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Generational Group Advises American Material Services in its Sale to AGI International
By Generational Group
01/05/2024
Generational Group, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client American Material Services, Inc. to AGI International, Inc. The acquisition closed November 17, 2023.
Located in Macon, Georgia, American Material Services (AMS) provides transportation services for dry bulk and liquid bulk customers located throughout the eastern and southeastern U.S. In 2000, AMS expanded its operation through the purchase of the assets of Site Services Corp. This strengthened its position in the dry bulk market and diversified operations into the liquid bulk transportation market.
AGI International, Inc. (AGI), headquartered in Indianapolis, Indiana, was founded in 2003, by E. Jerome Agnew. AGI provides domestic sourcing, global sourcing, contract manufacturing & assembly, warehousing and distribution, supply chain risk mitigation, material cost improvement, and product development for U.S. based companies and key automotive and industrial customers.
AGI continues to strengthen its commercial division, providing quality services in supply chain management, and transportation & logistics. AGI is a certified DBE in AZ, CA, GA, IN and OR. AGI is also a Service-Disabled Veteran Owned Small Business Enterprise (SDVOBE).
Generational Group Executive Managing Director, M&A-Technology Practice Leader, David Fergusson, and his team, led by Managing Director, M&A, Barry DeWitt, with the support of Vice President of M&A, Emil Nirkis, successfully closed the transaction. Senior Managing Director James Carr established the initial relationship with AMS.
“AMS has significant expertise and experience in large-and-small scale regional projects. The Company has built a solid reputation for competitive pricing and on-time delivery for its projects, which is in line with AGl’s core values. This acquisition gives AGI a strong presence in the Georgia and North Florida market,” said DeWitt.
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.