Date
Jan 2022
Region
Canada
We are pleased to announce the sale of our client, Gemite Products, Inc., to W.R. MEADOWS, Inc. The acquisition closed January 21, 2022.
Mississauga, Ontario, Canada-based Gemite Products (Gemite) is a manufacturer of advanced technologies founded more than 30 years ago by Igor Nikolajev, P. Eng. President, and the late Dr. Ivan Razl, Ph.D., P.Eng., who served as Gemite’s Technical Director. The partners developed an extensive line of composite waterproofing and restoration products designed to protect reinforced concrete structures around the world in the most challenging environments.
W.R. MEADOWS, located in Hampshire, Illinois, designs, manufactures, and markets high-quality building materials for today’s construction professionals. Products are sold through an authorized distribution network. W.R. MEADOWS is a family-owned and operated company focusing on product quality, outstanding service, and business integrity since its founding in 1926.
W.R. MEADOWS remains committed to producing high-quality products and systems that meet or exceed the latest regulations. From highway construction and repair, building construction and restoration, to waterproofing/vaporproofing/air barrier products and more, they’ve been satisfying the needs of the public and private sector of the building construction industry for over 95 years.
The acquisition complements W.R. MEADOWS’ extensive waterproofing and restoration portfolio. For more than 20 years, W.R. MEADOWS served as Gemite’s exclusive distributor for Canada and the U.S. beyond the East Coast region.
“Having worked closely with W.R. MEADOWS for decades, we saw their commitment to quality and product integrity was genuine. My late business partner Ivan Razl and I worked hard to build Gemite to this point, and I feel comfortable seeing W.R. MEADOWS further our legacy of innovation,” Gemite’s President Igor Nikolajev stated.
“W.R. MEADOWS looks forward to further advancing Gemite’s unique technologies for repairing, protecting, and waterproofing reinforced concrete structures,” remarked Glenn Tench, Vice President of Sales and Marketing for W.R. MEADOWS.
Generational Equity Executive Managing Director, M&A-Technology Practice Leader, David Fergusson, and his team, led by Senior M&A Advisor, Mike Hammer, with the support of Managing Director, M&A, Corey Painter, successfully closed the deal. Senior Managing Director Brian Hendershot established the initial relationship with Gemite.
“Working with this client provided a good learning experience on many fronts," said Hammer.
If you would like to explore other transactions our associates have supported in this industry, visit our dedicated Manufacturing & Fabrication M&A Deals page.
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