DALLAS--(BUSINESS WIRE)--Generational Group, a leading mergers and acquisitions advisory firm for privately held businesses, is pleased to announce the sale of its client, Cambrian Granite & Stone II, Inc., in its sale to Ownershift, Inc. The acquisition closed October 4, 2024.
Located in Cedar Falls, Iowa, Cambrian Granite & Stone II, Inc., founded in 1997, serves eastern Iowa, southwest Wisconsin, and northern Illinois. Specializing in natural stone countertops, the company handles both residential and commercial projects, including hospitals and educational institutions. Renowned for its quality service and skilled staff, Cambrian Granite combines advanced technology with a strong commitment to customer care. They welcome customers to visit their showroom and engage with their dedicated team.
Marc Schweer, President of Cambrian, added, “When my brother Brent and I bought Cambrian 15 years ago, we set out to become the premier supplier of natural stone countertops in the Waterloo/Cedar Falls area by focusing on quality service. We achieved that goal. Brent and I decided it was time to pass the torch to a new generation so that we can focus on our passion - the family farm. We were introduced to several potential buyers but picked Ownershift so that our employees can share in the ownership. We know we are leaving the company with an incredible group of people who will reach new heights."
Headquartered in Denver, Colorado, Ownershift, Inc. focuses on helping small business owners transition into retirement by acquiring their companies and shifting ownership to employees. Their mission is to create wealth building opportunities for hard-working employees through employee ownership programs. They offer a seamless succession plan, matching companies with qualified leaders and enabling employees to share in the value they create. Ownershift emphasizes financial training and support to ensure long-term success for both businesses and their employees.
Generational Group Executive Managing Director of M&A – Central Region, Michael Goss, and his team, led by Generational Senior Managing Director, M&A, Cory Strickland, with the support of Managing Director, M&A, Ryan Johnson, closed the deal. Executive Managing Director, Tom Braun, and Senior M&A Advisor, Michael Querard, established the initial relationship with Cambrian Granite & Stone II, Inc.
Ryan Binkley, CEO of Generational Group, added, "This transaction highlights our commitment to facilitating deals that create lasting value for both parties. At Generational Group, we are proud to have played a role in bringing together two organizations poised for continued success."
About Generational Group
Generational Group, headquartered in Dallas, is a leading, award-winning, full-service business advisory firm. With more than 350 professionals located throughout 16 offices in North America, the company helps business owners release their business’ wealth by providing growth consulting, merger, acquisition, and wealth management services. The Generational suite of advisory services includes strategic growth consulting, exit planning education, business valuation, value enhancement strategies, M&A services, digital services, and wealth management. For more information visit generational.com.
