We are pleased to announce the sale of our client Proctor Sales, Inc. to AH Equity Investments. The acquisition closed August 1, 2022.
Proctor Sales (PSI), located in Lynnwood, Washington, and operating from four additional locations (Seattle, Portland, Spokane, Anchorage), is a full-service manufacturers’ representative distributing boilers, burners, pumps, controls, steam process accessories, and related mechanical room equipment. The company also provides combustion system maintenance and custom fabrication services.
Located in Hickory, North Carolina, AH Equity Investments (AH) is the United States holding company for Alternative Holdings, a Panama-based permanent capital vehicle. AH enters each partnership with the intention of never selling. They are a holding company with no exit dates. Due to their long-time horizon, the culture of a potential company is just as important as its financials.
AH is always looking to acquire growing, profitable, privately held companies with proven business models, records of revenue and earnings growth, and a plan to sustain that growth. They prefer to work with the current management team or promote from within and are open to purchasing outright the business or partnering with the current owners for future growth.
Generational Equity Executive Managing Director of M&A – Western Region, Stephen Crisham, and his team, led by Managing Director, M&A, Cole Preston, with the support of Sr. Managing Director - Western Region, Lori Galloway, closed the transaction. Executive Managing Director Tom Braun established the initial relationship with PSI.
“The principles of Proctor have built an outstanding, multi-location organization with a long track record of achievement serving the expansive Pacific Northwest and beyond, and one that prospered during the challenging pandemic of 2020 and 2021,” said Preston.
Preston added, “AH Equity Investments is an excellent operator serving customers and clients internationally and are well-positioned to grow Proctor and their portfolio holdings into the future. The professional advisors on both sides contributed to a much-appreciated, smooth transaction process.”
If you would like to explore other transactions our associates have supported in this industry, visit our dedicated Industrials M&A Deals page.
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