Generational Equity Announces the Acquisition of First Water Systems, Inc. by HydroLogic, LLC
DALLAS, Aug. 5, 2013 /PRNewswire/ -- Generational Equity, a leading mergers and acquisitions advisor for privately-held, middle-market businesses, is pleased to announce the acquisition of its client, First Water Systems, Inc (First Water Systems), headquartered in Atlanta, Georgia by HydroLogic, LLC (HydroLogic), headquartered in Asheville, North Carolina. The transaction closed on June 30, 2013. Terms of the transaction were not disclosed.
Founded in 2005, First Water Systems is the owner of several patents and manufactures and markets a line of proprietary mobile water purification systems. All the First Water Systems products are certified to meet or exceed U.S. EPA and NSF quality requirements for both civilian and Department of Defense uses. The Company serves mid-sized markets requiring mobile water purification systems including hospitals, universities, government and non-government emergency management organizations, various branches of the US military, commercial, public health and fire protection agencies.
First Water Systems, Inc., President, Steve Flaim stated, "My brother Tom and I are very excited to be part of the HydroLogic team. With this acquisition, we see the ability to combine our present skill sets and experiences with those of Tom Barr and Gary Kabot. Together, we are looking forward to building a great company that acquires, develops and promotes water technologies around the world."
HydroLogic, was formed as a parent holding company in June of 2013 to engage in a strategic acquisition program aimed at addressing the "global water crisis" while capitalizing on the numerous opportunities presented in the global water and wastewater technology industries.
Managing Directors, Don Sawyer, VP, Julie Sandoval, and their Georgia representative, Loren Schmerler led the Generational Equity deal team that advised First Water Systems on the transaction. According to Loren Schmerler, "HydroLogic, LLC will not only be a highly profitable company within the United States, but the four principal owners have immense hearts and a desire to help third world communities suffering from a serious lack of fresh drinking water."
President & CEO, Thomas Barr and COO & CFO, Gary Kabot direct the HydroLogic Executive Management team. Tom Barr's background includes 25 years as President and CEO in the water treatment and the water-based environmental testing industry. Gary Kabot has spent the last 32 years dedicated to implementing strategic acquisition programs in a variety of industries. Together, Barr and Kabot have multiple years experience in various industries with accomplishments that include building companies through both organic growth and the development and implementation of strategic acquisition programs. In addition to overseeing the day-to-day operations of First Water Systems, the founders, Steve and Tom Flaim, will also actively participate in the leadership of HydroLogic.
About Generational Equity
Generational Equity provides mergers, acquisitions, strategic growth advisory services, and information for privately held and family-owned businesses to exit their business successfully. Generational Equity uses a four-phase approach that includes education, financial analysis and reporting, sales documentation and deal-making ability to offer business owners an unparalleled level of commitment and experience, all focused on helping to release the generational equity and wealth in every business. Generational Equity is headquartered in Dallas, TX, has more than 200 professionals in North America, and was recently recognized by the M&A Advisor as the M&A Consulting/Advisory service firm of the year. For more information visit the following websites at www.genequityco.com, www.gecpress.com or http://blog.genequityco.com/.
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