Generational Equity Announces Sale of United Brass Works to Bradford Equities Management
DALLAS, Jan. 17, 2017 /PRNewswire/ -- Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the acquisition of its client, United Brass Works of Randleman, North Carolina, by Bradford Equities Management of White Plains, New York. The acquisition closed August 12, 2016. Details were not disclosed.
United Brass Works is a 107-year-old manufacturer of high-quality bronze, ductile iron, and carbon steel valves used in a variety of applications. The company, which started out manufacturing steam valves and components for steam equipment, has grown into a world-class manufacturer serving the general industrial, fire protection and sprinkler, contract cast and machined, and electrical transformer industries, among others.
Bradford Equities Management LLC is a private equity firm founded in 1974 that focuses on acquiring high-quality middle-market companies in the United States in partnership with management. BEM invests across a broad range of industries and favors low-technology manufacturing businesses, as well as specialty distribution companies. The company and its affiliates have acquired more than 150 companies with sales in excess of $4 billion and whose total transaction values have exceeded $2 billion.
Generational Equity Managing Director William Hunter led the deal to a successful close. "This was one of the more complicated transactions that I have worked on in my career," said Hunter. "With the help and patience of Rich at Bradford, we were able to overcome all of the issues that existed."
Mike Berkelhammer, President of United Brass Works, added, "We attended a Generational Equity seminar a few years back. In fact, a year or so later we attended for a second time, after which we began in earnest to create a plan, objectives and goals for a transaction."
"I'm happy to report with Generational Equity's help we are now about five months post closing and have successfully executed those plans in accordance with the original objectives," Berkelhammer said.
About Generational Equity
Generational Equity, part of the Generational Group headquartered in Dallas with over 200 professionals located throughout North America, helps 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. The M&A Advisor recently named the company its 2016 Investment Banking Firm of the Year. For more, visit www.genequityco.com and the Generational Equity press room.
For more information:
Carl Doerksen
972-232-1125
[email protected]
SOURCE Generational Equity
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