The new owner was looking to invest in a Florida business and appreciated the company's U.S.-based manufacturing operation and growing client base. Ms. Boykin will continue her involvement with the company as an adviser and owner of the factory building.
Generational Equity Managing Director Julie Sandoval and her team, headed by trusted affiliate Richard Estrin, and Vice President Mark Breheny, led the deal to a successful close.
"We feel very fortunate to work closely with Julie and Mark on this successful transaction," Mr. Estrin said. "We were also lucky to have a wonderful client like Lynne Boykin to work for, and we are very pleased we found a highly qualified buyer for the business that she had run so successfully by herself for years."
About Generational Equity
Generational Equity, part of the Generational Group headquartered in Dallas with over 200 professionals located throughout North America, helps business owners release the wealth of their business by providing merger, acquisition and strategic growth advisory services. Their four-step approach features exit planning education, business valuation, value enhancement strategies, and M&A transactional services. The M&A Advisor recently named the company its 2016 Investment Banking Firm of the Year. For more, visit www.genequityco.com and the Generational Equity press room.
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SOURCE Generational Equity