash-flow business that should benefit further by the synergies their organization will bring to the table," said Michael Goss. B&D Feed & Seed, LLC is a holding company created for this transaction by Bill Haubner and Dennis Tauchen, the owners of Direct Enterprises, Inc., also headquartered in Westfield, Indiana, which specializes in the sale of sweet corn, alfalfa, seed enhancements, and other agricultural related products and commodities. About Generational Equity Generational Equity provides mergers, acquisitions, strategic growth advisory services, and information for privately held and family-owned businesses to exit their business successfully. Generational Equity uses a four-phase approach that includes education, financial analysis and reporting, sales documentation and deal-making ability 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 is headquartered in Dallas, TX, and has more than 200 professionals. |
| Trackback url: https://press.abc-directory.com/press/7473 |