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Generational Group Sells Ace Controls, LLC to Blackford Capital, LLC
By Generational Group
02/04/2025
Generational Group, a leading mergers and acquisitions advisory firm for privately held businesses, is pleased to announce the sale of Ace Controls, to Blackford Capital’s Industrial Automation Platform, PACIV. The acquisition closed January 16, 2025.
Located in Houston, Texas, Ace Controls is a trusted provider of custom industrial control panels founded in 2005 by Agmed Aguirre. With over 30 years of combined managerial experience, the company specializes in designing, manufacturing, and servicing reliable, cost-effective solutions for the water, wastewater, and oil and gas industries. These industries will be a strong complement to the PACIV platform’s focus on healthcare and life science industries, and will expand PACIV’s geographic reach to Texas.
Serving manufacturers of process equipment such as pumps, compressors, and mixers, Ace Controls is committed to delivering world-class products and services with a 95% rate of repeat business. The company combines value-added services with expert technical support to meet clients’ needs efficiently and effectively.
Based in Grand Rapids, Michigan, Blackford Capital is a private equity firm specializing in majority buyout acquisitions. The firm focuses on founder- and family-owned businesses in the lower middle-market and growing middle-market sectors, particularly in the manufacturing, industrial and distribution industries.
Founded in 2010, Blackford Capital takes a hands-on approach, offering structured board involvement in its portfolio companies. Blackford Capital targets investments in companies across the United States, with an emphasis on the Midwest, as well as select opportunities in Canada and Asia.
Generational Group Executive Managing Director, M&A – Michael Goss, and his team led by Senior Vice President, M&A, Jacob Mangalath with the support of Vice President, M&A, Brennon Dunbar, successfully closed the deal. Senior Managing Director, Bill Kushnir and Senior M&A Advisor, Peter Stone established the initial relationship with Ace Controls.
Ryan Binkley, CEO of Generational Group, added, “At Generational Group, we are proud to facilitate such impactful transactions.”
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 consistently ranks #1 or #2 in all LSEG league tables for deals valued between $25 million and $500 million.
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.