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Generational Equity Advises General Utility Construction in Sale to Young’s Communications
DALLAS–(BUSINESS WIRE)–Generational
Equity, a leading mergers and acquisitions advisor for privately
held businesses, is pleased to announce the sale of its client, General
Utility Construction, Inc. (“GUCI”), to Y-COM
Holdings, LLC, a portfolio company of Cotton Creek Capital. Founded
in 2008, GUCI specializes in aerial and underground cable and fiber
construction. The combination provides Y-COM with complementary service
capabilities, increased scale, and a strengthened presence for customers
throughout Florida.
“GUCI’s reputation for quality and customer service aligns with the
standard Y-COM has set over our 40+ years of serving clients,” said
Steve Young, President of Y-COM. “We welcome the GUCI team to the Y-COM
family and believe the combined entity’s commitment to exceptional
quality and service, coupled with our expanded footprint, will greatly
benefit our customer base.”
Y-COM will now have nine operating locations in Florida, with statewide
coverage and expanded capabilities to service its customers. Y-COM’s
combined service offerings include aerial/underground fiber
installation, fiber splicing, utilities infrastructure installation and
maintenance, and intelligent transportation solutions (“ITS”). As part
of the acquisition, GUCI will continue to be led by its current
executive and operations team.
Generational Equity Sr. Managing Director Terry Mackin with support from
Vice President Mergers & Acquisitions Mark Galovic, successfully closed
the deal. Executive Managing Director Edward Weber established the
initial relationship with General Utility Construction.
“GUCI provided Cotton Creek with the opportunity to immediately add
value to a recent platform acquisition in the space,” said Mackin. “It
is an example of what we see time and time again in the private equity
world and a perfect way for our clients to sell to a group that will
fulfill the long term goals they both envision for the company.”
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.
The M&A Advisor named the company the 2016, 2017, and 2018 Investment
Banking Firm of the Year. For more information, visit https://www.genequityco.com/
or the Generational
Equity press room.
About General Utility Construction, Inc.
Founded in 2008, General Utility Construction, Inc. is a family-owned
provider of telecommunications maintenance and construction services,
headquartered in Orlando, Florida, with additional locations in
Homosassa and Leesburg, Florida. The Company provides aerial and
underground fiber installation and fiber splicing for customers
throughout Florida. For more information, visit GUCI’s website at www.generalutility.net.
Contacts
Carl Doerksen
972-232-1125
[email protected]
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