By Generational EquityJan 30, 2023, 11:00 et
Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, TransTech, Inc. to Polar Peak Capital. The acquisition closed January 20, 2023.
TransTech, located in Newton, North Carolina is a commercial driver’s license (CDL) training school and third-party CDL testing administrator, providing training and education for students seeking to enter the commercial trucking industry. The programs are small in size and up-to-date with modern equipment, and the Company has experienced a high rate of student career placement since inception.
TransTech’s excellent industry reputation, partnerships, and family atmosphere has established the Company as one of the leading commercial driving schools in the Southeastern United States. With nine locations in North Carolina, it is the go-to CDL training center in the state, and the Company has developed widespread awareness among the nation’s principal carriers as one of the premiere truck driver institutions in the country.
Located in Austin, Texas, Polar Peak Capital (PPC), operates as a business “search fund”. A search fund is an investment vehicle that sponsors entrepreneurs seeking to buy and grow a business. Searchers often buy a business from a retiring owner that wants the business to stay in the community. PPC’s core philosophy is: Do Right by the Owner, Do Right by the Employees, and Do Right by the Community. PPC is backed by experienced investors who are in it for the long run.
Generational Equity Executive Managing Director, M&A-Technology Practice Leader, David Fergusson, Senior M&A Advisor, Paul Fackler, with the support of Vice President, M&A, Emil Nirkis, successfully closed the deal. Executive Managing Director and Group Leader, Randy Kamin, established the initial relationship with TransTech.
“Bob Boniface and Tyrel Sulzer, co-founders of PPC, were immediately liked and respected by TransTech management from the first introduction” said Fackler.
Fackler added, “Their search fund approach and collaborative methodology was successful in finding and closing the transaction, and the business has a significant opportunity to grow and thrive moving forward.”
About Generational Equity
Generational Equity, Generational Capital Markets (member FINRA/SIPC), Generational Wealth Advisors, Generational Consulting Group, and DealForce 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 more than 350 professionals located throughout 16 offices in North America, the companies help business owners release the wealth of their business by providing growth consulting, merger, acquisition, and wealth management services. Their six-step approach features strategic and tactical growth consulting, exit planning education, business valuation, value enhancement strategies, M&A transactional services, and wealth management.
The M&A Advisor named the company Investment Banking Firm of the Year three years in a row, Valuation Firm of the Year in 2020, and North American Investment Bank of the Year in 2022 as well as Consulting Firm of the Year. For more information, visit https://www.genequityco.com/ or the Generational Equity press room.
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