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Completed Transactions > Construction and Engineering > Truesdell Corporation acquired by Woodlawn Partners

Truesdell Corporation acquired by Woodlawn Partners

Truesdell

Date

Feb 2017

Region

Arizona

Generational Equity announced the sale of its client, Truesdell Corporation, to Woodlawn Partners. The acquisition closed in February of 2017. Details were not disclosed.

Truesdell Corporation, based in Tempe, Arizona, is a four-decades old company outside of Phoenix that provides quality repair, restoration, strengthening, protection and maintenance of concrete structures. Their comprehensive services range from assistance with initial diagnosis to final completion.

Our firm was excited to work alongside Truesdell through their M&A journey. The company has completed more than 7,000 national and international repair projects ranging from high-rise buildings, nuclear power generating plants, airports, residential projects, water treatment facilities and a sizeable amount of public agency DOT work.

Currently operating in 26 states, Truesdell is consistently expanding into new regions due in part to its proprietary equipment, processes and expertise. Since 1995, the company has nearly doubled in size every three years under the leadership of new management. This excellent organization helped attract the interest of prospective buyers.

Woodlawn Partners, a Chicago-based private equity firm, focuses on providing succession strategies for entrepreneurial and family-owned businesses across a variety of industries. Acting as a steward and builder of the businesses it acquires, Woodlawn becomes directly involved in helping the companies achieve their long-term potential, as well as providing continued opportunities for employees and value to customers.

Additional funding was provided by Peninsula Capital Partners.

Generational Equity Managing Director Stephen Crisham and Vice President Lori Galloway successfully closed the deal. Generational Equity Senior Managing Director Thomas Braun established the initial relationship with Truesdell.

"The value of Truesdell was well recognized in the industry," said Crisham. "The management of the company melded extremely well with that of Woodlawn Partners and Peninsula Capital Partners."

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