Generational Equity Announces Sale of Pittman & Davis to Southern Fulfillment Services

DALLAS, TX--(Marketwire - April 30, 2009) - Generational Equity, an advisor to privately held and family-owned businesses for mergers, acquisitions, and strategic growth initiatives, today announced the sale of its client Pittman & Davis, a catalog gift food company headquartered in Harlingen, Texas, to Southern Fulfillment Services LLC, a Vero Beach, Fla.-based holding company. The value of the transaction was not disclosed.

Family-owned and operated since 1926, Pittman & Davis has specialized in providing tree-ripened fruit, specialty food items, and other catalog gifts for more than 82 years. With this acquisition, Southern Fulfillment Services adds a complementary catalog brand to its Hale Groves catalog. The combined operations will have more than 50 full-time professionals and up to 1,000 seasonal employees.

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