Date
Nov 2021
Region
Texas
We are pleased to announce the sale of our client Nick Mavro & Associates, LLC (Mavro) to a Private Investor. The acquisition closed November 5, 2021.
Founded in 2010, Mavro is a wholesaler of food service equipment to retail dealers located in Carrollton, Texas. The company is highly regarded in the industry and has outstanding relationships with its customers and has an estimated 80% rate of repeat business.
The company serves retail dealers as well as end-users. The primary geographic market is Texas and Oklahoma with other markets in Alabama, New Mexico, and Arkansas.
Generational Equity Executive Managing Director of M&A – Central Region, Michael Goss, and his team, led by Senior M&A Advisor, Cory Strickland, with support from Vice President, M&A, Jacob Mangalath, successfully closed the deal. Senior Managing Director Joe Van Voorhis established the initial relationship with Mavro.
Strickland stated, “Nick Mavro & Associates is one of the best-run companies I have been privileged to work with. Founded by Nick who has the business in his blood, having grown up in his father’s food service equipment distribution business in South Africa.”
Strickland continued, “From the day I met Nick, he told me that his dream was to retire by the time he was 65. We happened to close on Nick’s 65th birthday. I wish Nick a happy retirement and the best of luck to the buyer who I know will carry forward Nick’s legacy.”
If you would like to explore other transactions our associates have supported in this industry, visit our dedicated Transportation & Distribution M&A Deals page.
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