Generational Equity, a leading mergers and acquisitions advisor for privately-held, middle-market businesses, has announced the acquisition of its client, EMI/RFI filter manufacturer Genisco Filter Corporation by HSI Sensing, a manufacturer of custom reed switch and sensor technology. The transaction closed June 13, 2013.
“We’re fortunate to be associated with a company as highly regarded as HSI,” Deborah Sandvig, operations manager for Genisco, said. “While we’ve made great strides as a small company growing our business, we’ve lacked the resources to develop the many ideas we have. Under HSI’s energetic leadership, we feel a renewed excitement and enthusiasm to serve the EMI industry better than we ever have.”
“The company has a great reputation in their industry, and a strong, dedicated team,” Ryan Posey, HSI Sensing’s vice president of operations and interim president of Genisco, said. “We’re excited to bring our expertise and resources to the table, both financial- and knowledge-based, in order to take advantage of those growth opportunities.”