FOR IMMEDIATE RELEASE
Powhatan, VA – (December 30, 2010) Transact Capital is pleased to announce the sale of RGA, Incorporated DBA Ron Goodin & Associates, Inc. to Tampa, FL-based Falcon Affiliates, LLC. Transact Capital acted as advisor to RGA with respect to the transaction. Terms of the transaction were not disclosed.
Based in Powhatan, VA, RGA is a leading value added distributor and integrator of traffic control equipment to the Mid-Atlantic. The Company, founded in 1977, has grown to serve five jurisdictions providing customers with state of the art traffic control needs. The Company represents some of the nation’s largest equipment manufacturers including Siemens and General Electric.
“Andy Keel has done a tremendous job growing RGA to the enterprise that it is today. This is a great step for Andy, who is ready to retire from the business over the coming years. We believe Falcon fits very well as an acquirer who can take the company to the next level” comments Steve Zacharias, Managing Partner of Transact Capital.
About Ron Good and Associates, Inc (RGA)
Owned by J. Andrew Keel (“Andy”), RGA is a leading value added distributor of traffic control and intelligent transportation systems to the Mid-Atlantic. of wood, laminate, and vinyl flooring to the Mid-Atlantic. Some of its key vendor relationships include Siemens, GE Lumination, and Iteris, Inc. RGA is well know for its strong product knowledge and a great ability to guide customers through the process of designing and implementing traffic systems.
The Company is headquartered out of Powhatan, VA.
About Falcon Affiliates, LLC
Falcon Affiliates is an active private investment group providing capital and expertise to small and medium sized enterprises. Founded by William Krusen, the firm seeks to invest into businesses having steady growth prospects and defensible market share. Their industries of preference include value added distribution, light manufacturing, business services, and branded products.
Transact Capital is an independent mergers and acquisitions advisory firm headquartered in Richmond, VA with offices in Roanoke, VA, Lexington, KY, and Orlando, FL. Transact focuses on the needs of small privately held companies with less than $100 million in revenues. With extensive experience in owning, running, or investing in private companies or divisions of public companies, the firm’s principals are able to help many business owners exit their companies or explore other opportunities.
To learn more about Transact Capital, please call Steve Zacharias at 804-323-6868 ext. 102 or send an e-mail to Steve at Steve@TransactCapital.com.