DALLAS, Oct. 7, 2014 /PRNewswire/ -- Generational Equity, a leading mergers and acquisitions advisor for privately-held, middle-market businesses, is pleased to announce the acquisition of its client Elite Treating Solutions, Ltd. (Elite), headquartered in Midland, TX, by WadeCo Specialties (a holding of Hasting Equity), headquartered in Midland, TX. The acquisition closed on September 30, 2014.
Elite is a specialist oil and gas field services provider, with a focus on providing chemical treatment services. The Company monitors oil and gas wells, and provides services related to corrosion prevention, oil and water separation, and water disposal. Founders Dwight & Kay Yarbrough established the business in 2005, and possess over 30 years of industry experience. Elite has an outstanding reputation in its regional marketplace on the basis of its focus on its technical knowledge, track record of wells serviced, and high level of service offered.
The transaction was advised by Bryan Gooden, Vice President of Generational Equity's Central Region deal team, under the oversight of Michael Goss, Managing Director. Given the high level of operational and financial synergy between Elite and WadeCo, this strong synergistic match allowed for an expeditious deal closing in under 45 days. Mr. Yarbrough has created and sold several oilfield service companies historically and strongly believes in a company maintaining high integrity post-closing. Based on WadeCo's excellent reputation in the oilfield M&A space, both parties are poised for a successful partnership going forward.
WadeCo is an oilfield production chemical company that formulates blends and distributes chemicals for oil and gas production companies to support drilling, completion and production activities throughout the Permian Basin. To learn more, visit: www.wadecospecialties.com. Hastings Equity Partners is a private equity firm focused on investing in lower, middle-market energy services and equipment businesses. Learn more at www.hastingsequity.com.
About Generational Equity
Generational Equity provides mergers, acquisitions, strategic growth advisory services, and information for privately held and family-owned businesses to exit their companies 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 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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