DALLAS — Generational Group, a leading mergers and acquisitions advisory firm for privately held businesses, is pleased to announce the sale of its client Icing on the Cake, Inc. to a Private Investor. The acquisition closed April 19, 2024.
Located in Los Gatos, California, Icing on the Cake (IOTC), is an ultra-premium, made-from-scratch retail dessert bakery, including sale of gifts, greeting cards and seasonal merchandise. With nearly 40 years in the market, IOTC holds a dominant market share, and is a beloved and iconic local institution and a regional destination thanks to its considerable brand equity and appeal of its carefully curated social media presence.
Generational Group Executive Managing Director, M&A – Western Region, Lori Galloway, and her team led by Senior Vice President, M&A, Amy Wall closed the transaction. Executive Managing Director, Tom Braun established the initial relationship with Icing on the Cake.
“Icing on the Cake is a beloved business in Los Gatos, built by Lynn over three decades. The community is thrilled that the business will continue on,” said Wall.
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 the wealth of their business 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 https://generational.com/
