Generational Equity Advises Custom Components & Logistics in its Sale to HKR

By: Generational Equity via Business Wire

October 28, 2022 at 08:00 AM EDT

Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client CCL Acquisition, LLC (dba Custom Components & Logistics) to HKR. The transaction closed October 12, 2022.

Located in Catoosa, Oklahoma, Custom Components & Logistics (CC&L) manufactures quality custom stainless steel, carbon steel, and aluminum electrical enclosures and industrial control panel enclosures delivered with excellent customer service to major markets throughout the U.S. and overseas.

Additionally, the Company provides precision metal stamping, machining, tool and die and custom fabrication to customer specifications. CC&L differentiates itself in numerous ways including superior accuracy, timelines, problem-solving abilities, and customized solutions, from design to prototype to production. For over 40 years, the employees at CC&L have been dedicated to quality, innovation, and customer service, providing component parts that meet or exceed its customers’ expectations.

CC&L was majority owned by Sandy Brumley (President) with minority partners William Martinson (Non-Operating Member) and Billy Babb (Non-Operating Member). John Johnson, General Manager, who has led CC&L historically, will continue his role going forward. Mr. Johnson was the key person working with Generational Equity during this M&A process.

HKR, located in Tulsa, Oklahoma, is a holding company formed to acquired CC&L. The owners of HKR are Bob Haiges, Don Kirkland, and Fred Raschen. All three partners have established histories of entrepreneurship, investing, and owning multiple businesses.

Don Ho, Managing Director Mergers & Acquisitions with Generational Equity, was the lead deal maker on the transaction. Ho, with the support of Generational Equity Executive Managing Director of M&A – Central Region, Michael Goss, and Vice President, M&A, Jacob Mangalath successfully closed the deal. Senior Managing Director, DeWayne Nelon established the original relationship with CC&L.

“We are very pleased to be able to achieve our client’s goal of selling the business and commercial property to a buyer that shares the same values and culture with CC&L. With John Johnson leading the business, coupled with the buyers’ experience and resources, the future is incredibly bright for them,” said Mr. Ho.

Ho added, “Though CC&L has experience phenomenal growth recently, we believe the business is well positioned for accelerated growth. We’re deeply honored that Mrs. Brumley and her partners put their trust in us to represent their business and interest.”

John Johnson stated, “It comes with a great deal of respect for Generational Equity, and specifically Don Ho, for the superior level of professionalism, knowledge, skill, and expertise provided and shown throughout this process. Without Don and Generational Equity, the sales experience of Custom Components & Logistics would not have been possible and for that, we thank you!”

About Generational Equity

Generational Equity, Generational Capital Markets (member FINRA/SIPC), Generational Wealth Advisors, Generational Consulting Group, and DealForce are part of the Generational Group, which is headquartered in Dallas and is one of the leading M&A advisory firms in North America.

With more than 300 professionals located throughout 16 offices in North America, the companies help business owners release the wealth of their business by providing growth consulting, merger, acquisition, and wealth management services. Their six-step approach features strategic and tactical growth consulting, exit planning education, business valuation, value enhancement strategies, M&A transactional services, and wealth management.

The M&A Advisor named the company Investment Banking Firm of the Year three years in a row, Valuation Firm of the Year in 2020, and North American Investment Bank of the Year in 2022. For more information, visit https://www.genequityco.com/ or the Generational Equity press room.