Generational Capital Markets Advises Cloud 9 Services in its Sale to Canopy Capital Partners

By Capital Markets

02/11/2022

Generational Capital Markets, Member FINRA/SIPC and a leading mergers and acquisitions advisor for privately-held businesses, is pleased to announce the sale of its client, Cloud 9 Services, Inc., to Canopy Capital Partners LLC. The acquisition closed January 31, 2022. Generational Capital also advised the same owners on the December 2021 ESOP transaction of Fender Marine Construction, Inc.

Located in Orlando, Florida, Cloud 9 Services, founded in 2001, is an underground utilities contractor offering a full suite of commercial and utility cleaning, inspection and repair services to government entities, contractors, property owners and property managers. Fender Marine Construction (FMC) is a marine construction contractor performing all types of commercial and industrial marine construction for contractors, property managers, local government, and homeowners.

Investing since 2015, Canopy Capital Partners (CCP) is a private equity firm with offices in Tampa, Florida. CCP partners with management teams and companies experiencing generational ownership transfers in lower-middle market management buyouts, recapitalizations and growth equity investments. With a focus on businesses based in Florida and the Southeast, CCP invests in companies with at least $10 million of revenue and $2 million of EBITDA.

Generational Capital Markets’ Senior Managing Director of Mergers & Acquisitions, Tom Staszak, with support from Vice President Mergers & Acquisitions, Andre Farahmandi, successfully closed the deal and assisted in the creation of the ESOP. Executive Managing Director – North America, Edward Weber, established the initial relationship with Cloud 9.

“After an exhaustive marketing process, Scott Long and Canopy Capital Partners were the clear choice as the right buyer for Cloud 9. They were intent on partnering with Cloud 9’s key management and growing the business aggressively,” said Staszak.

About Generational Capital, LLC

Generational Capital, LLC, is a Dallas, Texas-based merger and acquisition advisory firm. Generational Capital wholly owns Generational Capital Markets, Inc., Member FINRA/SIPC. More information can be found at https://www.gencm.com/.

Generational Capital and Generational Capital Markets are part of the Generational Group and are affiliated with Generational Equity, LLC, which The M&A Advisor named Investment Banking Firm of the Year in 2016, 2017, and 2018 and Valuation Firm of the Year in 2020.

GCM's most recent awards include The M&A Advisor's 2020 Information Technology Deal of the Year ($10MM-$25MM) and 2020 Private Equity Deal of the Year ($25MM-$50MM).