D.A. Davidson Serves as Exclusive Financial Advisor to Hasa, Inc. on Sale to Affiliate of Peak Rock Capital

COSTA MESA, Calif.--()--D.A. Davidson & Co. served as exclusive financial advisor to Hasa, Inc. (“Hasa” or the “Company”), a Saugus, California-based manufacturer and distributor of sodium hypochlorite and other water treatment products, on its sale to an affiliate of Austin, Texas-based Peak Rock Capital. The transaction closed on September 8, 2017. Financial terms of the transaction were not disclosed.

“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 at D.A. Davidson. “By partnering with Peak Rock, Hasa will be able to significantly and rapidly accelerate its growth in recreational water, municipal and other water treatment markets throughout the United States.”

Mark Wilson, Chief Executive Officer of Hasa, remarked, “The Hasa transaction was complex with a number of distinctive, moving parts. D.A. Davidson skillfully advised Hasa’s shareholders though every gate during the M&A process.”

Founded in 1964, Hasa is a leading producer and distributor of water treatment products used to maintain water systems, including swimming pools, water tanks and containment vessels. With five facilities in California, Arizona, Texas and Washington, Hasa serves a diverse set of customers across recreational, industrial and municipal end markets, including pool service professionals, municipal water treatment, power generation and other commercial and industrial applications. Over its more than 50-year history, Hasa has established a reputation for supplying superior products through excellent logistics and distribution capabilities.

D.A. Davidson’s Investment Banking Group assisted Hasa in initiating the transaction, marketing the Company, structuring the deal and advised the Company through negotiations, documentation and final closing.

D.A. Davidson’s investment banking division is a leading full-service investment bank that offers comprehensive financial advisory and capital markets expertise and has extensive transaction experience serving middle market clients worldwide.

About D.A. Davidson Companies

D.A. Davidson Companies is an employee-owned financial services firm offering a range of financial services and advice to individuals, corporations, institutions and municipalities nationwide. Founded in 1935 and headquartered in Montana, with corporate offices in Denver, Los Angeles, Portland and Seattle, the company has more than 1,350 employees and offices in 24 states.

Subsidiaries include: D.A. Davidson & Co., the largest full-service investment firm headquartered in the Northwest, providing wealth management, investment banking, equity and fixed income capital markets services and advice; Davidson Investment Advisors, a professional asset management firm; D.A. Davidson Trust Company, a trust and wealth management company; and Davidson Fixed Income Management, a registered investment adviser providing fixed income portfolio and advisory services.

For more information, visit dadavidson.com or Twitter: @DADavidsonCo.

About Peak Rock Capital

Peak Rock Capital is a leading middle-market private equity firm that makes equity and debt investments in companies in North America and Europe. Peak Rock focuses on investing in opportunities where it can support senior management in driving rapid growth and profit improvement through operational and strategic change. Peak Rock's principals have deep expertise in complex situations and cross border transactions, with the ability to provide tailored capital solutions and close transactions quickly where speed and certainty are priorities. For further information about Peak Rock Capital, please visit www.peakrockcapital.com.

Contacts

D.A. Davidson
Jacquie Burchard, 406-791-7465
Cell: 406-868-1392
jburchard@dadco.com
or
Prosek for D.A. Davidson
Emily Roy, 212-279-3115 ext. 232
eroy@prosek.com

Release Summary

D.A. Davidson was advisor to Hasa, Inc, a manufacturer and distributor of water treatment products, in its sale to an affiliate of Peak Rock Capital.

Contacts

D.A. Davidson
Jacquie Burchard, 406-791-7465
Cell: 406-868-1392
jburchard@dadco.com
or
Prosek for D.A. Davidson
Emily Roy, 212-279-3115 ext. 232
eroy@prosek.com