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Generational Equity Announces the Acquisition of Data Devices International, Inc., by Patty Grover, former Vice President
By Generational Equity
12/09/2014
Generational Equity, a leading mergers and acquisitions advisor for privately-held, middle-market businesses, is pleased to announce the acquisition of its client, Data Devices International, Inc., (DDI) headquartered in San Marino, California, by Patty Grover, its former Vice President. The acquisition closed on November 18, 2014.
DDI is a leader in the media maintenance industry with over 37 years of experience in the magnetic media and data security business. DDI is located in the Los Angeles metro area and has been in business for over 40 years.
The company operates as a wholesale distributor and has one of the broadest product lines of data security and media destruction products available, including shredders, destroyers, hard drive duplicators, degaussers and a variety of other items.
To learn more, visit www.datadev.com.
Managing Director Stephen Crisham and his team, including affiliate Cole Preston and Vice President Lori Galloway, led the Generational Equity deal team that assisted DDI on its buyout.
Cole Preston stated, “DDI is in very good hands with existing management’s extensive tenure and experience in the industry. The previously family-owned company is pleased that the founder’s legacy will be continued into the future for many years to come.”
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.