Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client – Poepping, Stone, Bach & Associates Inc. – to a private investor. The acquisition closed June 4, 2018.
Poepping, Stone, Bach & Associates (PSBA) is a full-service architecture and engineering firm dedicated to making the community a more functional and desirable place to work.
PSBA’s experienced staff performs new building design, provides rehabilitation and renovation to existing buildings, and restores and preserves historic buildings. Other services provided include surveying, geographic information system (GIS) services, and highway, utility and land use planning.
The company is based in Quincy, Illinois, and also has offices in Keokuk, Iowa, and Hannibal, Missouri. PSBA President Michael Purol will stay in his position and continue to run the company.
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The private investor is in a similar line of business and is interested in building PSBA through additional acquisitions.
Generational Equity Senior Managing Director Doug Smith’s team, lead by Managing Director Jerry Yocum with support from Managing Director Musa Jagne, successfully closed the deal.
“This was a very good fit from a cultural stand point. The buyer has an engineering background and was close to the PSBA location,” said Yocum. “The transaction including retaining all the staff with the founder transitioning to retirement in the near future.”