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Generational Equity Announces the Acquisition of K Dawson & Associates, Inc. and HeatSource, Inc. by HSI Holdings II, LLC
By Generational Equity
08/30/2016
Generational Equity, a leading mergers and acquisitions advisor for privately held, middle-market businesses, is pleased to announce the acquisition of its client, K Dawson & Associates, Inc. and HeatSource, Inc., both headquartered in Carrollton, Texas, by HS Holdings II, LLC, headquartered in Dallas, Texas. The acquisition closed on June 14, 2016.
K Dawson & Associates, Inc. and Heat Source, Inc., collectively sell electric heaters, pressure and temperature sensors, temperature controls, electrical switching devices, and various types of relays throughout Texas, Louisiana, and Oklahoma.
The companies primarily serve plastic processors, steel, oil and gas, distributors, aerospace, and chemical processing markets.
Managing Director Michael Goss and Vice President Bryan Gooden led the Generational Equity deal team that advised both K Dawson and HeatSource on the transaction.
“HSI Holdings brings a wealth of operational and analytical insight to both companies that will certainly allow for increased performance over time,” said Gooden.
HS Holdings, LLC is a private investment firm based in Dallas, TX. The team is managed and controlled by principals who are actively involved in all of the investment decisions and portfolio company oversight. The firm’s principals have demonstrated the ability to acquire and strengthen operations.
The transaction was closed by principals Neal Shah and Chris Hannah. To learn more, visit, www.hsholdingsllc.com.
About Generational
Generational Group, headquartered in Dallas, is a leading, award winning, full-service M&A advisory firm. With more than 350 professionals located throughout 16 offices in North America, the company helps business owners release their business’ wealth by providing growth consulting, merger, acquisition, and wealth management services. The Generational suite of advisory services includes strategic growth consulting, exit planning education, business valuation, value enhancement strategies, M&A services, digital services, and wealth management.
The M&A Advisor named Generational Group Investment Banking Firm of the Year in 2016, 2017, 2018, 2022 & 2024. They also awarded us Valuation Firm of the Year and M&A Consulting Firm of the Year in 2022 and 2023. For more information, visit: https://www.generational.com.