Generational Equity Announces the Acquisition of Morrison Terrebone Lumber Center by Central Network Retail Group

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Dec 13, 2011, 06:18 ET

DALLAS, Dec. 13, 2011 /PRNewswire/ -- Generational Equity, a leading mergers and acquisitions advisor for privately-held and family-owned businesses, is pleased to announce the sale of its client, Morrison Terrebone Lumber Center (Morrison Terrebone), to Central Network Retail Group (CNRG). The transaction closed on November 4, 2011, and was led by Managing Directors, Terry Mackin, and Vice President, Kyle Coe. Financial details of the transaction were not disclosed.

"The partnership between Morrison Terrebone and CNRG is mutually beneficial for the two groups, while Morrison will retain their name and traditions, CNRG will gain an increased market share while adding expertise to its executive team," said Generational Equity president Ryan Binkley.

Headquartered in Houma, Louisiana, Morrison is the combination of two stores, Houma Brick and Box and Terrebone Lumber and Supply Company which merged in 1999. While maintaining the heritage and principles of its predecessors, Morrison has emerged to become the premier building supply company in the region. Doug Gregory, president of Morrison has remained on board to join the CNRG board of directors. "My partners and I are excited about this new venture as it will provide an excellent opportunity to grow our business while maintaining our identity in Terrebonne and Lafourche Parishes," said Doug Gregory.

"The synergies between Morrison Terrebone and CNRG were what helped to close this deal," stated Terry Mackin. "It is a great example of the knowledge our deal teams have behind buyer motivations." If you would like to learn more about what synergistic features motivate buyers, please click here to download our whitepaper on this topic.

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. For more information visit the following websites at www.genequityco.com, www.gecpress.com, or http://blog.genequityco.com/.

For more information:
Rebecca Gruman
972-232-1100
[email protected]

SOURCE Generational Equity