Generational Capital Markets Advises J-TEC Associates in its Sale to Rayser Holdings

By Capital Markets

01/13/2021

Generational Capital Markets, Member FINRA/SIPC and a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, J-TEC Associates, Inc., to Rayser Holdings, Inc. The acquisition closed December 31, 2020 and details were not disclosed.

J-TEC Associates, Inc. (J-TEC), located in Cedar Rapids, Iowa, has been providing vortex flow meters and sensors for automotive, military, industrial, and mining applications since 1968. J-TEC produces flow meters for internal combustion engine air-intake and crankcase blow-by flow measurement, along with a very specialized flow sensor used on military ground vehicles for accuracy of the large weapon systems.

The Company became notable for developing and perfecting the detection of vortex shedding through ultrasonic sensing. Their first development efforts resulted in a technique for measuring ocean currents and an anemometer for the National Data Buoy Program to aid in weather forecasting. This invention of a unique and proprietary technology has formed the basis of the principal products of the company and has led J-TEC into various flow measurement markets.

Also located in Cedar Rapids, Iowa, Rayser Holdings, Inc. (Rayser) was established in 2018 to diversify and enhance employee ownership. J-TEC joins CarePro Health Services, KELTEK, Inc., and Midwest Memorials as part of the portfolio. Rayser looks forward to welcoming future organizations that will enhance the portfolio. The experience of Rayser spans much more than the healthcare subsidiaries that started it all. Commitment to customers, employees and communities drives their team.

“For the past couple years I have been working on finding a way to gently exit the business that I have nurtured now for over 30 years. The discovery of Rayser as an option that might accomplish just that is the best thing that has happened to me and the J-TEC employee team since I started working there in 1988. I’m excited to see the next chapter of J-TEC unfold!” shared Gary Roling, J-TEC’s President.

“We are excited to add another company to the Rayser family. J-TEC has a long and stable history in Cedar Rapids and their industry. We were honored to be considered as an option as Gary Roling (President) transitioned the company to its next stage of ownership,” stated Michelle Jensen, President & CEO of Rayser Holdings.

Generational Capital Markets Managing Director Mergers & Acquisitions, Phil Pizzurro, with support from Vice President Mergers & Acquisitions, Andre Farahmandi, successfully closed the deal. Senior Managing Director James Carr established the initial relationship with J-TEC.

“It was a great pleasure working on behalf of J-TEC throughout this process and getting to know the high-integrity folks at Rayser. There is a great comfort knowing that the culture and legacy that Gary Roling built over the past 32 years will be preserved and enhanced under the capable leadership at Rayser,” said Phil Pizzurro.

About Generational Capital, LLC

Generational Capital, LLC, is a Dallas, Texas-based merger and 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 part of the Generational Group and are affiliated with Generational Equity, LLC, which The M&A Advisor named Investment Banking Firm of the Year in 2016, 2017, and 2018 and Valuation Firm of the Year in 2020.

GCM's most recent awards include The M&A Advisor's 2020 Information Technology Deal of the Year ($10MM-$25MM) and 2020 Private Equity Deal of the Year ($25MM-$50MM).