February 23, 2023
DALLAS, December 21, 2022 - Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client Fab Weld Steel, Inc. to Pilot Point Steel, LLC, a subsidiary of Dakota Holdings II, LLC. The transaction closed December 2, 2022.
Fab Weld Steel (FWS), located in Randolph, Alabama, provides structural steel fabrication, metal deck, and bar joist services. The Company specializes in commercial and municipal works for shopping centers, office buildings, warehouses, grocery stores, hospitals, and grocery stores. FWS’ success is due to its well-known name and reputation, built from a strong work ethic, great results, and excellent customer service.
Located in Dallas, Texas, Dakota Holdings II, LLC (DHI) has been involved in acquiring and managing businesses for over 25 years. DHI strategically invests in businesses under an acquire and hold model to support economic growth in the acquired businesses geography. DHI has a team of seasoned employees and advisors that assist with the purchase transaction as well as the backend integration of DHI’s portfolio of companies to streamline the operations of each business acquired.
Generational Equity Executive Managing Director of M&A – Central Region, Michael Goss,Senior M&A Advisor, Sam Sumner, with the support of Vice President, M&A, Lance Thomasson successfully closed the deal. Senior Managing Director, Doug Morrow established the original relationship with FWS.
"The addition of Fab Weld Steel, Inc. provides Pilot Point Steel, LLC with an additional steel fabrication facility to balance geographic locations and capabilities with two steel-related holdings already in their portfolio,” said Sumner.
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 300 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, Valuation Firm of the Year in 2020, and North American Investment Bank of the Year in 2022 as well as Consulting Firm of the Year. For more information, visit https://www.genequityco.com/ or the Generational Equity press room.
For more information:
Carl Doerksen
972-342-0968
cdoerksen@generational.com