Generational Group Advises Ray the Mover of Naples, Inc. in its sale to PackGistics

By Generational Group

09/26/2024

Generational Group, a leading mergers and acquisitions advisory firm for privately held businesses, is pleased to announce the sale of its client, Ray the Mover to PackGistics. The acquisition closed September 6, 2024.

Located in Naples, Florida, Ray the Mover, established in 1981, is a leading moving and storage company offering a comprehensive range of services for both residential and commercial clients. Specializing in local, long-distance, and international moves, the company is committed to providing reliable and professional relocation services. As an agent of North American Van Lines with decades of experience, Ray the Mover ensures seamless coordination of cross-country and international relocations, offering personalized moving solutions tailored to each client’s unique needs.

PACK is a group of private investors who collaborated to acquire Ray the Mover. The investment team includes Matthew Mullaney, Megan Smith, and Dan Duschene, who worked together on this venture.

After two decades in warehousing and distribution, Megan Smith, Managing Director of PackGistics (PACK), enters the moving and storage industry with the launch of PACK and its first acquisition, Ray the Mover. This partnership combines client-focused, tech-driven solutions to simplify the moving experience for families and businesses across Southwest Florida.

PACK is disrupting the moving and storage industry by blending technology, logistics, and customer service. The founders have over 50 years of combined knowledge in operations, transportation, and distribution. PACK is redefining how moving is orchestrated and executed in Florida and beyond.

“We’re thrilled to welcome Ray the Mover into the PACK family,” said Smith. “By combining their trusted legacy with our innovative, customer-focused approach, we’re redefining the moving experience—streamlining every step while ensuring our customers’ possessions are treated with the same care and respect as our own.”

Generational Group Executive Managing Director of M&A – Eastern Region, David Fergusson, and his team, led by Generational Affiliates, Anthony Blair and Nick Arnheim, with the support of Vice President, M&A, Emil Nirkis, closed the deal. Executive Managing Director, Ed Weber, and Senior M&A Advisor, Michael Querard, established the initial relationship with Ray the Mover.

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.”