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Generational Equity Announces Sale of Lone Star Mfg., LLC to Texas Contract Manufacturing Group, Inc.
By Generational Equity
01/06/2015
Generational Equity, a leading mergers and acquisitions advisor for privately held middle-market businesses is pleased to announce the acquisition of its client, Lone Star Manufacturing, LLC (Lone Star), headquartered in Brenham, Texas, by Texas Contract Manufacturing Group, Inc. (TCMG), a Camwood Capital Group portfolio company. The transaction closed on December 2, 2014.
Established in 2005, Lone Star is a fast-growing high-quality machine shop with mechanical assembly capabilities. It can easily machine various metals (aluminums and stainless steels) and specializes in the machining of titanium.
It currently operates with 14 new CNC machines and employs a workforce of 13, including 8 machinists. This workforce includes personnel with vast engineering and quality (ISO 9001-2000) backgrounds.
Managing Director, Michael Goss, and Senior M&A Advisor, Tim Cook, led the Generational Equity deal team that advised Lone Star on the transaction.
According to Tim Cook, “We found a good buyer that has the vision to take this company to the next level. The owners of Lone Star retained some equity and are staying on with the new company to help with guiding the future growth and will undoubtedly reap more benefits in the future.”
“Working with the owners of Lone Star and Camwood Capital Group was a pleasure.”
Camwood Capital Group is an Austin, Texas-based boutique private equity firm focusing on the lower middle market.
Its niche as an astute, operationally focused buyer is in creating and structuring flexible transaction options and exit opportunities for smaller, privately-held companies that are many times founder or family owned, and seeing to it that the value is continually enhanced.
This involves working very closely with the companies to drive productivity, cost, and growth initiatives.
CCG’s aim is to buy good companies, partner with management, and subsequently transform them into great companies over time.
About Generational
Headquartered in Dallas, Generational is one of the leading M&A advisory firms in North America.
With more than 350 professionals located throughout 17 offices in North America, the companies help business owners release the wealth of their business by providing growth consulting, merger, acquisition, and wealth management services. Their six-step approach features strategic and tactical growth consulting, exit planning education, business valuation, value enhancement strategies, M&A transactional services, and wealth management.
The M&A Advisor named the company Investment Banking Firm of the Year three years in a row, Valuation Firm of the Year in 2020, and North American Investment Bank of the Year in 2022 as well as Consulting Firm of the Year. For more information, visit https://www.generational.com.