Generational Capital Markets Announces Sale of American Track Generations to Hilltop Private Capital
DALLAS, Sept. 6, 2017 /PRNewswire/ -- Generational Capital Markets, Inc., Member FINRA/SIPC, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, American Track Generations, to Hilltop Private Capital. The acquisition closed Nov. 1, 2016. Details were not disclosed.
American Track Generations, based in Fort Worth, Texas, specializes in the design and construction, inspection, repair, and maintenance of railroad track, predominantly for private users. ATG was founded in 2007 by members of the Bush family, all rail services industry veterans. The company has another office in Tulsa, Oklahoma.
Hilltop Private Capital, headquartered in New York City, is a private equity firm focused on making investments in business and industrial products and services companies in the lower middle market, typically with revenues between $10 million and $150 million. The firm is dedicated to combining tailored operational resources, flexible transaction structures, and long-term value creation with investor access and alignment. Hilltop's strategy is to take a hands-on approach to investing and to build collaborative relationships with managers of businesses at a growth or ownership inflection point.
Hilltop also acquired C.J. Bridges Railroad Contractor, which it will combine with ATG to form a new entity, American Track Services.
"The combination of these two great companies creates a platform with the geographic breadth, diverse capabilities, and engineering sophistication to provide private track users of any size with a suite of services focused on their unique need," said ATG President Bill Bush, who will become President and CEO of American Track Services. You can hear more about Bill's experiences with the Generational team by following this link:
The investments in ATG and C.J. Bridges are the first for Hilltop, which was founded in 2016 by private equity veterans Drew Shea and Kate Lehman.
"The track maintenance industry is a sector we have been studying for some time, and we are thrilled to see those efforts result in a platform of this magnitude and quality," said Shea. "We are excited about what we believe is a very attractive opportunity for further industry consolidation and geographic and service offering expansion."
Generational Capital Markets President and Supervising Principal Brenen Hofstadter successfully closed the deal with support from Vice President Julio Dominguez. Generational Equity Executive Managing Director William Kushnir established the initial relationship with ATG.
"The simultaneous combination of two private businesses in an M&A transaction is not typical," said Hofstadter. "But it was the right solution for our client."
About Generational Capital, LLC
Generational Capital, LLC is a Dallas, Texas-based merger & acquisition advisory firm. Generational Capital wholly owns Generational Capital Markets, Inc., Member FINRA/SIPC. More information can be found at www.gencm.com. Generational Capital and Generational Capital Markets are part of the Generational Group and are affiliated with Generational Equity, LLC. Generational Equity's website is www.genequityco.com and its online newsroom is www.gecpress.com. GCM received The M&A Advisor's 2017 Private Equity Deal of the Year Award, 2016 Corporate and Strategic Acquisition of the Year Award, as well as the 2016 Materials Deal of the Year for its work on the Stern Rubber Company transaction. It has also been recognized for the 2016 M&A Deal of the Year (for deals valued $10mm - $25mm) for the acquisition of Pro Trans Logistics Inc. by Action Resources.
For more information:
Carl Doerksen
972-232-1125
[email protected]
SOURCE Generational Capital Markets
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