By Generational EquityDec 18, 2018, 13:00 et
Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, Tidewater Bumper Service Inc., to KSI Trading Corporation. The acquisition closed November 8, 2018.
Based in Mechanicsville, VA, Tidewater Bumper is an aftermarket automotive crash parts wholesaler serving Virginia, North Carolina and Maryland. Stocking more than 23,000 high-quality parts, the company provides local delivery within a 100-mile radius and same-day shipping on items like bumpers, outer automobile parts and auto paints.
KSI, based in South Plainfield, NJ, is an industry-leading distributor of quality replacement auto body parts servicing more than 20,000 repair shop customers across 25 locations in 14 states. Investcorp, a global provider and manager of alternative investment products, acquired KSI in April of 2018 because it saw opportunity for KSI to grow by pursuing acquisitions, which the Tidewater Bumper deal brings to fruition.
Generational Equity Senior Managing Director Doug Smith' team, led by trusted affiliate George Nova and assisted by Senior VP Ryan Johnson, successfully closed the deal. Senior Managing Director Terry Stidham established the initial relationship with Tidewater Bumper.
"Working with the professionals at Tidewater, KSI and Investcorp was truly a textbook example of how a deal should be structured," stated Nova. "From the beginning the three groups and our team at Generational Equity worked on each hurdle with the same goal in mind to complete a fair and equitable deal that worked for all parties."
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Generational Equity, Generational Capital Markets (member FINRA/SIPC), DealForce and Generational Wealth Advisors are part of the Generational Group, which is headquartered in Dallas and is one of the leading M&A advisory firms in North America.
With over 250 professionals located throughout North America, the companies help 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.
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