Generational Group, a leading mergers and acquisitions advisory firm for privately held businesses, is pleased to announce the sale of S&G Resources, Inc., a Massachusetts-based supplier and distributor of hydrocolloids and specialty chemicals, to CGS Partners, an investment firm focused on acquiring and investing in main street businesses. The acquisition closed on September 30, 2026.

Headquartered in Medfield, Massachusetts, S&G Resources, Inc. is a supplier and distributor of hydrocolloids and specialty chemicals serving customers across North America. Since 1985, the company has worked with Fortune 500 companies, niche manufacturers, producers, and distributors across a range of industries, providing materials and sourcing support tailored to their production and purchasing needs. Its product portfolio includes:

  • Gums and stabilizers for a variety of applications

  • Specialty chemicals and materials for production and product development

  • Ingredients and materials supporting food and baking applications

  • Materials used in medical, pharmaceutical, cosmetic, and industrial applications

With global sourcing capabilities, manufacturer relationships, and strategically located warehousing facilities, S&G Resources provides dependable distribution across the United States while maintaining a personalized approach to customer service.

Based in Chicago, Illinois, CGS Partners acquires and invests in main street businesses, partnering with founders and owners seeking a thoughtful transition. The firm works to preserve the legacy of the businesses it acquires while providing the capital and operational support needed to pursue long-term growth and success. Its approach is centered on:

  • Leading with purpose and a hyper-focus on unit economics

  • Identifying and pursuing actionable growth opportunities

  • Adopting enabling technology to strengthen business operations

  • Optimizing and streamlining core processes

Through this approach, CGS Partners seeks to support sustainable growth while maintaining the strengths and legacy that have helped its portfolio companies succeed.

Generational Group Executive Managing Director, M&A, Eastern Region – David Fergusson, and his team, led by Generational Affiliate, Jeff Carignan with the support of Managing Director, M&A, Corey Painter successfully closed the deal. Senior M&A Advisor, Jerry Schram established the initial relationship with S&G Resources, Inc.

“This deal is a remarkable match between a well-established company and a buyer uniquely suited to guide the company toward a prosperous future,” said Jeff Carignan, Generational Affiliate.

Ryan Binkley, CEO of Generational Group, stated, “This transaction represents an exciting next chapter for S&G Resources. The company has built a strong platform in its market, and we’re pleased to have helped bring together a buyer that recognizes the opportunity ahead. We look forward to seeing what S&G Resources accomplishes under its new ownership.”

About Generational Group

Generational Group, headquartered in Dallas, TX, is a leading, award winning full-service M&A advisory firm. Generational has over 350 professionals across 17 offices in North America. The firm empowers business owners to unlock the full value of their companies through a comprehensive suite of services—including M&A advisory, exit planning education, business valuation, strategic growth advisory, wealth advisory, and digital solutions.

Celebrating its 21st year, Generational has successfully closed over 1,900 transactions and has ranked #1 or #2 in all LSEG league tables for deals valued between $25 million and $1 billion in 2024 and 2025.

The firm was named 2025 USA Investment Banking Firm of the Year by the Global M&A Network and recognized as Investment Banking Firm of the Year by The M&A Advisor in 2024 and 2025.

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