DALLAS, June 27, 2017 /PRNewswire/ -- Generational
Capital Markets, Inc., Member FINRA/SIPC, a leading mergers and
acquisitions advisor for privately held businesses, is pleased to
announce the sale of its client, CEC Controls Company Inc., to Wood
Group. The acquisition closed May 23,
2017.
CEC Controls is a designer and builder of industrial &
process control systems primarily in the automotive manufacturing
industry. The company is based in Warren,
Michigan, near Detroit.
Founded in 1966, CEC has 12 offices in North American and one in
Romania, employing more than 220
people. Its clients include Ford, GM, Fiat-Chrysler and many Tier 1
manufacturers.
Wood Group, based in Aberdeen,
Scotland, is an international energy services company
operating in more than 40 countries. The group designs, modifies,
constructs and operates industrial facilities mainly for the oil
& gas sector. Other services include a wide range of specialist
technical solutions such as subsea, automation and integrity
solutions. Through the acquisition, Wood Group's automation and
control division will be able to expand into the Midwest U.S. and
develop relationships with the American original equipment
manufacturers.
Generational Equity's Senior Managing Director Randy Kamin
established the relationship with CEC Controls, and Generational
Capital Markets Managing Director Phil Pizzurro, with support
from GCM VP Mark Galovic, successfully closed the deal.
"The management team at CEC has done an outstanding job of
growing and building a successful business and WG is the perfect
partner from both a cultural and strategic perspective. This
partnership will help CEC accelerate its international expansion
efforts. We are proud to have played a role in this success story,"
said Pizzurro.
About Generational Capital, LLC
Generational Capital, LLC is
a Dallas, Texas-based merger & acquisition advisory
firm. Generational Capital wholly owns Generational Capital
Markets, Inc., Member FINRA/SIPC. More information can be found
at www.gencm.com. Generational Capital and Generational
Capital Markets are part of the Generational Group and
are affiliated with Generational Equity, LLC. Generational Equity's
website is www.genequityco.com and its online newsroom
is www.gecpress.com. GCM received The M&A Advisor's
2017 Private Equity Deal of the Year Award, 2016 Corporate and
Strategic Acquisition of the Year Award, as well as the 2016
Materials Deal of the Year for its work on the Stern Rubber Company
transaction. It has also been recognized for the 2016 M&A Deal
of the Year (for deals valued $10mm - $25mm) for the acquisition of
Pro Trans Logistics Inc. by Action Resources.
For more information:
Carl
Doerksen
972-232-1125
cdoerksen@generational.com
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SOURCE Generational Capital Markets, Inc.