Generational Equity Advises Tesco Controls in its Sale to United Flow Technologies

By Generational Equity

11/12/2021

Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client Tesco Controls, Inc. to United Flow Technologies (a holding of an affiliate of H.I.G. Capital). The transaction closed October 29, 2021.

Founded in 1970 and headquartered in Sacramento, CA, Tesco Controls (TESCO) is one of North America’s pre-eminent control system integrators focused on the water, wastewater, transportation, and renewable energy sectors. TESCO provides its customers with industry-leading power and process control systems and comprehensive services via regional offices across the continental United States and Hawaii.

United Flow Technologies (“UFT”) is a platform established to invest in the municipal and industrial water and wastewater market. H.I.G. has committed significant capital and resources to UFT to build a market-leading company through transformational acquisitions and organic growth.

H.I.G. Capital is a leading global alternative assets investment firm with over $45 billion of equity capital under management. Based in Miami, and with offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, and Atlanta in the U.S., as well as international affiliate offices in London, Hamburg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro, and São Paulo, H.I.G. specializes in providing both debt and equity capital to small and mid-sized companies, utilizing a flexible and operationally focused/value-added approach. Since its founding in 1993, H.I.G. has invested in and managed more than 300 companies worldwide. The firm’s current portfolio includes more than 100 companies with combined sales in excess of $30 billion.

Shain Thomas, CEO of TESCO, commented, “We are thrilled to enter into this new chapter with H.I.G. and UFT. We have a number of expansion opportunities ahead of us and the partnership will allow us to accelerate growth through significant investment in our team, product and service offering, R&D and geographic footprint.”

Generational Equity Executive Managing Director of M&A – Western Region, Stephen Crisham, with support from Sr. Managing Director – Western Region, Lori Galloway, closed the transaction.