financetom
Business
financetom
/
Business
/
Generational Group Advises Harness Creek Enterprises, Inc. dba Drive Systems in its Sale to a Private Buyer
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Generational Group Advises Harness Creek Enterprises, Inc. dba Drive Systems in its Sale to a Private Buyer
Mar 10, 2026 8:20 PM

DALLAS--(BUSINESS WIRE)--

Generational Group, a leading mergers and acquisitions advisory firm for privately held businesses, is pleased to announce the sale of Harness Creek Enterprises, Inc. dba Drive Systems to a Private Buyer. The acquisition closed September 9, 2025.

Headquartered in Decatur, Alabama, Drive Systems is a full service industrial maintenance, repair, and operations provider founded in 1975, serving North Alabama and Central Tennessee. The company offers a wide range of products including bearings, sprockets, motors, controls, conveyors, belts, hoses, hydraulics, and pneumatics, along with general MRO supplies. It also provides services such as component rebuilding, machinery refurbishing and retrofitting, hydraulic hose fabrication, machinery automation, and integrated supply solutions. Drive Systems is dedicated to helping manufacturers extend equipment life, lower operating costs, and improve production efficiency.

Generational Group Executive Managing Director, M&A, Central Region – Michael Goss, and his team led by Senior Vice President, M&A, Andre Farahmandi, with the support of Vice President, M&A, Brennon Dunbar successfully closed the deal. Senior Managing Director, Terry Stidham and Senior M&A Advisor, Maria Sutej established the initial relationship with Harness Creek Enterprises, Inc. dba Drive Systems.

Ryan Binkley, CEO of Generational Group, stated, “This transaction highlights our commitment to building meaningful partnerships that create lasting impact. We’re proud to bring together two organizations with shared goals and the momentum to succeed as one.”

About Generational Group

Generational Group, headquartered in Dallas, TX, is a leading, award winning full-service M&A advisory firm. Generational has over 300 professionals across 16 offices in North America. The firm empowers business owners to unlock the full value of their companies through a comprehensive suite of services—including strategic growth consulting, exit planning education, business valuation, value enhancement strategies, M&A advisory, digital solutions, and wealth management.

Celebrating its 20th year, Generational has successfully closed over 1,700 transactions and has ranked #1 or #2 in all LSEG league tables for deals valued between $25 million and $1 billion in 2022, 2023, and 2024.

The firm was named 2024 USA Investment Banking Firm of the Year by the Global M&A Network and recognized as Investment Banking Firm of the Year by The M&A Advisor in both 2024 and 2022.

Source: Generational Group

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Lululemon Fiscal First-Quarter Earnings May Miss Views, Oppenheimer Says
Lululemon Fiscal First-Quarter Earnings May Miss Views, Oppenheimer Says
Jun 4, 2024
02:36 PM EDT, 06/04/2024 (MT Newswires) -- Lululemon Athletica ( LULU ) may miss fiscal first-quarter earnings expectations on Wednesday, though trends have stabilized and the stock has already absorbed much of the near-term impact, according to Oppenheimer. The brokerage on Tuesday reiterated its earnings per share target of $2.35 that suggests a 3% year-over-year gain from $2.28 the year...
Market Chatter: Shopify Shareholders Approve Exec Pay Plan, Proxy Advisers Urged Rejection
Market Chatter: Shopify Shareholders Approve Exec Pay Plan, Proxy Advisers Urged Rejection
Jun 4, 2024
02:38 PM EDT, 06/04/2024 (MT Newswires) -- Shopify Inc. ( SHOP ) shareholders have approved the e-commerce giant's compensation plan for executives, The Canadian Press is reporting Tuesday. It noted prominent proxy advisers Institutional Shareholder Services and Glass Lewis recommended shareholders vote against the plan, which could see the company hand out millions in salaries and share- and option-based awards...
Databricks to buy data management firm Tabular for over $1 bln
Databricks to buy data management firm Tabular for over $1 bln
Jun 4, 2024
June 4 (Reuters) - Databricks said on Tuesday it would buy data-management startup Tabular for more than $1 billion, as the privately held analytics platform looks to attract customers by helping them develop custom artificial intelligence (AI) applications. The announcement comes at a time when companies are doubling down efforts to build an ecosystem for clients to use open-source AI...
What's Going On With Uber Technologies Shares Tuesday?
What's Going On With Uber Technologies Shares Tuesday?
Jun 4, 2024
Uber Technologies, Inc. ( UBER ) stock is trading higher. The company and Albertsons Companies ( ACI ) on Tuesday announced joint plans to continue to work to fight food insecurity and reduce food waste. The Details: Albertsons ( ACI ) and Uber ( UBER ) announced a food rescue initiative as part of the 2024 White House Challenge to End...
Copyright 2023-2026 - www.financetom.com All Rights Reserved