Generational Group, a leading mergers and acquisitions advisory firm for privately held businesses, is pleased to announce the sale of Commercial Driver Services, Inc. to TransTech, Inc. The acquisition closed March 19, 2025.
Located in Woodford, Virginia, Commercial Driver Services, Inc. has been a leading provider of professional Commercial Driver’s License (CDL) training. With training centers in Fredericksburg, Richmond, and Roanoke, the company offers comprehensive programs for Class A and Class B CDL certifications. Its curriculum combines classroom instruction with hands-on driving experience using late-model equipment with both automatic and manual transmissions. Committed to excellence, CDS employs experienced instructors who deliver safety-focused training, preparing students for successful careers in the trucking industry.
Based in Newton, North Carolina, TransTech, Inc. is a trusted name in Commercial Driver’s License (CDL) training, offering comprehensive Class A and Class B programs across North Carolina and Georgia. With multiple training locations, the company blends classroom lessons with live driving sessions to equip individuals for careers in the trucking industry. Dedicated to quality and safety, TransTech hires seasoned instructors and utilizes state-of-the-art equipment. Through partnerships with top carriers, the company ensures graduates have strong job opportunities upon certification.
Generational Group Executive Managing Director, M&A, Eastern Region – David Fergusson, and his team led by Generational Affiliate, Dan Bernstein, with the support of Managing Director, M&A, Corey Painter successfully closed the deal. Senior Managing Director, Thomas Hamm, and Senior M&A Advisor, Dr. Michael Lorence, established the initial relationship with Commercial Driver Services, Inc.
Ryan Binkley, CEO of Generational Group, added, “At Generational Group, we are proud to facilitate such impactful transactions.”
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