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Generational Equity Announces Sale of Ohio-Based CETCON, Inc. to Beacon Enterprise Solutions Group, Inc.
(Market Wire Via Acquire Media NewsEdge) DALLAS, TX -- (MARKET WIRE) -- 05/01/09 --
Generational Equity, an advisor to privately
held and family-owned businesses for mergers, acquisitions, and strategic
growth initiatives, announced the sale of its client CETCON Incorporated,
an Ohio-based engineering firm specializing in technology-related
engineering projects, to Beacon Enterprise Solutions Group, Inc., a
technology and telecommunications provider headquartered in Louisville, Ky.
"This transaction resulted in a strategic fit that will facilitate the
growth and success of the businesses in the future," said Doug Smith,
Generational Equity managing director in the transaction.
Headquartered in Cincinnati, Ohio, CETCON, Inc. designs and implements
communications systems for high-profile companies around the world. Beacon
Solutions is a leading provider of technology and telecommunications
services, providing support from software development and infrastructure
design to interconnect voice/data and systems integration.
"The acquisition of CETCON adds a very important element in delivering
complete solutions to our clients. Their engineering expertise and solid
reputation in the industry were keys factors in our decision," said Bruce
Widener, chairman and CEO of Beacon Enterprise Solutions Group, Inc. "We
are confident that this new relationship will prove successful for all
parties."
"We built our business from the ground up so it was important that we find
the right buyer who would continue with parallel business objectives," said
Ken Kerr of CETCON. "Beacon presented us with a great opportunity and we
feel CETCON will be a perfect addition to their portfolio."
About Generational Equity
Generational Equity is one of the nation's leading middle-market mergers
and acquisitions companies, providing private business owners with the
information and expertise they require to exit their business successfully.
A unique, four-phase approach that includes education, financial analysis
and reporting, sales documentation and deal-making ability combine 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 has more than 300 professionals and affiliates
nationwide and is headquartered in Dallas, with affiliate offices in New
York, Chicago and Irvine, Calif. For more information, contact Generational
Equity at 877-213-1792 or info-us@genequityco.com, or visit
www.genequityco.com.
About Beacon Enterprise Solutions Group, Inc.
Headquartered in Louisville, Ky., Beacon Solutions was formed by the merger
of four independently successful companies in the IT and telecom service
sectors. These organizations came together to create a unique, fully
integrated, single source IT/telecom company. Today, Beacon Solutions is a
leading provider of technology and telecommunications services, from
software development and infrastructure design to interconnect voice/data
and systems integration.
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John Paser
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