Generational Equity Advises A&R Services in Sale to WaterStation Technology

By Generational Equity


Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, A&R Services, to WaterStation Technology LLC. The acquisition closed May 8, 2018.

A&R Services is a vending machine supplier for micro market, fresh food, candy, soda, snack and coffee vending machines, as well as a vending supply products provider for the greater Colorado Springs and Denver, Colorado market. It is based in Colorado Springs.

WaterStation Technology designs and manufacturers bottle-less water stations that are environmentally friendly and human healthy. The company, based in Everett, Washington, has developed groundbreaking self-serve purification systems that produce premium mineral water that is not only more affordable than most bottled water but also much more ecologically responsible.

Generational Equity Senior Managing Director Stephen Crisham’s team, led by trusted affiliate Connie Arcement-Flynn with support from VP Lori Galloway, successfully closed the deal. Executive Managing Director Edward Weber established the initial relationship with A&R Services.

“My job is especially rewarding when I can be instrumental in bringing two synergistic companies together, to make them both even stronger in the market,” said Connie Flynn.

“With WaterStation’s ambitions to disseminate their water filtration systems into the corporate U.S. environment with A&R Services’ penetration in that space, this promises to be a successful merger, resulting in a successful enterprise.”

About Generational

Headquartered in Dallas, Generational is one of the leading M&A advisory firms in North America.

With more than 350 professionals located throughout 17 offices in North America, the companies help business owners release the wealth of their business by providing growth consulting, merger, acquisition, and wealth management services. Their six-step approach features strategic and tactical growth consulting, exit planning education, business valuation, value enhancement strategies, M&A transactional services, and wealth management.

The M&A Advisor named the company Investment Banking Firm of the Year three years in a row, Valuation Firm of the Year in 2020, and North American Investment Bank of the Year in 2022 as well as Consulting Firm of the Year. For more information, visit