Generational Equity, a leading mergers and acquisitions advisor for privately-held, middle-market businesses, is pleased to announce the merger of its client, Eastern Technologies, Inc., headquartered in Ashford, Alabama, with Global Resources International, Inc., headquartered in Flowery Branch, Georgia. The transaction closed on October 15, 2013.
Founded in 1987, Eastern Technologies, Inc. (ETI) uses its proprietary technology and process to turn radiological waste into carbon dioxide and water. ETI provides proprietary and patented radiological protective clothing, processing services, and associated logistical support to the nuclear industry. The Company uses technology developed in-house to safely and efficiently dissolve single-use protective clothing, which reduces the amount of material sent to landfills, saving ETI customers money in the process.
With its corporate headquarters in Flowery Branch, Georgia and manufacturing facilities in North America and China, Global Resources International, Inc. (GRI) specializes in the design, development, manufacture, marketing and distribution of products for the healthcare and industrial markets. Managing Director, Tom Staszak, led the Generational Equity deal team that advised ETI on its strategic direction. Tom Staszak stated, "The merger between ETI and GRI was an excellent and synergistic option for both entities that will benefit all current and future users of the company's proprietary OREX™ protective, dissolvable clothing."
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