DALLAS, April 14, 2011 /PRNewswire/ -- Generational Equity, a leading advisor to privately-held and family-owned businesses for mergers and acquisitions, is pleased to announce the sale of its client, Neill Supply Company, Inc. to Long Island Pipe Supply, Inc. The deal team on the transaction, which closed on January 25, 2011, was led by Managing Directors Doug Smith, Gene Gall and Vice President, Michael Goss. "The acquisition made perfect sense to unite two of the leading distributors in the fire sprinkler/fire protection market," said Generational Equity Managing Director Gene Gall, who spearheaded the deal.
"This is exactly the type of buyer our client needed," said Generational Equity President Ryan Binkley. "The deal team did a fantastic job finding a buyer whose company complemented the services of the seller."
Neill Supply Co., founded in 1955 in Lyndhurst, New Jersey, is a distributor of carbon steel pipe, valves, and fittings, and is a leading supplier and fabricator in the northeastern US to the fire protection market. The company has been steadily expanding into the sprinkler fabrication market and is a leading supplier.
Since 1975, Long Island Pipe Supply, Inc., of Garden City, New York, has been the premier supplier of fire sprinkler pipes, valves, fittings, devices and accessories. The company carries the largest selection of nationally known brands at competitive prices. An exclusive distributor of many product lines, they ship domestically and worldwide from seven strategic locations. They stock every item needed in order for them to accomplish any fire sprinkler system job worldwide.
About Generational Equity
Generational Equity provides mergers, acquisitions, strategic growth advisory services, and information for privately held and family-owned businesses to exit their business successfully. Generational Equity uses a four-phase approach that includes education, financial analysis and reporting, sales documentation and deal-making ability to offer business owners an unparalleled level of commitment and experience, all focused on helping to release the generational equity and wealth in every business. Generational Equity is headquartered in Dallas, TX, and has more than 200 professionals in North America. For more information visit the website at www.genequityco.com or www.gecpress.com.
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