By Generational EquityJun 21, 2017, 04:00 et
Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, Houzer Inc., to Hamat Group Ltd. The acquisition closed May 10, 2017. Details were not disclosed.
Houzer, based in Hamilton, New Jersey, is an importer and distributor of sinks, selling to the national market through major online ecommerce sites, and offline dealers for the kitchen and bath, remodeling, construction, and hospitality industries nationwide.
Hamat Group, based in Israel, is a publicly traded company on the Tel Aviv Stock Exchange. The business specializes in manufacturing, marketing, and exporting of a wide array of products designed for bathrooms and kitchens, specifically designer bathroom faucets, sinks, shower stalls, bathtubs, toilets, and plumbing fixtures. With the acquisition, Hamat will expand to the US.
"We are pleased with the positive outcome of this transaction and are excited by the new opportunities that Houzer will bring to Hamat within the United States," said Hamat CEO Roy Regerman.
Generational Equity's Senior Mergers & Acquisitions Advisor Michael Lorence established the relationship with Houzer, and Managing Director Doug Smith's team, led by Vice President Ryan Johnson, successfully closed the deal. Hamat Group received financial advice from Genesis Capital, LLC.
"It was very important to our client to find a buyer with strong knowledge and experience in the industry to be able to maintain business continuity and Houzer's excellent reputation," said Johnson.
"Both parties were excited about the perfect marriage between Houzer's sinks and Hamat's designer faucets, and were very committed to making the deal happen."
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