Generational Equity, a mergers and acquisitions advisor, recently facilitated the sale of Riechers Truck Bodies & Equipment to Coin Acceptors.
The acquisition closed April 20.
Riechers, based in Washington MO, has manufactured truck bodies since 1934. In addition to mass production, the company designs and customizes truck beds, such as stake, platform, chipper, farm and other types of beds, to meet customer specifications. It also manufacturers trailers and carries a full line of truck-body accessories.
Coin Acceptors is a 60-year-old company that provides the unattended point-of-sale industry with currency services and refrigerated vending equipment. Based in St. Louis MO, the family-owned company was seeking to diversify by investing in manufacturing businesses with metal fabricating capabilities and other processes.
“This transaction represents a very solid fit for both Coin Acceptors and the owners of Riechers – Gil, Wayne and Roland Mohesky,” said Michael Goss, Generational’s senior managing director. “The Mohesky family was looking to exit their investment and move closer to full retirement, and Gil will continue to partner with Coin Acceptors and its team to ensure a smooth and successful transition.”