DALLAS, July 26, 2017 /PRNewswire/ -- Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, Instrument Technology Inc. of Westfield, Massachusetts, to Transom Shields Group of Wilmington, Delaware. The acquisition closed January 3, 2017. Details were not disclosed.
Founded in 1967, Instrument Technology Inc. manufactures optical viewing instruments including borescopes, fiberscopes, videoscopes and endoscopes for inspection and observation into inaccessible or hostile environments. Their products are sold in the medical, industrial and law enforcement industries, and all products are made in compliance with ISO 9001. The company prides itself on its superior team of engineering specialists.
A U.S. Veteran owned company, Transom Shields Group, with offices in the U.S. and Shanghai, China, owns Transom Scopes. Transom Scopes manufactures and trades instruments in a number of similar industries and more. Instrument Technology Inc. offered complementary products and additional industries to Transom Scopes.
Generational Equity Executive Managing Director Edward Weber established the relationship with Instrument Technology and Generational Equity Managing Director Doug Smith and his team, headed by trusted affiliate George Nova, and Vice Presidents Musa Jagne and Ryan Johnson, led the deal to a successful close.
According to George Nova, "While there were many bumps in the road, working with a client that was always available and a buyer that understood the process was the primary reason for a successful closing."
About Generational Equity
Generational Equity, part of the Generational Group headquartered in Dallas with over 200 professionals located throughout North America, helps 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. The M&A Advisor recently named the company its 2016 Investment Banking Firm of the Year. For more, visit http://www.genequityco.com and http://www.gecpress.com.
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