DALLAS, October 07, 2024--(BUSINESS WIRE)--Generational Group, a leading mergers and acquisitions advisory firm for privately held businesses, is pleased to announce the sale of its client, Gemini Water, LLC, in its sale to BluMetric Environmental Inc. The acquisition closed September 23, 2024.

Founded in 2015 in Gainesville, Florida, Gemini Water, builds, installs, and commissions large-scale desalination and wastewater treatment systems using membrane-based technologies. Gemini Water systems have 7 million gallons per day (GPD) of potable and wastewater treatment capacity across 22 locations in the Caribbean and Texas.

BluMetric Environmental Inc. is a publicly traded environmental consulting and engineering company with expertise across professional and trade disciplines and technologies that allow for the design, fabrication and delivery of sustainable solutions to environmental and water challenges. BluMetric has more than 200 employees operating in ten offices and over 45 years of expertise. Headquartered in Ottawa, Ontario, BluMetric’s team of industry experts serves Commercial and Industrial, Military, Mining and Government clients.

"Today we progress our long-term growth strategy by expanding our cleantech product line and geographic footprint into the U.S. and Caribbean markets," said Scott MacFabe, CEO of BluMetric. "This acquisition improves our market accessibility by covering a combined population almost ten times the size of Canada’s in regions that are significantly more water stressed. Gemini Water has developed an impressive solution for managing water shortages within complementary customer verticals from private developments, and government infrastructure to the leisure market supporting resorts and international cruise lines."

BluMetric believes the strategic nature of this acquisition provides the following:

• Ability to diversify its cleantech customer base into new industrial and commercial applications

• Backfill the longer sales cycles observed in the Military segment with the shorter sales cycles in Gemini Water’s client base

• Share know-how and proprietary expertise to mutually strengthen both companies’ service offerings

• Jump-start the establishment of a manufacturing presence in the U.S. to take advantage of potential American demand for BluMetric’s military technologies

• Leverage financial and personnel resources to help Gemini Water execute on its accelerating order backlog

Generational Group Executive Managing Director of M&A – Eastern Region, David Fergusson, and his team, led by Generational Senior Managing Director, M&A, Terry Mackin, with the support of Senior Vice President, M&A, Tristan Keefe, closed the deal. Executive Managing Director and Group Leader, Randy Kamin, and Senior M&A Advisor, Peter Stone, established the initial relationship with Gemini Water, LLC.

Ryan Binkley, CEO of Generational Group, added, "This transaction highlights our commitment to facilitating deals that create lasting value for both parties. At Generational Group, we are proud to have played a role in bringing together two organizations poised for continued success."

About Generational Group

Generational Group, headquartered in Dallas, is a leading, award-winning, full-service business advisory firm. With more than 350 professionals located throughout 17 offices in North America, the company helps business owners release their business’ wealth by providing growth consulting, merger, acquisition, and wealth management services. The Generational suite of advisory services includes strategic growth consulting, exit planning education, business valuation, value enhancement strategies, M&A services, digital services, and wealth management. For more information visit generational.com.

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Contacts

Jenna Gaston
469-694-8764
jgaston@generational.com