DALLAS--(BUSINESS WIRE)--Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, King Machine, Inc. to C.G. Machinery, LLC. The transaction closed September 20, 2022.
Located in Meridian, Idaho, King Machine (King) is the largest machine tool and machining robotics distributor in Idaho and Montana with the most comprehensive support in the territory, and since 1999 has earned the highest market share award within the Haas Automation dealer network.
King’s wholly owned division Eclipse Tool & Supply, Inc. provides consumable tools and accessories to the metal cutting industry and has seen double digit growth since its inception in 2017. Additionally, King has in-market service techs, something that no competitor in its market can match.
C.G. Machinery, LLC (CGM) located in Dayton, Ohio has built best-in-class solutions around the industry’s finest machine tools and accessories. CGM provides access to hundreds of qualified technicians and engineers with automation systems and controls expertise to meet the entire spectrum of manufacturing and automation needs. CGM is committed to ensuring the success of its customers by providing installation, training, maintenance, replacement parts, and unmatched technical support.
Generational Equity Executive Managing Director of M&A – Western Region, Stephen Crisham and his team, led by Managing Director - M&A, Chad Comroe, closed the transaction. Senior Managing Director, DeWayne Nelon established the original relationship with King.
"King Machine is a natural fit into the CGM distribution lines," said Comroe. "I am delighted that we were able to be a part of making their transaction a success."
About Generational Equity
Generational Equity, Generational Capital Markets (member FINRA/SIPC), Generational Wealth Advisors, Generational Consulting Group, and DealForce are part of the Generational Group, which is headquartered in Dallas and is one of the leading M&A advisory firms in North America.
With more than 300 professionals located throughout 16 offices in North America, the companies help business owners release the wealth of their business by providing growth consulting, merger, acquisition, and wealth management services. Their six-step approach features strategic and tactical growth consulting, exit planning education, business valuation, value enhancement strategies, M&A transactional services, and wealth management.
The M&A Advisor named the company Investment Banking Firm of the Year three years in a row, Valuation Firm of the Year in 2020, and North American Investment Bank of the Year in 2022. For more information, visit https://www.genequityco.com/ or the Generational Equity press room.
