Generational Group Facilitates Sale of Chariho Furniture
Generational Group Facilitates Business Transition
DALLAS--Generational Group, a leading mergers and acquisitions advisory firm focused on privately held businesses, is excited to announce its recent involvement in the sale of Chariho Furniture to Teamshares. This ambitious deal illustrates Generational Group's pivotal role in the ever-evolving landscape of business ownership and succession.
Chariho Furniture: A Journey of Craftsmanship
Based in Richmond, Chariho Furniture has been a beloved family-owned enterprise since the late 1980s. They offer an impressive range of handcrafted wooden furniture tailored to meet the diverse needs of their clientele. As a champion for high-quality American-made products, their extensive collection—with options spanning living room, dining room, bedroom, and office settings—has made them a staple for customers seeking durability and aesthetic appeal.
Chariho Furniture is synonymous with exceptional customer service, striving to ensure clients create beautiful and lasting spaces in their homes or offices. Their dedication to craftsmanship and customization showcases their commitment to quality, enabling customers to select unique designs that align with their personal tastes.
Empowering Employee Ownership with Teamshares
Teamshares, a groundbreaking company that transitions traditional businesses into employee-owned operations, has made significant strides since its inception. By acquiring firms from retiring owners, Teamshares works diligently to navigate the sometimes complex process of transferring ownership while creating a robust platform for employee participation and engagement.
This approach not only helps sustain the legacy of established businesses but also promotes long-term financial education and support for employees. Teamshares aims to empower the workforce, allowing them to become stakeholders and providing a sense of ownership that drives motivation and prosperity.
A Collaborative Effort to Ensure Success
The successful negotiation between Generational Group and both the sellers and buyers demonstrates invaluable teamwork. David Fergusson, Executive Managing Director of M&A for the Eastern Region at Generational Group, along with his adept team, including Jeff Carignan and Corey Painter, facilitated the essential conversations leading to a favorable outcome for Chariho Furniture.
Understanding the nuances of the industry, Senior Managing Director Ashok Tandon and Chief Marketing Officer David Ohrvall further developed the relationship that paved the way for this milestone. Their collective expertise assures clients that Generational Group is dedicated to creating synergies that benefit both sellers and buyers alike.
CEO Comment on the Transaction
Ryan Binkley, CEO of Generational Group, expressed pride in facilitating this transaction, stating, "This endeavor underscores our commitment to facilitating deals that yield substantial value for all parties involved. We are honored to support the integration of two dynamic organizations ready for future growth and success."
About Generational Group
Headquartered in Dallas, Generational Group stands as a full-service business advisory firm renowned for its award-winning service. With over 350 professionals strategically positioned across 17 offices in North America, the firm specializes in helping business owners realize their company’s worth through a variety of services, including growth consulting, mergers, acquisitions, and wealth management.
The extensive suite of advisory offerings from Generational Group extends beyond simple transaction facilitation. They provide invaluable services such as strategic growth consultations, exit planning resources, business valuations, and comprehensive wealth management strategies. Their holistic approach ensures each client receives personalized support suited to their unique goals.
For more insights about their services and recent achievements, visit generational.com.
Frequently Asked Questions
What is Generational Group known for?
Generational Group is known for its expertise in mergers and acquisitions, particularly with privately held businesses, and for helping owners maximize their business's value.
Who acquired Chariho Furniture?
Chariho Furniture was acquired by Teamshares, a company focused on creating employee-owned businesses.
What services does Generational Group provide?
They offer a range of services, including merger and acquisition advisory, growth consulting, business valuations, and wealth management services.
How does Teamshares benefit employees?
Teamshares empowers employees to become shareholders of the businesses they work for, promoting a sense of ownership and long-term financial education.
Where is Generational Group located?
Generational Group is headquartered in Dallas, Texas, with numerous offices throughout North America.
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