We are pleased to share the sale of our client, Eastern Business Forms, Inc., to Gen Cap America. The acquisition closed August 7, 2020 and details were not disclosed.
Located in Greenville, South Carolina, Eastern Business Forms, Inc. (EBF) is a privately-owned company with more than 50 years of experience manufacturing newborn screening devices. EBF is the exclusive provider of 903 filter paper worldwide for diagnostic use and has extensive experience in the design and manufacture of 903 diagnostic devices and procedure packs.
The company has been the exclusive manufacturer of dried blood spot collection devices for Schleicher & Shuell, Whatman, and GE Healthcare. The business was wholly owned by Steve Price and Jane Sewell.
Gen Cap America, (GCA) located in Nashville, Tennessee, and founded in 1988, is a private investment firm. GCA specializes in acquisitions and recapitalizations of middle market businesses. GCA is actively investing Southvest Fund VII, L.P., a $250 million fund which began making investments in 2016. EBF is GCA’s twelfth platform investment that they have made in Fund VII.
Generational Equity Managing Director Don Ho was the dealmaker that successfully closed the transaction. “It was a great honor and privilege for our firm to represent Eastern Business Forms in this transaction.”
“Steve Price and Jane Sewell have done a wonderful job of growing the business; and with the new owners now in place, EBF can execute its ancillary growth initiatives to rapidly grow its business, expand its product and service offering, and better serve its customers.”
“During this process, we had tremendous interest, but was fortunate enough to find the best buyer with Gen Cap America. Given Gen Cap America’s impressive track record, experience in the sector, impressive management team, and sizable resources, I expect tremendous growth and opportunities for EBF in the future.”
Mr. Ho is a senior dealmaker in Executive Managing Director Michael Goss’ Transaction Group. Chief Revenue and Strategy Officer Terry Johnson and Senior Managing Director Thomas Hamm established the initial relationship with EBF.
Mark Isaacs, Managing Director at Gen Cap America stated, “We are excited to support the team at EBF as they continue their long legacy of quality and reliability in the 903 diagnostics space. EBF for decades has been an industry leader, and we are thrilled to be partners with them as they move into the next phase of growth.”
“Additionally, it was a pleasure working with Don and the team at Generational Equity. Their professionalism in managing the process was critical to ensuring a successful result for all parties during a period of so much uncertainty.”
Newly-appointed CEO and President of EBF Brad Nelson commented on the transaction: “This was exactly the partnership we had hoped to find as we looked to transition into the next generation of management here at EBF. We’re thrilled to have brought Gen Cap on board and look forward to building on our long track record of success with the team here at EBF.”
“Don Ho and the team at Generational Equity were a valuable partner during our recent transaction. Don quickly secured interest from a number of qualified investors and was always available to offer advice and assistance when needed. I would recommend Don and his team to any business owner looking for an experienced and professional advisor during this process.”
Mr. Ho added, “This transaction was also a success due to the hard work and dedication of EBF’s legal team at Haynes and Boone, LLP, which was led by Blaine Statham, Partner, Chase Proctor, Associate, and Omar Shariff, Associate.”
“Their unique skill-sets and practical approach to problem-solving were instrumental given the complexity of this transaction. We were fortunate to work with such great professionals to get another deal closed.”
If you’d like to explore other transactions our associates have supported in this industry, visit our dedicated Consumer Services M&A Deals page.
The information we learn from customers helps us personalize and continually improve your experience. Here are the types of information we gather.
We receive and store any information you enter on our Web site or give us in any other way. We do not sell or rent your personal information to others without your consent. We use the information we collect only for the purposes sending promotional information, enhancing the operation of our site, serving advertisements, for statistical purposes and to administer our systems. We DO NOT use third parties to provide customer service, to serve site content, to serve the advertisements you see on our site, to conduct surveys, to help administer promotional emails, or to administer drawings or contests, but reserve the right to do so in the future without advance notice.
DealForce, LLC’s affiliates are all part of one corporate family, they work with one another and may work together to provide services to you. The sharing of your information among affiliates enables DealForce to serve you more efficiently and makes it more convenient for you to do business with Generational Group. DealForce is permitted by law to share information with its affiliates. All of our affiliates follow similar privacy policies.
For reasons such as improving personalization of our service, we might receive information about you from other sources and add it to our account information.
Generational Group may license the use of its intellectual property including but not limited to its name, likeness, and logo for the use of affiliated offices. Such affiliated offices may not be owned, controlled, managed, supervised or staffed by employees, officers, or agents of Generational Group. Affiliated offices may be independently owned and operated. For more information about a particular office, please contact Generational Group at its office in Dallas, Texas.
This page may contain other proprietary notices and copyright information, the terms of which must be observed and followed.
Information on this web site may contain technical inaccuracies or typographical errors. Information may be changed or updated without notice. Generational Group may also make improvements and/or changes in the products and/or the programs described in this information at any time without notice.
Generational Group does not want to receive confidential or proprietary information from you through our web site. Please note that any information or material sent to Generational Group will be deemed NOT to be confidential. By sending Generational Group any information or material, you grant Generational Group an unrestricted, irrevocable license to use, reproduce, display, perform, modify, transmit and distribute those materials or information, and you also agree that Generational Group is free to use any ideas, concepts, know-how or techniques that you send us for any purpose.
Our computer system protects personal information using advanced firewall technology.
Information Generational Group publishes on the World Wide Web may contain references or cross references to other products, programs and services that are not announced or available in your country. Such references do not imply that Generational Group intends to announce such products, programs or services in your country. Consult a Generational Group representative for information regarding the products, programs and services which may be available to you.
Generational Group makes no representations whatsoever about any other web site which you may access through this one. When you access a non-Generational Group web site, please understand that it is independent from Generational Group, and that Generational Group has no control over the content on that web site. In addition, a link to a non-Generational Group web site does not mean that Generational Group endorses or accepts any responsibility for the content, or the use, of such web site. It is up to you to take precautions to ensure that whatever you select for your use is free of such items as viruses, worms, Trojan horses and other items of a destructive nature.
IN NO EVENT WILL Generational Group BE LIABLE TO ANY PARTY OR ANY DIRECT, INDIRECT, SPECIAL OR OTHER CONSEQUENTIAL DAMAGES FOR ANY USE OF THIS WEBSITE, OR ON ANY OTHER HYPERLINKED WEBSITE, INCLUDING, WITHOUT LIMITATION, ANY LOST PROFITS, BUSINESS INTERRUPTION, LOSS OF PROGRAMS OR OTHER DATA ON YOUR INFORMATION HANDLING SYSTEM OR OTHERWISE, EVEN IF WE ARE EXPRESSLY ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.
Furthermore, all information contained within this website is the property of Generational Group.
Success, you have been added to our list.
it all started with a conference.
start your story today,
speak directly with one of our senior advisors +1-972-232-1121