By Generational EquityJun 12, 2020, 06:00 et
Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, Aftersort, Inc., to FMH Conveyors (a Duravant Company). The acquisition closed June 1, 2020 and details were not disclosed.
Aftersort, located in Jonesboro, Arkansas, is a leading provider of trailer-loading conveyors. Its unique truck loaders are two-piece telescoping conveyors that are built to withstand the punishment in shipping areas that have a high degree of forklift traffic or other collision obstacles. Utilizing 10-inch structural steel channel framework and few moving parts, these loaders provide years of minimal maintenance.
Located in Jonesboro, Arkansas, FMH Conveyors designs and manufactures material handling equipment built to deliver long-lasting conveyor performance in the most punishing conditions often associated with shipping and receiving. FMH has a long history of delivering solutions for fluid/loose truck loading and unloading applications with trusted product brands.
Formerly known as Flexible Material Handling and Best Conveyors, FMH has the knowledge and global resources to deliver higher value to material handling customers with an enhanced product portfolio, an application-focused team of design and configuration experts, and an expansive service and support network.
“FMH is extremely excited to have Aftersort as part of our truck loading solutions lineup. We know that it will fill a gap in function and investment in our product line that our customers have been looking for,” said Peter Rice, Vice President of Sales for FMH.
Generational Equity Executive Managing Director of M&A – Central Region, Michael Goss, and his team, led by Senior M&A Advisor, Bill Evans, and assisted by Vice President, Mergers & Acquisitions, Jon LePage, successfully closed the deal. Senior Managing Director Joe Van Voorhis established the initial relationship with Aftersort.
“This transaction was a win-win for everyone. FMH with its vast experience and extensive footprint in the conveyor industry can take a growing business to the next level and the founders of Aftersort can enjoy the fruits of their 20 plus years of effort,” said Evans.
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With over 250 professionals located throughout North America, the companies help business owners release the wealth of their business by providing merger, acquisition, and wealth management services. Their five-step approach features exit planning education, business valuation, value enhancement strategies, M&A transactional services, and wealth management.
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