By Generational EquityMar 20, 2020, 05:00 et
Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, Advanced Business Systems, LLC, to Stoneridge Software. The acquisition was effective as of February 1, 2020 and details were not disclosed.
Advanced Business Systems, LLC, (ABS) based in Austin, TX and Metairie, LA, has helped customers modernize their ERP and CRM technologies to become more efficient and profitable since 1999. The Company is a Gold Microsoft Partner that has delivered Microsoft products to small and medium businesses (SMB) to improve productivity, decrease costs, and increase revenue.
Founded in 2012, Stoneridge Software is the largest Microsoft Gold ERP & CRM Partner in the upper Midwest, with offices in Barnesville and Minneapolis, MN and Fargo, ND. As a business technology firm with specialties in Microsoft Dynamics 365, Dynamics AX, Dynamics NAV, and Dynamics CRM, Stoneridge focuses on attracting the most knowledgeable experts in the field to provide stellar solutions that deliver maximum business impact.
Generational Equity Executive Managing Director of M&A – Central Region, Michael Goss, and his team, led by Senior Vice President Mergers & Acquisitions Chris Gain, and assisted by Vice President Mergers & Acquisitions Andre Farahmandi, successfully closed the deal. Senior Managing Director Thomas Hamm established the initial relationship with Advanced Business Systems.
“ABS is a client-centric organization that was seeking a partner who would enable it to offer a more comprehensive suite of business solutions,” said Gain. “It was apparent from the first meeting that the two companies shared strikingly similar cultures and a passion for helping clients.”
About Generational Equity
Generational Equity, Generational Capital Markets (member FINRA/SIPC), Generational Wealth Advisors, and DealForce are part of the Generational Group, which is headquartered in Dallas and is one of the leading M&A advisory firms in North America.
With over 250 professionals located throughout North America, the companies help business owners release the wealth of their business by providing merger, acquisition, and wealth management services. Their five-step approach features exit planning education, business valuation, value enhancement strategies, M&A transactional services, and wealth management.
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