Generational Equity Announces the Acquisition of Tranergy Corporation by Loram Maintenance of Way, Inc.
DALLAS, Dec. 15, 2011 /PRNewswire/ -- Generational Equity, a leading mergers and acquisitions advisor for privately-held and family-owned businesses, is pleased to announce the sale of its client, Tranergy Corporation (Tranergy) to Loram Maintenance of Way, Inc (Loram). The transaction closed on September 30, 2011, and was led by Managing Directors Doug Smith and Jim Hines, and Assistant Vice President Michael Goss. "Loram tendered a strong offer that made our client feel very comfortable with the partnership," said Generational Equity's Managing Director Doug Smith.
In business for over 25 years, Tranergy creates innovative friction modification systems to improve rail vehicle performance. Over the course of the last quarter century, Tranergy has established a unique line of cutting edge, ecologically clean products that are field-proven to be the most effective solutions on the market. Their expertise primarily supports railroads but also extends to most rail-based forms of transportation.
"We are thrilled to have the opportunity to become a part of the Loram family and are excited to work jointly with Loram to further advance and implement our superior friction management products and services," said Dr. Sudhir Kumar, Tranergy founder, chairman, president and CEO.
"Loram made a savvy business acquisition in Tranergy," said Generational Equity's president, Ryan Binkley. "It is always very exciting to see what the final product will be when two experts and industry leaders come together to form one powerful entity."
The Tranergy acquisition by Loram is an example of the professional M&A advisory services that Generational Equity offers to business owners. It also demonstrates how critical it is to position your company to be "buyer ready". A buyer ready business is one that has developed the features that synergistic buyers are looking for.
If you would like to learn how you too can position your company to be "buyer ready", please click here and download our free whitepaper on the topic of building and exiting a desirable business. Written by Ryan Binkley, it draws on our years of experience in closing deals and helping to position our clients to be buyer ready.
About Generational Equity
Generational Equity provides mergers, acquisitions, strategic growth advisory services, and information for privately held and family-owned businesses to exit their business successfully. Generational Equity uses a four-phase approach that includes education, financial analysis and reporting, sales documentation and deal-making ability to offer business owners an unparalleled level of commitment and experience, all focused on helping to release the generational equity and wealth in every business. Generational Equity is headquartered in Dallas, TX, and has more than 200 professionals in North America. For more information visit the website at www.genequityco.com or www.gecpress.com, or http://blog.genequityco.com/.
For more information:
Rebecca Gruman
972-232-1100
[email protected]
SOURCE Generational Equity
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