Pursuant Capital has acquired Tampa, Florida-based Patio Products Manufacturing, a maker of aluminum screen doors and accessories. No financial terms were disclosed. Generational Equity advised Patio on the deal.
DALLAS–(BUSINESS WIRE)–Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, Patio Products Manufacturing to Pursuant Capital. The acquisition closed June 14, 2019 and details were not disclosed.
Patio Products Manufacturing, located in Tampa, Florida, is among the largest manufacturers in durable, high quality aluminum screen doors and accessories. Established in 1991 by Larry Stephens and Lynda McClure, the company has continued to grow and successfully branch out covering 5 states in the southeastern region.
With more than 80 years of industry experience, the company’s focus has always been on high-quality aluminum building products, and their team of technically trained professionals allows them to assist our customers in their ability to complete projects of any scope and size successfully, efficiently, and on time.
Pursuant Capital, located in Tampa, Florida, is a privately-financed search fund in pursuit of profitable small businesses to buy and operate for the long term. They search for, acquire and operate profitable small businesses in West Central Florida. They work with business owners to transition their legacies to the next generation.
With their permanent private capital, they operate without artificial time constraints or pressures. They focus on long-term growth and operational improvements for the benefit of all stakeholders. They partner with entrepreneurs that they trust and with businesses that are a good “fit” for all parties.
Generational Equity Executive Managing Director Mergers & Acquisitions, David Fergusson and his team, led by Senior M&A Advisor Mario Dieckmann, with support from Vice President Mergers & Acquisitions Alex Mironov, successfully closed the deal. Executive Managing Director Edward Weber established the initial relationship with Patio Products.
“To find a suitable and qualified buyer for a business relying heavily on the construction industry is never easy,” said Mario Dieckmann. “However, an excellent match was found and both sides are very happy with the results.”
About Generational Equity
Generational Equity, Generational Capital Markets (member FINRA/SIPC), Generational Wealth Advisors, and DealForce are part of the Generational Group, which is headquartered in Dallas and is one of the leading M&A advisory firms in North America.
With over 250 professionals located throughout North America, the companies help business owners release the wealth of their business by providing merger, acquisition, and wealth management services. Their five-step approach features exit planning education, business valuation, value enhancement strategies, M&A transactional services, and wealth management.
The M&A Advisor named the company the 2016, 2017, and 2018 Investment Banking Firm of the Year. For more information, visit https://www.genequityco.com/ or the Generational Equity press room.