Generational Group Advises Chariho Furniture in Its Sale to Teamshares
02 Octubre 2024 - 2:33PM
Business Wire
Generational Group, a leading mergers and acquisitions advisory
firm for privately held businesses, is pleased to announce the sale
of its client, Chariho Furniture, to Teamshares. The acquisition
closed September 1, 2024.
Located in Richmond, Rhode Island, Chariho Furniture, is a
family-owned business offering high-quality American-made furniture
since 1987. Specializing in handcrafted wood furniture, they are
dedicated to providing durable, customizable pieces with a focus on
superior craftsmanship. Their collection includes living room,
dining room, bedroom, and office furniture, with options for custom
designs to meet customers’ specific needs. Known for excellent
customer service, Chariho Furniture is committed to helping clients
create beautiful and lasting spaces.
Teamshares, a company that helps small businesses become
employee-owned, is a national company that has helped more than 90
businesses across 30+ states and 40 industries become
employee-owned. By acquiring businesses from retiring owners,
Teamshares empowers employees to become shareholders while
providing ongoing financial education and support. The company’s
goal is to create sustainable, employee-owned businesses that
benefit both the former owners and the new workforce, fostering
long-term success and wealth generation. Through its innovative
model, Teamshares is helping to reshape the future of small
business ownership in America.
Generational Group Executive Managing Director of M&A –
Eastern Region, David Fergusson, and his team, led by Generational
Affiliate, Jeff Carignan, with the support of Managing Director,
M&A, Corey Painter, closed the deal. Senior Managing Director,
Ashok Tandon, and Chief Marketing Officer, David Ohrvall,
established the initial relationship with Chariho Furniture.
Ryan Binkley, CEO of Generational Group, added, "This
transaction highlights our commitment to facilitating deals that
create lasting value for both parties. At Generational Group, we
are proud to have played a role in bringing together two
organizations poised for continued success."
About Generational Group
Generational Group, headquartered in Dallas, is a leading,
award-winning, full-service business advisory firm. With more than
350 professionals located throughout 17 offices in North America,
the company helps business owners release their business’ wealth by
providing growth consulting, merger, acquisition, and wealth
management services. The Generational suite of advisory services
includes strategic growth consulting, exit planning education,
business valuation, value enhancement strategies, M&A services,
digital services, and wealth management. For more information visit
generational.com.
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Jenna Gaston 469-694-8764 jgaston@generational.com