Generational Equity Announces the Sale of Genisco Filter Corporation to HSI Sensing
DALLAS, Aug. 15, 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, Genisco Filter Corporation, headquartered in San Diego, California, by HSI Sensing (Hermetic Switch, Inc.), headquartered in Chickasha, Oklahoma. The transaction closed June 13, 2013.
Genisco's EMI/RFI filter products incorporate 64 years of design and manufacturing experience. The company designs and manufactures electromagnetic interference (EMI) filters for military/defense and industrial/commercial markets.
Deborah Sandvig, operations manager for Genisco, stated, "We're fortunate to be associated with a company as highly regarded as HSI," she says. "While we've made great strides as a small company growing our business, we've lacked the resources to develop the many ideas we have. Under HSI's energetic leadership, we feel a renewed excitement and enthusiasm to serve the EMI industry better than we ever have."
Headquartered in Chickasha, Oklahoma, HSI Sensing is the innovative leader in the engineering and precision manufacturing of custom reed switch and sensor technology. The industry experts in solving problems for customers in challenging design applications, they also precision manufacture those solutions to ensure consistent, unmatched quality.
"The company has a great reputation in their industry, and a strong, dedicated team," says Ryan Posey, HSI Sensing's vice president of operations and interim president of Genisco. "We're excited to bring our expertise and resources to the table, both financial- and knowledge-based, in order to take advantage of those growth opportunities."
Managing Director, Stephen Crisham and Vice President, Mike Meredith, led the Generational Equity deal team that advised Genisco on the transaction. According to Mike Meredith, "It was a pleasure to work on a transaction where our client's Company was a perfect strategic fit for the buyer. HSI Sensing will certainly be able to take Genisco's portfolio of products and introduce them to new markets. Our client was appreciative of the deal we were able to negotiate for him and he feels confident that Genisco will continue to prosper under the HSI Sensing umbrella."
The two companies share a common culture of strong leadership in their respective industries, a reputation for unmatched quality, and a long history of serving their customers with custom-engineered solutions. In addition, the leadership of HSI Sensing describes Genisco as having a solid foundation with tremendous opportunities for growth.
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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