Oct 2024 | Texas
EnviroTech International Inc. Acquired by Florida Energy Water and Air, a portfolio company of Compass Group Equity Partners
We are pleased to announce the sale of our client, EnviroTech International Inc., to Florida Energy Water and Air (FEWA), a portfolio company of Compass Group Equity Partners. The acquisition closed October 1, 2024.
Located in Grand Prairie, Texas, EnviroTech International Inc. is a leading provider of premium water treatment solutions for the Dallas-Fort Worth area, consistently delivering innovative, high-quality water filtration and purification systems to both residential and commercial customers. As an authorized RainSoft dealer, the company specializes in water softeners and filtration systems that enhance water quality and promote healthier living environments. With a strong focus on exceptional customer service, EnviroTech International Inc. offers customized solutions tailored to meet each client’s unique water treatment needs. Backed by RainSoft’s 60+ years of industry expertise, the company is committed to providing eco-friendly and reliable water treatment solutions for homes and businesses throughout the region.
Headquartered in Orlando, Florida, Florida Energy Water and Air (FEWA) is a fully integrated sales, installation and service contractor providing water treatment systems, water heaters, HVAC, and related products to a large customer base across Florida, Georgia, and Alabama.
Compass Group Equity Partners is a St. Louis-based private equity firm with a record of success in partnering with and building lower middle-market companies. Founded in 2014, Compass Group brings a thesis-driven approach and decades of operational, financial, and strategic expertise to aid management teams in accelerating growth for long-term value creation.
Generational Capital Markets’ Senior Managing Director, M&A, Tom Staszak, with the support of Vice President, M&A, Aaron Presley successfully closed the transaction. Generational Group Senior Managing Director, DeWayne Nelon, and Senior M&A advisor, Mike Moore, established the initial relationship with EnviroTech International Inc.
Ryan Binkley, CEO of Generational Group, added, “This transaction highlights our commitment to facilitating deals that create lasting value for both parties. At Generational Group, we are proud to have played a role in bringing together two organizations poised for continued success.”
Generational can help business owners, buyers and investors to make the most of M&A opportunities. Contact our expert advisors today.