By Generational EquityJan 12, 2022, 08:00 et
Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client Pioneer Industries, LLC (dba Pioneer Truss Company and Pioneer Home Center) to Ambassador Supply. The acquisition closed December 20, 2021.
Pioneer, located in Owensville, Missouri, is a leading truss manufacturer, home retail center, and equipment rental provider. In operation since 1995, the Company has established strong market share within the geographic region along with a diversified network of customers.
The Company is dedicated to providing outstanding service, fast turnaround times (on quotes, service, and product delivery), along with reliable quality. Pioneer is Truss Plate Institute (TPI) certified and maintains internal quality monitoring systems. The Company’s skilled crews utilize the most modern computer-driven saws and state of the art laser projection systems to ensure accuracy and quality that is repeatable from day to day and job to job. Pioneer also offers an extensive product list at the Company’s home center, which is complemented by a rental division.
Ambassador Supply is located in Fort Wayne, Indiana. The firm’s president and chief executive officer, Brad Crawford, stated, “Ambassador Supply is a group of companies that focuses on providing manufactured building products, post-frame building solutions and the highest quality building materials to professional contractors within the agricultural, residential and commercial building markets.”
Crawford added, “Ambassador Supply has grown from its first acquisition in 2013 into its current state of $275 million in annual revenue and over 450 employees across multiple states.”
“After 22 years, Chris and I agreed to sign a letter of intent with the intent of selling the business known as Pioneer Industries, LLC, which includes Pioneer Home Center and Pioneer Truss,” said Matthew Lenauer on behalf of his brother and co-owner of the local hardware store and truss plant, Chris Lenauer.
Generational Equity Executive Managing Director of M&A - Central Region, Michael Goss, and his team with support from Senior Vice President, Mergers & Acquisitions, Andrew Byrd, successfully closed the deal. Senior Managing Director Joe Van Voorhis established the initial relationship with Pioneer.
“We are so excited for Chris and Matt Lenauer and Brad and the Ambassador Supply team. This transaction has been a win-win for Chris and Matt, their employees, and all other stakeholders,” said Goss.
He added, “Ambassador is a solid acquirer and operator and will provide additional growth capital to expand the business and provide additional opportunities to Chris as he continues to lead the business forward as well as the existing key managers and employees to continue their own professional development.”
About Generational Equity
Generational Equity, Generational Capital Markets (member FINRA/SIPC), Generational Wealth Advisors, Generational Consulting Group, 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 more than 250 professionals located throughout 16 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 and Valuation Firm of the Year in 2020. For more information, visit https://www.genequityco.com/ or the Generational Equity press room.
it all started with a conference.
start your story today,
speak directly with one of our senior advisors +1-972-232-1121
The information we learn from customers helps us personalize and continually improve your experience. Here are the types of information we gather.
We receive and store any information you enter on our Web site or give us in any other way. We do not sell or rent your personal information to others without your consent. We use the information we collect only for the purposes sending promotional information, enhancing the operation of our site, serving advertisements, for statistical purposes and to administer our systems. We DO NOT use third parties to provide customer service, to serve site content, to serve the advertisements you see on our site, to conduct surveys, to help administer promotional emails, or to administer drawings or contests, but reserve the right to do so in the future without advance notice.
Generational Group’s affiliates are all part of one corporate family, they work with one another and may work together to provide services to you. The sharing of your information among affiliates enables Generational Group to serve you more efficiently and makes it more convenient for you to do business with Generational Group. Generational Group is permitted by law to share information with its affiliates. All of our affiliates follow similar privacy policies.
For reasons such as improving personalization of our service, we might receive information about you from other sources and add it to our account information.
Generational Group may license the use of its intellectual property including but not limited to its name, likeness, and logo for the use of affiliated offices. Such affiliated offices may not be owned, controlled, managed, supervised or staffed by employees, officers, or agents of Generational Group. Affiliated offices may be independently owned and operated. For more information about a particular office, please contact Generational Group at its office in Dallas, Texas.
This page may contain other proprietary notices and copyright information, the terms of which must be observed and followed.
Information on this web site may contain technical inaccuracies or typographical errors. Information may be changed or updated without notice. Generational Group may also make improvements and/or changes in the products and/or the programs described in this information at any time without notice.
Generational Group does not want to receive confidential or proprietary information from you through our web site. Please note that any information or material sent to Generational Group will be deemed NOT to be confidential. By sending Generational Group any information or material, you grant Generational Group an unrestricted, irrevocable license to use, reproduce, display, perform, modify, transmit and distribute those materials or information, and you also agree that Generational Group is free to use any ideas, concepts, know-how or techniques that you send us for any purpose.
Our computer system protects personal information using advanced firewall technology.
Information Generational Group publishes on the World Wide Web may contain references or cross references to other products, programs and services that are not announced or available in your country. Such references do not imply that Generational Group intends to announce such products, programs or services in your country. Consult a Generational Group representative for information regarding the products, programs and services which may be available to you.
Generational Group makes no representations whatsoever about any other web site which you may access through this one. When you access a non-Generational Group web site, please understand that it is independent from Generational Group, and that Generational Group has no control over the content on that web site. In addition, a link to a non-Generational Group web site does not mean that Generational Group endorses or accepts any responsibility for the content, or the use, of such web site. It is up to you to take precautions to ensure that whatever you select for your use is free of such items as viruses, worms, Trojan horses and other items of a destructive nature.
IN NO EVENT WILL Generational Group BE LIABLE TO ANY PARTY OR ANY DIRECT, INDIRECT, SPECIAL OR OTHER CONSEQUENTIAL DAMAGES FOR ANY USE OF THIS WEBSITE, OR ON ANY OTHER HYPERLINKED WEBSITE, INCLUDING, WITHOUT LIMITATION, ANY LOST PROFITS, BUSINESS INTERRUPTION, LOSS OF PROGRAMS OR OTHER DATA ON YOUR INFORMATION HANDLING SYSTEM OR OTHERWISE, EVEN IF WE ARE EXPRESSLY ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.
Furthermore, all information contained within this website is the property of Generational Group.
Success, you have been added to our list.