Douglas Machines has sold to Gen Cap America
Lincat Group, plc, Lincoln, Lincolnshire, U. K. has sold its Douglas Machines Corporation subsidiary to GenCap America.
Lincat Group, plc, whose shares trade on the London Stock Exchange, manufactures kitchen, bar and food processing equipment.
Douglas Machines Corporation of Clearwater, Florida is the U. S. market leader in design and manufacture of washing and sanitizing equipment for bakeries and other food related industries.
GenCap America, of Nashville, Tennessee, is a private investment specializing in the acquisition, in conjunction with management, of leading middle market businesses.
The Trans Action Group, now part of EdgePoint Capital Advisors, working with Cavendish Corporate Finance of London, initiated this transaction and acted as financial advisors to Lincat Group.