Dec 2021 | Florida

Generational Capital Markets Assisted in Creating an ESOP for Fender Marine Construction

We are pleased to announce the sale of our client, Cloud 9 Services, Inc., to Canopy Capital Partners LLC. The acquisition closed January 31, 2022. Generational Capital also advised the same owners on the December 2021 ESOP transaction of Fender Marine Construction, Inc.

Located in Orlando, Florida, Cloud 9 Services, founded in 2001, is an underground utilities contractor offering a full suite of commercial and utility cleaning, inspection and repair services to government entities, contractors, property owners and property managers.

Fender Marine Construction (FMC) is a marine construction contractor performing all types of commercial and industrial marine construction for contractors, property managers, local government, and homeowners.

Investing since 2015, Canopy Capital Partners (CCP) is a private equity firm with offices in Tampa, Florida. CCP partners with management teams and companies experiencing generational ownership transfers in lower-middle market management buyouts, recapitalizations and growth equity investments.

With a focus on businesses based in Florida and the Southeast, CCP invests in companies with at least $10 million of revenue and $2 million of EBITDA.

Generational Capital Markets’ Senior Managing Director of Mergers & Acquisitions, Tom Staszak, with support from Vice President Mergers & Acquisitions, Andre Farahmandi, successfully closed the deal and assisted in the creation of the ESOP. Executive Managing Director – North America, Edward Weber, established the initial relationship with Cloud 9.

“After an exhaustive marketing process, Scott Long and Canopy Capital Partners were the clear choice as the right buyer for Cloud 9. They were intent on partnering with Cloud 9’s key management and growing the business aggressively,” said Staszak.

Generational can help business owners, buyers and investors to make the most of M&A opportunities. Contact our expert advisors today.