Generational Group Advises Troy LLC in Sale to Fiberworx

By Generational Group

09/04/2020

Generational Group, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client Troy, LLC to PET Fiber, LLC (dba Fiberworx). The acquisition closed August 4, 2020 and details were not disclosed.

Troy, LLC, located in Harrisville, West Virginia, is a manufacturer of non-woven fabrics, primarily used for liners & under-carpet mats in a variety of vehicles.

Located in Cleveland, Ohio, Fiberworx manufactures innovative nonwoven products that are on the leading edge of acoustic and thermal protection in various markets. Harnessing diverse technical abilities and an innovative research and development department, they utilize recycled and virgin materials to create clean and lightweight fibers used in numerous commercial applications. They offer products that are highly engineered to match the specification of each customer.

According to the Fiberworx press release, “This is a very exciting time for both companies, for our employees, and our customers. We are forging a new company with enhanced experience, expertise, and capability. Fiberworx and Troy are two highly compatible companies. We hold similar values and business philosophies. Now, we come together to become a more diversified nonwoven supplier able to offer lofted materials and needled felts to automotive and industrial markets. Though both locations will be doing business as Fiberworx, you can rely on the same personal working relationships that you have built in the past. You will be dealing with the same people and can depend on the same quality of work”.

Generational Group Executive Managing Director of M&A – Central Region, Michael Goss and his team, led by Managing Director, Mergers & Acquisitions, Jerry Yocum, with support from Managing Director, Mergers & Acquisitions, Ryan Johnson successfully closed the transaction. Executive Managing Director Randy Kamin established the initial relationship with Troy, LLC.

“This was a difficult and complex transaction to complete, but both the buyers and sellers worked through all the issues, including the pandemic, to get it over the finish line. I am happy for all parties involved.” said Yocum.


About Generational

Generational Group, headquartered in Dallas, TX, is a leading, award winning full-service M&A advisory firm. Generational has over 300 professionals across 16 offices in North America. The firm empowers business owners to unlock the full value of their companies through a comprehensive suite of services—including strategic growth consulting, exit planning education, business valuation, value enhancement strategies, M&A advisory, digital solutions, and wealth management.

Celebrating its 20th year, Generational has successfully closed over 1,700 transactions and has ranked #1 or #2 in all LSEG league tables for deals valued between $25 million and $500 million in 2022, 2023, and 2024.

The firm was named 2024 USA Investment Banking Firm of the Year by the Global M&A Network and recognized as Investment Banking Firm of the Year by The M&A Advisor in both 2024 and 2022.