DALLAS, Feb. 14, 2018 /PRNewswire/ -- Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the acquisition of its client, Installation & Service Technologies Inc., by Skinny IT Corp. The transaction closed January 2, 2018.
Installation & Service Technologies, based in Kansas City, Missouri, is a single-source solution provider for on-site technology service and repairs, which enhances its ability to deliver on-site deployments for clients nationwide.
"IST has earned a distinct client rapport of continuous improvement and trustworthiness through the entirety of a project's journey," said IST owner Jacob Horwitz. "We feel this acknowledgement, as well as our service capabilities, will only be enhanced as we transition into the Skinny IT brand and company."
Skinny IT is a Frisco-Texas-based information technology (IT) service provider. The acquisition enhances Skinny IT's ability to reach clients with tailored, on-site services, including surveys, project management, staging and kitting, installations, service contracts and depot repair.
"We emphasize the importance of superior on-site service, ensuring clients that quality will be consistent with each interaction, and IST's mission fits well within these high standards," said Skinny IT CEO Sam Darwish. "IST is known for its complete life cycle coverage with innovative and responsive field support across multiple industries nationwide. We are confident this acquisition will be a smooth transition for clients and employees, and are looking forward to expanding into new verticals with the expertise IST brings."
Generational Equity Managing Director Terry Mackin successfully closed the deal, and Senior Managing Director Thomas Hamm established the initial relationship with IST.
"With every client, we strive to find the right fit no matter how long it takes," said Mackin. "In this case it took a bit longer, but I think we all believe that this fit makes sense and that IST will have a bright future as part of the Skinny IT family."
About Generational Equity
Generational Equity, DealForce, and Generational Capital Markets, member FINRA/SIPC, 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 strategic growth advisory services. Their four-step approach features exit planning education, business valuation, value enhancement strategies, and M&A transactional services.