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Generational Equity Advises Industrial Treatment Technologies in its Sale to Kiely
By Generational Equity
04/28/2022
Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client Industrial Treatment Technologies Inc. to The Kiely Family of Companies. The transaction closed April 18, 2022.
Founded in 2010, Industrial Treatment Technologies (ITT), located in Fernandina Beach, Florida, is a national provider of wastewater treatment facility design, construction and operations services. With 30 years of experience in process water, wastewater treatment, sludge dewatering, and energy and plant operations, ITT reduces water and wastewater operating costs and ecological footprints for large industrial and manufacturing facilities. The services provided by ITT will further expand Kiely’s water resources capabilities.
The Kiely Family of Companies (Kiely), founded in 1952, focuses on design-build solutions for the engineering and construction industry and is headquartered in Tinton Falls, New Jersey. Kiely’s services are organized into three business units: Civil, Development, and Equipment. Each unit comprises multiple standalone companies that work together to offer an exceptional design-build experience. They focus on servicing the needs of clients by offering a diversified list of services such as engineering, utility construction, heavy highway, hot mix asphalt production, equipment sales and leasing, recycling services, and residential and commercial building and leasing.
“We welcome the team members of Industrial Treatment Technologies to the Kiely Family,” says John M. Kiely, CEO of The Kiely Family of Companies. “The addition of ITT to our portfolio of engineering and construction companies will bolster our efforts to empower team members, partner with customers, and advance the communities we serve.”
Generational Equity Executive Managing Director of M&A – Central Region, Michael Goss, and his team, led by Sr. Managing Director Southeastern Region, Julie Sandoval, successfully closed the transaction. Senior Managing Director Doug Morrow established the initial relationship with ITT.
“It was a pleasure working with the ITT and Kiely team. I wish continued success to both parties,” said Sandoval.
About Generational
Headquartered in Dallas, Generational is one of the leading M&A advisory firms in North America.
With more than 350 professionals located throughout 17 offices in North America, the companies help business owners release the wealth of their business by providing growth consulting, merger, acquisition, and wealth management services. Their six-step approach features strategic and tactical growth consulting, exit planning education, business valuation, value enhancement strategies, M&A transactional services, and wealth management.
The M&A Advisor named the company Investment Banking Firm of the Year three years in a row, Valuation Firm of the Year in 2020, and North American Investment Bank of the Year in 2022 as well as Consulting Firm of the Year. For more information, visit https://www.generational.com.