By Capital MarketsMay 31, 2023, 13:00 et
Generational Capital Markets (GCM), Member FINRA/SIPC and a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client Youngblood Air Systems (dba Youngblood Automation, Inc.) to H&P Technologies, Inc. The deal closed on May 15, 2023.
Youngblood Automation (Youngblood), located in Grand Rapids, Michigan, is an automation business focused on three synergistic lines of businesses: Wholesale distribution of automation componentry, representation of leading manufacturers of equipment in automation, and automation manufacturing services. The Company’s portfolio of brands includes over 40 of the most recognized and reliable manufacturers in the automation industry.
Founded in 1945 and located in Warren, Michigan, H&P Technologies (HPT), is a full-service distributor and service center of leading brands of hydraulic, pneumatic, lubrication, material handling and DC electric assembly tools, components, and engineered systems. The Company also offers a comprehensive line of tooling and fixture components and production-automation equipment. HPT plans to merge Youngblood with HPT’s Behco division in the next 9 to 12 months to create the premier fluid power, automation, and robotics distributor in the region.
Generational Capital Markets’ Sr. Managing Director Mergers & Acquisitions, Phil Pizzurro, with the support of Vice President M&A, Chris Wolf, successfully closed the deal. Generational Equity’s Senior Managing Director Tom Stephens established the initial relationship with Youngblood.
“Youngblood is an exceptionally run business that has produced long-term, sustainable value to stakeholders over the past 46 years,” said Phil Pizzurro.
Pizzurro added, “Partnering with another family-owned private company within the industry that shares the same core values, provides great assurance that the culture will be preserved while enabling future advancement opportunities for its employees.”
About Generational Capital Markets, Inc.
Generational Capital Markets, Inc. is a member of FINRA/SIPC. More information can be found at https://www.gencm.com/.
Generational Capital Markets is part of the Generational Group and is affiliated with Generational Equity, LLC which The M&A Advisor named Investment Banking Firm of the Year in 2016, 2017, and 2018, Valuation Firm of the Year in 2020, North American Investment Bank of the Year in 2022 as well as Consulting Firm of the Year.
Generational Group’s most recent awards include The M&A Advisor's 2020 Information Technology Deal of the Year ($10MM-$25MM), 2020 Private Equity Deal of the Year ($25MM-$50MM) and 2022 Utilities Deal of the Year.
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