Aug 2014 | California
Wine Valley Siding Supply Acquired By Succession Capital
Generational Equity, a leading mergers and acquisitions advisor for privately-held, middle-market businesses, is pleased to announce the acquisition of its client, Wine Valley Siding Supply, Inc., headquartered in Bothell, Washington, by Succession Capital Inc., headquartered in San Diego, CA. The acquisition closed on August 5, 2014.
Since 1955, Wine Valley Siding Supply, Inc. has been providing high quality siding materials to home builders, subcontractors, remodelers, homeowners, and lumber yards, primarily in the state of Washington. Wine Valley Siding Supply is also the only company in its markets to offer prefinishing services on site, allowing customers to fully customize their siding and trims.
Company management places a strong emphasis on superior service, customer relations and personal contact with customers. Wine Valley Siding Supply has been a valued partner to its clients for many years, as evidenced by the company's exceptionally low customer attrition. Managing Director Steven Crisham and his team comprised of affiliate Steve Spencer and Vice President Mike Meredith, led the Generational Equity deal team that advised Wine Valley Siding Supply on the transaction. "Wine Valley Siding Supply is an exceptionally well run business.
Succession Capital quickly recognized the opportunity to partner with the existing management team to build on the company's nearly 60 year reputation for outstanding customer service in the Northwest. Due to a superior effort by the teams at Wine Valley Siding Supply and Succession, the transaction negotiations, due diligence, and closing were accomplished in near record time. We are excited about the fit between Wine Valley Siding Supply and Succession and truly expect a very successful future as they move forward together." Based out of San Diego, CA, Succession Capital Inc. is a diversified private equity firm focused on acquiring small to medium-sized businesses from owners looking to retire. Succession Capital targets transactions between $2 million and $8 million and utilizes a buy and hold strategy.
If you would like to explore other transactions our associates have supported in this industry, visit our dedicated Engineering, Contracting & Construction page.
If you would like to explore other transactions our associates have supported in this industry, visit our dedicated Transportation & Distribution page.
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