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Press releases > Generational Equity Announces the Acquisition of Data Devices International, Inc., by Patty Grover, former Vice President

Generational Equity Announces the Acquisition of Data Devices International, Inc., by Patty Grover, former Vice President

By Generational Equity

Dec 9, 2014, 03:00 et

Data Devices

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 Equity

Generational Equity provides mergers, acquisitions, strategic growth advisory services, and information for privately held and family-owned businesses to exit their companies successfully.

Generational Equity uses a four-phase approach that includes education, financial analysis and reporting, sales documentation and deal-making ability to offer business owners an unparalleled level of commitment and experience, all focused on helping to release the generational equity and wealth in every business. 

Generational Equity is headquartered in Dallas, TX, has more than 200 professionals in North America, and was recently recognized by the M&A Advisor as the Valuation Firm of the Year.

For more information visit the following websites at www.genequityco.com or www.gecpress.com.

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