DALLAS, Aug. 31, 2016
/PRNewswire/ -- Generational Capital Markets, Inc., member
FINRA/SIPC, ("GCM") an advisor to privately-held businesses for
mergers & acquisitions, is pleased to announce the acquisition
of its client, Concut, Inc. ("Concut"), headquartered in
Kent, Washington, by Dixie Diamond
Manufacturing, Inc. ("Dixie
Diamond"), headquartered in Lilburn, Georgia. The
acquisition closed on June 30,
2016.
Concut is a manufacturer and distributor of high-quality diamond
cutting tools serving local, regional, national, and international
customers in a variety of industries. The company offers an
extensive range of diamond blades and core bits, as well as a
complete line of equipment for the cutting of concrete, masonry,
stone/tile, and other materials. The company offers its products
under three separate product lines: Concut, Inc., Wolverine
Equipment, and Rockstar Diamond. Concut, the largest product line,
manufactures and distributes diamond tools and equipment. The
Wolverine division manufactures hydraulic power packs, hydraulic
hand saws, and circle loop saws. Lastly, Rockstar is Concut's stone
tooling division. Rockstar is a line of diamond tools targeted
toward stone fabricators. To learn more, visit
www.concutusa.com
Managing Director John Poythress
and Vice President Don Ho were the
GCM M&A advisors for Concut on the transaction. "It was a
great honor and privilege for our firm to represent Concut in this
transaction. The principals have done a wonderful job of growing
the business; and this transaction will allow the combined entity
the ability to synergistically expand their product and service
offering in order to better serve their customers," said
John Poythress.
Don Ho added, "With this
acquisition, the combined entity of Dixie Diamond-Concut Group is
now the largest American-owned diamond tool manufacturer in
North America. With manufacturing
plants now in the East and West Coast, the company will be able to
improve production, delivery, and product availability to their
combined customer base. Additionally, Dixie Diamond-Concut Group is
supported by Mangrove Equity Partners, which will assist with new
business initiatives and M&A activities in order to make the
combined company a more pronounced leader in their markets."
Dixie Diamond has been a
manufacturer of high-performance diamond tools for more than 40
years using the most advanced production techniques and equipment
along with the highest quality materials. Consistency is the key to
Dixie Diamond's success and
something seen in both staff and products. Most of the staff
members have been with Dixie Diamond
for 15 years on average, giving the company one of the most
experienced workforces in the industry. This level of experience
ensures that the company's diamond tools are properly made with
time-tested techniques. To learn more, visit
www.dixiediamond.com.
About Generational Capital, LLC
Generational Capital, LLC is a Dallas,
TX 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 affiliated with Generational Equity, LLC. Generational
Equity's website is www.genequityco.com and its online
newsroom can be found at www.gecpress.com or
http://blog.genequityco.com. Generational Equity was recently
recognized by the M&A Advisor as the Valuation Firm of the
Year. Additionally, John Poythress,
Don Ho, and the firm received the
M&A Advisor Deal of the Year Award in the $50 - $100 million
category in 2012 and M&A Advisor Deal of the Year Award in the
$10 - $25 million category in 2014.
For more information:
Carl Doerksen
972-232-1125
cdoerksen@genequityco.com
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/generational-capital-markets-announces-the-acquisition-of-concut-inc-by-dixie-diamond-manufacturing-inc-300320566.html
SOURCE Generational Capital, LLC