Generational Equity Announces the Acquisition of Caneyville Milling Company, Inc. by B&D Feed & Seed, LLC
DALLAS, Oct. 20, 2011 /PRNewswire/ — Generational Equity, a leading mergers and
acquisition advisor for privately held and family-owned businesses, is pleased
to announce the sale of its client, Caneyville Milling Company, Inc.,
headquartered in Caneyville, Kentucky, to B&D Feed & Seed, LLC, headquartered in
Westfield, Indiana. The transaction closed on July 29, 2011.
Caneyville Milling Company, Inc. (CMC) was founded in 1962, and was acquired by
Hank Gibson in February 2009, from a member of the founding family. The Company
is a leading provider of large volumes of bulk and bag feed mixed at the mill,
in addition to a fully-stocked inventory of farm and feed supply items. CMC’s
growth and success have been driven by the Company’s outstanding reputation for
providing high-quality feed and farm supplies, delivery capabilities, and strong
commitment to customer support.
Managing Director, Doug Smith and Vice President, Michael Goss, led the
Generational Equity deal team that advised Caneyville Milling Company on the
transaction. “This transaction satisfied Hank’s desire to exit his investment in
a timely manner at a valuation and terms perfectly amicable to both parties. It
also provides the buyer with a solid cash-flow business that should benefit
further by the synergies their organization will bring to the table,” said
Michael Goss.
B&D Feed & Seed, LLC is a holding company created for this transaction by Bill
Haubner and Dennis Tauchen, the owners of Direct Enterprises, Inc., also
headquartered in Westfield, Indiana, which specializes in the sale of sweet
corn, alfalfa, seed enhancements, and other agricultural related products and
commodities.
About Generational Equity
Generational Equity provides mergers, acquisitions, strategic growth advisory
services, and information for privately held and family-owned businesses to exit
their business successfully. Generational Equity uses a four-phase approach that
includes education, financial analysis and reporting, sales documentation and
deal-making ability to offer business owners an unparalleled level of commitment
and experience, all focused on helping to release the generational equity and
wealth in every business. Generational Equity is headquartered in Dallas, TX,
and has more than 200 professionals. For more information visit the following
websites at www.genequityco.com, www.gecpress.com, or
http://blog.genequityco.com/.
For more information:
Rebecca Gruman
972-232-1100
communications@genequityco.com
SOURCE Generational Equity















