From the Wires
Generational Capital Markets Announces the Substantial Asset Acquisition of Water Products of Oklahoma, Arkansas Water Products and Municipal Water Works Supply by HD Supply Waterworks
By: PR Newswire
Jan. 4, 2013 09:39 PM
DALLAS, Jan. 4, 2013 /PRNewswire/ -- Generational Capital Markets, Inc., member FINRA/SIPC, ("GCM") a mergers & acquisitions advisor for privately-held businesses, is pleased to announced HD Supply Waterworks, acquired substantially all the assets of their client, Water Products of Oklahoma, Inc., Arkansas Water Products, LLC, and Municipal Water Works Supply, LP (collectively doing business as "Water Products"). Headquartered in Owasso, Okla., Water Products is a distributor of water, sewer and gas system installations and maintenance products and repair services. The transaction closed on December 3, 2012.
HD Supply distributes a complete line of water, sewer, fire protection and storm-drain products to serve the needs of contractors and municipalities in the water, wastewater, storm and fire protection markets.
"HD Supply Waterworks is committed to strategic growth that enables us to serve our customers more efficiently and build value," said HD Supply Waterworks CEO Jerry Webb. "The acquisition of Water Products provides us with an increased ability to provide value-added services, robust inventory and timely product deliveries to our existing and prospective customers in this important region."
The purchase of Water Products further strengthens HD Supply Waterworks' leading national position by enhancing its capability to meet the demand of increasing infrastructure needs in the South Central United States. It also aligns with HD Supply's overall long-term growth strategy and enhances its ability to provide the right products, services and solutions as the distributor of choice for its customers.
"We continue to make smart investments in our business, such as the Water Products acquisition, that position us for long-term success and differentiate HD Supply Waterworks from our competition," said HD Supply Waterworks President Steve LeClair.
Water Products currently operates six branches located in Owasso, Okla.; McPherson, Kan.; Tontitown and Little Rock, Ark.; Harrisonville, Mo.; and Royse City, Texas. The business will be fully integrated into HD Supply Waterworks and will begin operating under the HD Supply Waterworks brand while continuing to provide water and sewer materials and services to existing customers. Brenen Hofstadter and Chris Heckert with Generational Capital Markets, Inc., Member FINRA/SIPC represented Water Products as their M&A Advisors.
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SOURCE Generational Capital Markets, Inc.
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