Generational Group Advises Wave Imaging Solutions and Ultrasound Parts Source in Sale to a Private Investor

By Generational Group

04/02/2020

Generational Group, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its clients, Wave Imaging Solutions Corp. and Ultrasound Parts Source, LLC, to a private investor. The acquisition closed March 10, 2020 and details were not disclosed.

Located in Mentor, Ohio, Wave Imaging Solutions is an authorized GE cardio-vascular ultrasound distributor. The Company is a full-service, new and reconditioned ultrasound sales service parts company. Their certified biomedical technicians repair and recondition ultrasound systems to the highest industry standards. Wave Imaging Solutions is also a proud Sony Medical Nationwide Distributor, Mindray Ultrasound Distributor, and Alpinion Ultrasound Distributor. Ultrasound Parts Source markets to ultrasound resellers, service companies, and doctors’ clinics.

Generational Group Executive Managing Director of M&A – Central Region, Michael Goss, and his team, led by Senior M&A Advisor, Jim Branson, and assisted by Managing Director, Mergers & Acquisitions, Ryan Johnson, successfully closed the deal. Executive Managing Director Ed Weber established the initial relationship with Wave Imaging Solutions and Ultrasound Parts Source.

“This acquisition was destined to happen due to the symbiotic personalities of the buyer and seller and their similar market backgrounds. Once the Buyer found this listing on DealForce, a meeting soon followed and an LOI was executed within three weeks,” said Branson.


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.