Generational Equity Announces the Acquisition of D&D Plumbing by Bonney Plumbing, Heating & Air

DALLAS, July 14, 2011 /PRNewswire/ -- Generational Equity, a leading advisor to privately-held and family-owned businesses for mergers, acquisitions and strategic growth initiatives is pleased to announce the sale of its client, D&D Plumbing, Heating & Cooling.  D&D is a local provider of residential plumbing and HVAC services in Vacaville, CA.  The acquiring company was Bonney Plumbing, Heating & Air, a Sacramento, CA based residential and commercial service provider.  Bonney is funded by Skylight Capital, a Seattle based private equity group.  

The transaction closed on June 23, 2011, led by Managing Directors, Stephen Crisham, Robert Gurrola and Assistant Vice President, Toby Pence.  The value of the transaction was not disclosed.  "This transaction combined the buyer's resources of capital and related industry experience coupled with the optimized target company, creating the environment which will take the company to the next level," said Mr. Gurrola.

"D&D plumbing presented an excellent growth opportunity for Bonney," commented Mark Bonney, founder of Bonney Plumbing. "We are excited to be servicing Vacaville and surrounding communities as we begin our expansion toward Marin County and the Bay Area."  Collin Hathaway said, "Bonney is poised for growth and we're excited to welcome the D&D employees onto our team."

In March 2008, Generational Equity successfully assisted with Skylight Capital's investment in Bonney Plumbing.  The investment was led by Managing Director, Eric Sanderson, who stated at that time, "Bonney Plumbing will now have additional capital to expand its services and market territory to better serve its customers and offer employees greater advancement opportunities.  In addition, Skylight will see a lot of reward from the growing company."  

Ryan Binkley President of Generational Equity commented, "Generational Equity believes that every deal we do should be a win-win for the seller (our client) and the buyer. There are few things more rewarding in this industry than seeing a 'done deal' that continues to prosper and grow post-closing. It was particularly rewarding to see a former client of ours that has been able to continue to grow in a challenging economic climate by partnering with a new client of ours."

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. For more information visit the following websites at www.genequityco.com or www.gecpress.com.  

About D&D Plumbing

Founded in 1992, D&D has been serving homeowners in Solano, Napa and parts of Contra Costa County, California.  With an A+ rating for the Better Business Bureau, they have been serving thousands of customers, delivering expert plumbing, heating and cooling service, repair and installation.  www.dndphc.com  

About Bonney Plumbing

Headquartered in Sacramento, CA, Bonney is a leading provider of plumbing and HVAC services to homeowners in the greater Sacramento area.  Established in 1978 and still managed by the original owners, Mark and Candace Bonney, Bonney Plumbing Inc. has earned a reputation for going above and beyond in servicing their customers' plumbing, heating & air problems.  From maintenance and repair to new system installation, Bonney offers a full suite of residential and commercial plumbing and HVAC services.  www.bonneyplumbing.com

About Skylight Capital

Based in Seattle, WA Skylight Capital was formed to invest or acquire companies in the Western U.S. with EBITDA under $4 million.  Skylight Capital's mission is to be the premier private equity firm in the micro-cap marketplace, helping business owners to create and capture value while rewarding our investors with consistently superior returns over the long run.   www.skylight-capital.com

For more information:
Rebecca Gruman
972-232-1100
[email protected]

SOURCE Generational Equity