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SOURCE Generational Equity
DALLAS, Dec. 19, 2013 /PRNewswire/ -- Generational Equity, a leading mergers and acquisitions advisor for privately-held, middle-market businesses, is pleased to announce the acquisition of its client, The Big Easy Tobacco Company, headquartered in Suffern, New York, by Michael Giordano, the President of Quality Importers Trading Company, headquartered in Weston, Florida. The acquisition closed on October 29, 2013.
Established in 1994, Harbour Bay, Inc./The Big Easy Tobacco Company wholesales and distributes a diverse selection of smoking accessories including cigar ashtrays, cutters, travel cases, humidors, humidification devices, lighters, pipes, flasks, hookahs and MYO cigarette products. "I am happy to have Mike acquire Big Easy and am confident that my customers will receive excellent service and support," says Rich Fleming, President of Harbour Bay/Big Easy Tobacco Company.
Managing Director Douglas Smith and Musa Jagne, along with their affiliate George Nova, led the Generational Equity deal team that advised The Big Easy Tobacco Company on the transaction.
Quality Importers' distribution center in Weston will continue to transact business as its own separate entity. Circulation of its 90-page catalog on a quarterly basis is sent to over 5,000 retail tobacconists nationwide. "Through consolidation of our resources, we have the ability to incorporate many of the industry's boutique cigars and pipe tobaccos into Big Easy's distribution channel, while also having access to Quality Import's family of cigar and accessory brands," states Giordano. "Ultimately it enables us to deliver the most value to retailers worldwide."
About Generational Equity
Generational Equity provides mergers, acquisitions, strategic growth advisory services, and information for privately held and family-owned businesses to exit their companies successfully. Generational Equity uses a four-phase approach that includes education, financial analysis and reporting, sales documentation and deal-making ability to offer business owners an unparalleled level of commitment and experience, all focused on helping to release the generational equity and wealth in every business. Generational Equity is headquartered in Dallas, TX, has more than 200 professionals in North America, and was recently recognized by the M&A Advisor as the M&A Consulting/Advisory service firm of the year. For more information visit the following websites at www.genequityco.com, www.gecpress.com or http://blog.genequityco.com/.
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