Date
Jun 2018
Region
Illinois
A private investor acquired Generational Equity client Poepping, Stone, Bach & Associates Inc. on June 4, 2018.
Poepping, Stone, Bach & Associates (PSBA) is a full-service architecture and engineering firm dedicated to making the community a more functional and desirable place to work.
PSBA’s experienced staff performs new building design, provides rehabilitation and renovation to existing buildings, and restores and preserves historic buildings. Other services provided include surveying, geographic information system (GIS) services, and highway, utility and land use planning.
The company is based in Quincy, Illinois, and also has offices in Keokuk, Iowa, and Hannibal, Missouri. PSBA President Michael Purol will stay in his position and continue to run the company.
The private investor is in a similar line of business and is interested in building PSBA through additional acquisitions.
Generational Equity Senior Managing Director Doug Smith’s team, lead by Managing Director Jerry Yocum with support from Managing Director Musa Jagne, successfully closed the deal.
“This was a very good fit from a cultural standpoint. The buyer has an engineering background and was close to the PSBA location,” said Yocum.
“The transaction including retaining all the staff with the founder transitioning to retirement in the near future.”
Generational Equity has extensive experience in managing transactions in the construction industry, helping middle market business owners in this field navigate the M&A process and achieve an optimal value for their company at exit.
If you’d like to learn more about our expertise in this sector, visit our dedicated Construction & Engineering page.
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