Generational Equity Announces the Sale of the Majority of the Assets of K. Plunk, Inc., to Perigee Capital Partners
DALLAS, Feb. 11, 2014 /PRNewswire/ -- Generational Equity, a leading mergers and acquisitions advisor for privately-held, middle-market businesses, is pleased to announce the sale of the majority of the assets of its client, K. Plunk, Inc. (KPI), headquartered in Round Rock, Texas, to Perigee Capital Partners, headquartered in Herndon, Virginia. The acquisition closed on January 14, 2014.
KPI is a cutting edge web design, development & hosted Internet web portal services company. The company started out by providing tier one telecommunications carriers and device manufacturers with developer program services and infrastructure. KPI Consulting offers more developer and partner program industry knowledge, business insight and technical bench strength than any other company. The company combines old-fashioned client services with the most modern technology and best practices to solve some of the world's most complex developer and partner program problems.
Managing Director Terry Mackin led the Generational Equity deal team that advised KPI on the transaction. "This was an interesting deal in that it included the buyer and seller setting up a short term growth strategy prior to closing the deal," Terry Mackin stated. "This allowed Perigee the time to get comfortable with the viability of the company's business model, while providing KPI's ownership the opportunity to maximize the value of the business and the structure of the deal."
Perigee Capital Partners is an entrepreneurial firm formed to acquire and operate a single, small-medium sized business. Formed by a group of successful entrepreneurs, operators and investors, Perigee seeks companies with $4 to $40 million in annual revenues in growth industries. The Perigee team is committed to assessing target companies in a detailed, expeditious manner, and enhancing the acquired company's high-growth trajectory. To read more, visit Perigee Capital Partners at www.perigeecapital.com.
About Generational Equity
Generational Equity provides mergers, acquisitions, strategic growth advisory services, and information for privately held and family-owned businesses to exit their companies 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, has more than 200 professionals in North America, and was recently recognized by the M&A Advisor as the M&A Consulting Firm of the Year. For more information visit the following websites at www.genequityco.com, www.gecpress.com or http://blog.genequityco.com/.
For more information:
Jessica Mead
972-232-1100
[email protected]
SOURCE Generational Equity
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