Generational Equity, a leading mergers and acquisitions advisor for privately-held, middle-market businesses, is pleased to announce the acquisition of its client, Data Devices International, Inc., (DDI) headquartered in San Marino, California, by its Existing Management.
The acquisition closed on November 18, 2014. DDI is a leader in the media maintenance industry with over 37 years of experience in the magnetic media and data security business. DDI is located in the Los Angeles metro area and has been in business for over 40 years. The company operates as a wholesale distributor and has one of the broadest product lines of data security and media destruction products available, including shredders, destroyers, hard drive duplicators, degaussers and a variety of other items. To learn more, visit www.datadev.com.
Managing Director Doug Smith and his team, including affiliate Cole Preston and Vice President Lori Galloway, led the Generational Equity deal team that assisted DDI on its buyout. Cole Preston stated, "DDI is in very good hands with existing management's extensive tenure and experience in the industry. The previously family-owned company is pleased that the founder's legacy will be continued into the future for many years to come."
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