Generational Group Announces the Acquisition of K Dawson & Associates, Inc. and HeatSource, Inc. by HSI Holdings II, LLC

By Generational Group

08/30/2016

Generational Group, a leading mergers and acquisitions advisor for privately held, middle-market businesses, is pleased to announce the acquisition of its client, K Dawson & Associates, Inc. and HeatSource, Inc., both headquartered in Carrollton, Texas, by HS Holdings II, LLC, headquartered in Dallas, Texas. The acquisition closed on June 14, 2016.

K Dawson & Associates, Inc. and Heat Source, Inc., collectively sell electric heaters, pressure and temperature sensors, temperature controls, electrical switching devices, and various types of relays throughout Texas, Louisiana, and Oklahoma.

The companies primarily serve plastic processors, steel, oil and gas, distributors, aerospace, and chemical processing markets.

Managing Director Michael Goss and Vice President Bryan Gooden led the Generational Group deal team that advised both K Dawson and HeatSource on the transaction. 

“HSI Holdings brings a wealth of operational and analytical insight to both companies that will certainly allow for increased performance over time,” said Gooden.

HS Holdings, LLC is a private investment firm based in Dallas, TX. The team is managed and controlled by principals who are actively involved in all of the investment decisions and portfolio company oversight. The firm’s principals have demonstrated the ability to acquire and strengthen operations.

The transaction was closed by principals Neal Shah and Chris Hannah. To learn more, visit, www.hsholdingsllc.com.


About Generational

Generational Group, headquartered in Dallas, TX, is a leading, award winning full-service M&A advisory firm. Generational has over 300 professionals across 16 offices in North America. The firm empowers business owners to unlock the full value of their companies through a comprehensive suite of services—including strategic growth consulting, exit planning education, business valuation, value enhancement strategies, M&A advisory, digital solutions, and wealth management.

Celebrating its 20th year, Generational has successfully closed over 1,700 transactions and has ranked #1 or #2 in all LSEG league tables for deals valued between $25 million and $500 million in 2022, 2023, and 2024.

The firm was named 2024 USA Investment Banking Firm of the Year by the Global M&A Network and recognized as Investment Banking Firm of the Year by The M&A Advisor in both 2024 and 2022.