Generational Group, a leading mergers and acquisitions advisory firm for privately held businesses, is pleased to announce the sale of its client's four Virginia menswear stores and the prior sale of its North Carolina store, Pesco Clothing, inc. dba Philip Michael Fashion for Men to a Private Investor. The acquisition closed December 31, 2024.

Generational Group, a leading mergers and acquisitions advisory firm for privately held businesses, is pleased to announce the sale of its client’s four Virginia menswear stores and the prior sale of its North Carolina store, Pesco Clothing, inc. dba Philip Michael Fashion for Men to a Private Investor. The acquisition closed December 31, 2024.

Generational Group Executive Managing Director, M&A, Eastern Region – David Fergusson, and his team led by Generational Affiliate, Bobby Blumenfeld with the support of Vice President, M&A, Emil Nirkis successfully closed the deal. Executive Managing Director and Group Leader, Randy Kamin and Senior M&A Advisor, Dave Heymann established the initial relationship with Pesco Clothing, inc. dba Philip Michael Fashion for Men.

Ryan Binkley, CEO of Generational Group, added, “At Generational Group, we are proud to facilitate such impactful transactions.”