We are pleased to announce the sale of our client, Patio Products Manufacturing, to Pursuant Capital. The acquisition closed June 14, 2019, and details were not disclosed.
Patio Products Manufacturing, located in Tampa, Florida, is among the largest manufacturers in durable, high-quality aluminum screen doors and accessories. Established in 1991 by Larry Stephens and Lynda McClure, the company has continued to grow and successfully branch out, covering 5 states in the southeastern region.
With more than 80 years of industry experience, the company’s focus has always been on high-quality aluminum building products, and their team of technically trained professionals allows them to assist our customers in their ability to complete projects of any scope and size successfully, efficiently, and on time.
Pursuant Capital, located in Tampa, Florida, is a privately-financed search fund in pursuit of profitable small businesses to buy and operate for the long-term. They search for, acquire and operate profitable small businesses in West Central Florida. They work with business owners to transition their legacies to the next generation.
With their permanent private capital, they operate without artificial time constraints or pressures. They focus on long-term growth and operational improvements for the benefit of all stakeholders. They partner with entrepreneurs that they trust and with businesses that are a good "fit" for all parties.
Generational Equity Executive Managing Director Mergers & Acquisitions, David Fergusson, and his team, led by Senior M&A Advisor Mario Dieckmann, with support from Vice President Mergers & Acquisitions Alex Mironov, successfully closed the deal. Executive Managing Director Edward Weber established the initial relationship with Patio Products.
"To find a suitable and qualified buyer for a business relying heavily on the construction industry is never easy," said Mario Dieckmann.
"However, an excellent match was found and both sides are very happy with the results."
If you would like to learn more about our history supporting clients in this industry secure an optimal exit, visit our dedicated Manufacturing page.
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