DALLAS, June 14, 2016 /PRNewswire/ -- Generational Capital Markets, Inc., member FINRA/SIPC, ("GCM") an advisor to privately-held businesses for mergers & acquisitions, is pleased to announce the acquisition of its client, The Rapid Recovery Companies dba Rapid Recovery (Rapid), headquartered in Phoenix, Arizona, by A-Gas Americas (A-Gas), headquartered in Bowling Green, Ohio. The acquisition closed on May 24, 2016. Terms were not disclosed.
Rapid is the nation's leading refrigerant recovery firm in the United States, and primarily services HVAC/R (heating, ventilation, air conditioning and refrigeration) and demolition contractors through company locations as well as a network of franchises. Rapid specializes in the process of recovery, reclamation, disposition, and recycling of refrigerant for clients needing to comply with EPA guidelines and general refrigerant maintenance. To learn more, visit www.raprec.com.
Managing Director Eric Sanderson was the M&A advisor for Rapid. According to Sanderson, the sale to A-Gas will allow the Company to continue its strong growth and accelerate its plans to complete the build out of its nationwide recovery network. The sellers, Adam and Rich Dykstra, will remain with the Company. Adam commented on the deal by saying, "We sought a partner who embodied our core vision, values and culture. A-Gas' leadership team rose to the top and proved A-Gas as the clear choice."
Monte Roach, CEO and President A-Gas Americas, stated, "By adding Rapid Recovery's national reach for recovery with the A-Gas national network of distribution partners, we now have a complete model to serve our critical end users."
Founded over 20 years ago, A-Gas is headquartered in the United Kingdom and is a leading independent supplier of specialty chemicals and gases worldwide. A-Gas invests in facilities of the highest quality and standards: engineered and purpose-built to the latest technological advances. Strong partnerships has helped A-Gas provide a range of solutions to meet needs, developing new products and services with the customer in mind. To learn more, visit www.agas.com.
About Generational Capital, LLC
Generational Capital, LLC is a Dallas, TX based merger & acquisition advisory firm. Generational Capital wholly owns Generational Capital Markets, Inc., Member FINRA/SIPC. More information can be found at www.gencm.com. Generational Capital and Generational Capital Markets are affiliated with Generational Equity, LLC. Generational Equity's website is www.genequityco.com and its online newsroom can be found at www.gecpress.com or http://blog.genequityco.com. GCM's Eric Sanderson received the M&A Advisor's 2015 Financial Services Deal of the Year for transactions valued over $100 million.
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SOURCE Generational Capital Markets, Inc.