Generational Equity, a leading mergers and acquisitions advisor for privately-held, middle-market businesses, is pleased to announce the acquisition of its client, Genisco Filter Corporation, headquartered in San Diego, California, by HSI Sensing (Hermetic Switch, Inc.), headquartered in Chickasha, Oklahoma. The transaction closed June 13, 2013.
Genisco's EMI/RFI filter products incorporate 64 years of design and manufacturing experience. The company designs and manufactures electromagnetic interference (EMI) filters for military/defense and industrial/commercial markets. Deborah Sandvig, operations manager for Genisco, stated, "We're fortunate to be associated with a company as highly regarded as HSI," she says. "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."
Headquartered in Chickasha, Oklahoma, HSI Sensing is the innovative leader in the engineering and precision manufacturing of custom reed switch and sensor technology. The industry experts in solving problems for customers in challenging design applications, they also precision manufacture those solutions to ensure consistent, unmatched quality. "The company has a great reputation in their industry, and a strong, dedicated team," says Ryan Posey, HSI Sensing's vice president of operations and interim president of Genisco.
"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." Managing Director, Stephen Crisham and Vice President, Mike Meredith, led the Generational Equity deal team that advised Genisco on the transaction. According to Mike Meredith, "It was a pleasure to work on a transaction where our client's Company was a perfect strategic fit for the buyer. HSI Sensing will certainly be able to take Genisco's portfolio of products and introduce them to new markets. Our client was appreciative of the deal we were able to negotiate for him and he feels confident that Genisco will continue to prosper under the HSI Sensing umbrella." The two companies share a common culture of strong leadership in their respective industries, a reputation for unmatched quality, and a long history of serving their customers with customengineered solutions.
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