DALLAS, Nov. 13, 2018 /PRNewswire/ -- Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, Barnes Brothers Inc., to an individual investor. The acquisition closed October 2, 2018.
Barnes Brothers operates three retail lumber and building supply stores in Arkansas called B&B Supply. With locations in Franklin, Highland and Pineville, the company sells hardware and home improvement products from paint to faucets and lumber – everything needed to construct and finish buildings.
Generational Equity Senior Managing Director Michael Goss's team, led by trusted affiliate Bill Evans with support from VP Corey Painter, successfully closed the deal. Senior Managing Director Terry Stidham established the initial relationship with Barnes Brothers.
"It was rewarding to be instrumental in producing a transaction with a win-win outcome. The sellers achieved their objectives of exiting the business into retirement, receiving a price that met their expectations, and leaving the business in capable hands to move it forward," stated Evans. "The buyer gained a thriving business to add to his portfolio and expanded his presence in the region. The commitment and cooperation of all parties was instrumental in making the transaction a success."
With over 250 professionals located throughout North America, the companies help 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.