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.
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SOURCE Generational Capital, LLC