Generational Equity Advises General Utility Construction in Sale to Young’s Communications
DALLAS--(BUSINESS WIRE)--May 15, 2019--
Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, General Utility Construction, Inc. (“GUCI”), to Y-COM Holdings, LLC, a portfolio company of Cotton Creek Capital. Founded in 2008, GUCI specializes in aerial and underground cable and fiber construction. The combination provides Y-COM with complementary service capabilities, increased scale, and a strengthened presence for customers throughout Florida.
“GUCI’s reputation for quality and customer service aligns with the standard Y-COM has set over our 40+ years of serving clients,” said Steve Young, President of Y-COM. “We welcome the GUCI team to the Y-COM family and believe the combined entity’s commitment to exceptional quality and service, coupled with our expanded footprint, will greatly benefit our customer base.”
Y-COM will now have nine operating locations in Florida, with statewide coverage and expanded capabilities to service its customers. Y-COM’s combined service offerings include aerial/underground fiber installation, fiber splicing, utilities infrastructure installation and maintenance, and intelligent transportation solutions (“ITS”). As part of the acquisition, GUCI will continue to be led by its current executive and operations team.
Generational Equity Sr. Managing Director Terry Mackin with support from Vice President Mergers & Acquisitions Mark Galovic, successfully closed the deal. Executive Managing Director Edward Weber established the initial relationship with General Utility Construction.
“GUCI provided Cotton Creek with the opportunity to immediately add value to a recent platform acquisition in the space,” said Mackin. “It is an example of what we see time and time again in the private equity world and a perfect way for our clients to sell to a group that will fulfill the long term goals they both envision for the company.”
About Generational Equity
Generational Equity, Generational Capital Markets (member FINRA/SIPC), Generational Wealth Advisors, and DealForce are part of the Generational Group, which is headquartered in Dallas and is one of the leading M&A advisory firms in North America.
With over 250 professionals located throughout North America, the companies help business owners release the wealth of their business by providing merger, acquisition, and wealth management services. Their five-step approach features exit planning education, business valuation, value enhancement strategies, M&A transactional services, and wealth management.
About General Utility Construction, Inc.
Founded in 2008, General Utility Construction, Inc. is a family-owned provider of telecommunications maintenance and construction services, headquartered in Orlando, Florida, with additional locations in Homosassa and Leesburg, Florida. The Company provides aerial and underground fiber installation and fiber splicing for customers throughout Florida. For more information, visit GUCI’s website at www.generalutility.net.
View source version on businesswire.com:https://www.businesswire.com/news/home/20190515005081/en/
CONTACT: Carl Doerksen
KEYWORD: UNITED STATES NORTH AMERICA FLORIDA TEXAS
INDUSTRY KEYWORD: TECHNOLOGY TELECOMMUNICATIONS PROFESSIONAL SERVICES CONSULTING
SOURCE: Generational Equity
Copyright Business Wire 2019.
PUB: 05/15/2019 08:00 AM/DISC: 05/15/2019 08:00 AM