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Generational Group Advises Ahneman Kirby in its Sale to Fibersmith
By Generational Group
07/10/2023
Generational Group, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, Ahneman Kirby, LLC to Fibersmith Co. The acquisition closed June 5, 2023.
Ahneman Kirby (AK), located in Riverside, Connecticut, is a consulting engineering firm with core competencies in civil engineering, land surveying, and structural engineering. Its professional staff has significant expertise in the areas of GIS, hydraulics and hydrology, culvert and bridge analysis, design and inspection, construction, and civil engineering.
Located in Blooming Prairie, Minnesota, Fibersmith was founded in 2013 with a mission to expand broadband internet access to rural and historically underserved areas. Their team of experienced professionals bring innovative ideas and well-earned expertise to each project they undertake.
Fibersmith specializes in fiber network design and telecommunications grant and loan applications, focusing on providers aiming to close the digital divide in rural areas. The Company’s engineers are experts at designing and expanding a fiber network to reach customers in more communities.
Generational Equity Executive Managing Director, M&A-Technology Practice Leader, David Fergusson, Ray Palombi, a Generational Group Authorized Affiliate, with the support of Managing Director, M&A, Corey Painter, successfully closed the deal. Senior Managing Director Tom Stephens established the initial relationship with AK.
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.