Generational Capital Markets Advises Ponder Enterprises in Sale to Phase Three Star

Capital Markets
, Member FINRA/SIPC and a leading mergers and
acquisitions advisor for privately held businesses, is pleased to
announce the sale of its client, Ponder Enterprises Inc. and Ponder
Brothers LLC, to Phase Three Star LLC. The acquisition closed December
26, 2018.

Ponder Enterprises Inc. and Ponder Brothers LLC, headquartered in a
Donaldsonville, Georgia, operate 38 Hardee’s restaurant locations
throughout Georgia, northern Florida and Alabama. Brothers Dan and
Ernest Ponder founded the company in 1983 and each had 25 years of
franchise restaurant business experience.

The buyer, Phase Three Star LLC, is the largest Hardee’s franchisee in
Florida. Based in Tampa, Phase Three is also a Wingstop franchisee.

Generational Capital Markets Managing Director Chris Heckert, with
support from VP Julio Dominguez, successfully closed the deal.
Generational Equity Senior Managing Director Joe Van Voorhis established
the initial relationship with Ponder.

“This was an exciting acquisition to be a part of,” said Heckert. “Both
groups were well-known leaders in the QSR space and the combination will
make for a significant player in the industry and region.”

About Generational Capital, LLC

Generational Capital, LLC, is a Dallas, Texas-based merger and
acquisition advisory firm. Generational Capital wholly owns Generational
Capital Markets, Inc
., Member FINRA/SIPC. More information can be
found at

Generational Capital and Generational Capital Markets are part of the Generational
 and are affiliated with Generational
Equity, LLC
, which The M&A Advisor named Investment Banking Firm of
the Year in 2016, 2017, and 2018.

GCM’s most recent awards include The M&A Advisor’s 2018 International
Deal of the Year Awards in the professional services,
corporate/strategic and private equity categories.


Carl Doerksen

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