Generational Equity, a mergers and acquisitions advisor for privately held businesses, has advised Tesco Controls on its sale to United Flow Technologies – a holding of an affiliate of HIG Capital.
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. HIG has committed significant capital and resources to UFT to build a market leading company through transformational acquisitions and organic growth.
Shain Thomas, CEO of TESCO, says: “We are thrilled to enter into this new chapter with HIG 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.”