
Generational Group Advises Encore Technical Services in its Sale to Wave Imaging Solutions
By Generational Group
05/19/2021
Generational Group, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, Encore Technical Services, Inc., to Wave Imaging Solutions. The acquisition closed April 30, 2021.
Located in North Attleboro, Massachusetts, Encore Technical Services (ETS) is a medical equipment seller and service contractor. The Company focuses on repairing, servicing, and selling diagnostic imaging equipment, specifically ultrasound systems. ETS is continuing to expand its capabilities and is well-positioned for growth in an attractive market.
ETS’ highly skilled technicians are available to provide efficient and cost-effective repairs and maintenance service on various ultrasound systems. With the Company’s quick response time, excellent customer service, and on-hand parts inventory, ETS can resolve equipment issues the same day clients need repairs. Most of the Company’s revenue is derived from recurring service and maintenance, but ETS also sells medical device parts and equipment.
Wave Imaging Solutions (WAVE), located in Mentor, Ohio, is a full-service ultrasound sales and service company. Wave has been in business for 20 years selling new and refurbished ultrasound systems and parts.
Generational Group Executive Managing Director, M&A-Technology Practice Leader, David Fergusson, and his team, led by Senior M&A Advisor, Jeff Carignan, with the support of Vice President, Mergers & Acquisitions, Corey Painter, successfully closed the deal. Executive Managing Director Bill Kushnir established the initial relationship with ETS.
“The new ownership of Encore Technical Services is a great fit. Both parties were motivated to conclude this deal which helped it through the typical ups and downs of the closing process. This was a truly successful transaction for both parties, which is what we strive for with all of our clients,” said Carignan.
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.