Date
Apr 2019
Region
Michigan
Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, East Annrook Party Store to a Private Investor. The acquisition closed April 9, 2019 and details were not disclosed.
East Annrook Party Store, opened in 1994, and located in Lapeer, Michigan is a retailer of beer, wine, and liquor items. The buyer is an individual investor located in the same area as East Annrook Party Store.
Generational Equity Executive Managing Director of M&A - Central Region, Michael Goss and his team, led by Managing Director Jerry Yocum with support from Managing Director Ryan Johnson, successfully closed the deal. Senior Managing Director Thomas Hamm established the initial relationship with East Annrook Party Store.
“This transaction took a long time as it was an SBA transaction and the Government shutdown effected the timing, but both clients kept trying and pushing it to the finish line,” said Jerry Yocum.
“The sellers are now able to retire full-time and are happy to have the transaction complete.”
If you’d like to learn more about our work supporting clients in this industry, visit our dedicated Retail page.
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