Date
Jun 2014
Region
Massachusetts
Generational Equity, a leading mergers and acquisitions advisor for privately-held, middle-market businesses, is pleased to announce the acquisition of its client, LSR Refinishing, Inc., headquartered in Woburn, Massachusetts, by MetalStone Technologies, headquartered in Chelsea, Massachusetts. The acquisition closed on June 21, 2014.
LSR Refinishing, Inc. (LSR) provides architectural metal, stone, wood restoration and maintenance services in the New England and Mid-Atlantic states. Each client is provided with a custom maintenance program allowing LSR to schedule services weeks in advance, ensuring closely monitored workflows and follow-up reports.
LSR has continued to be the best building service company in the industry by supplying customers with the highest quality restoration and maintenance services paired with superior customer service. Managing Director Doug Smith and his team, including affiliate George Nova and Vice President Ryan Johnson, led the Generational Equity deal team that advised LSR on the transaction. George Nova stated that, "The synergies between buyer and seller were obvious." MetalStone Technologies also provides architectural metal, stone, wood restoration and maintenance services. With similar business missions, MetalStone Technologies thought to expand their expertise with the acquisition of LSR, guaranteeing only the best services to the industries served in the market. Following this transaction, the Company plans to maintain and build upon the reputations that both companies have built for their clients.
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