Hasa Inc., a Saugus-based maked of water treatment products, has been sold to a Texas private equity firm.
Founded in 1964 and expanded by Don Wilson, Hasa is a leading producer and distributor of sodium hypochlorite and other products used to maintain water systems, including swimming pools, water tanks and containment vessels.
“Over its 50-plus year history, Hasa has established itself as a premier manufacturer and distributor of branded water treatment products,” said Paul Weisbrich, managing director of D.A. Davidson, in a statement.
D.A. Davidson, a financial services firm in Great Falls, Montana, advised Hasa on the sale. “By partnering with Peak Rock,” Weisbrich said, “Hasa will be able to significantly and rapidly accelerate its growth in recreational water, municipal and other water treatment markets throughout the United States.”
Peak Rock, based in Austin, middle-market private equity firm that makes equity and debt investments in companies in North America and Europe. The transaction closed Friday; terms were not disclosed.
Hasa has facilities in Saugus and Pittsburg; Eloy, Ariz., Dallas and Bryan, Texas; and Longview, Wash. It serves customers in recreational, industrial and municipal end markets, including pool service professionals, municipal water treatment, power generation and other commercial and industrial applications.
The transaction “was complex with a number of distinctive, moving parts,” said Mark Wilson, Hasa’s president and son of the founder. “D.A. Davidson skillfully advised Hasa’s shareholders through every gate during the M&A process.”