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SOURCE Generational Equity
DALLAS, July 8, 2014 /PRNewswire/ -- Generational Equity, a leading mergers and acquisitions advisor for privately-held, middle-market businesses, is pleased to announce the acquisition of its client, Advanced Testing and Engineering Inc. (ATE), and Commercial Aging Services, LLC (CAS), headquartered in Taylor, Michigan, by SGS Group, headquartered in Geneva, Switzerland. The acquisition closed on May 30, 2014.
ATE is a leading independent fatigue durability testing laboratory, specializing in exhaust, suspension and emissions systems. It serves the automotive, heavy truck and motorcycle markets. Founded in 2001 and privately owned, ATE employs 20 and generated 2013 revenues in excess of USD 5.3 million.
CAS was formed in 2008 with the purpose of commercializing C-FOCAS© technology. The patented system is a gasoline-fueled burner with an integrated, computerized control system. The system is capable of running gasoline, natural gas, or propane fuel and can accurately inject oil or metered poison to stimulate engine oil consumption.
Managing Director Doug Smith, and his Vice President, Fred Zweifel led the Generational Equity deal team that advised ATE and CAS on the transaction. "This was a great strategic acquisition for all parties as SGS continues to grow its Automotive Division," stated Fred Zweifel.
SGS is the world's leading inspection, verification, testing and certification company. SGS is recognized as the global benchmark for quality and integrity. With more than 80,000 employees, SGS operates a network of more than 1,650 offices and laboratories around the world. SGS strengthens and diversifies its Automotive Services in the North American market with the acquisition of ATE and CAS.
"I am very pleased with these two transactions," said Chris Kirk, CEO of SGS. "Combined with ETC, which we acquired in 2011, ATE and CAS expand and further diversify our vehicle and engine testing services in North America." To learn more, please visit http://www.sgs.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/.
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