Generational Equity Announces the Acquisition of FinishLine Technologies by Spray Equipment & Service Center, Inc.

By Generational Equity


Generational Equity, a leading mergers and acquisitions advisor for privately-held, middle-market businesses, is pleased to announce the acquisition of its client, FinishLine Technologies, headquartered in Columbus, Indiana, by Spray Equipment & Service Center, Inc., headquartered in Wichita, Kansas. The acquisition closed on March 31, 2016.

FinishLine Technologies (FinishLine) designs, building, installs, and services spray paint systems used within the industrial and automotive OEM paint and coating market.

Additionally, FinishLine provides paint, powder coatings, pre-treatment chemicals, adhesives and sealants to meet every requirement. To learn more, visit

Managing Director Doug Smith, Vice President Ryan Johnson, and Affiliate Tom Poyser led the Generational Equity deal team that advised FinishLine on the transaction. 

“With both parties committed to the long-term growth of the business, synergistic planning helped to get the deal closed,” stated lead dealmaker Tom Poyser.

Spray Equipment & Service Center specializes in selling and serving spray equipment to industrial customers applying a wide range of coatings. The Company was founded to deliver the specialized equipment required for industrial finishing systems.

Learn more by visiting

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