DALLAS, April 18, 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, Ottawa Trailer Repair, Inc., to The Benson Group, Inc. The deal team on the transaction, which closed on March 14, 2011, was led by Managing Directors Doug Smith and Mike Hammer, and Vice President Michael Goss. Mike Hammer who spearheaded this transaction stated, "There were two key elements in this deal that made it come together – the strong fit between the seller and the purchaser (whose company has one of the largest operations in this geography and sector) and the long-term lease with The Benson Group that would add value and income to the seller's real estate holding."
"Ottawa Trailer Repair was the perfect acquisition for The Benson Group," said Generational Equity President Ryan Binkley. "Being able to repair and service fleets will give The Benson Group a competitive edge over the competition."
Ottawa Trailer Repair is a repair and maintenance facility specializing in fleet maintenance for trucks, tractors and trailers. Ottawa Trailer Repair markets its services primarily to the following industries wanting fleet maintenance for their trucks and trailers: freight transportation, recycling services and produce transportation. The company is located in Ottawa, Ontario and has been in business for 20 years.
The Benson Group has been in business for almost 55 years and started as a two-bay garage in Cornwall, Ontario, opened by Gerry Benson. The Benson Group has expanded across Ontario and Quebec, and operates under the familiar brand names of Benson Auto Parts and Benson Tire in Ontario and Quebec.
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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