Generational Capital Markets Advises La-Mar-Ka, Inc. in its Sale to AquaPhoenix Scientific, a Portfolio Company of Incline Equity Partners

DALLAS--(BUSINESS WIRE)--Generational Capital Markets (GCM), a member of FINRA/SIPC and a leading mergers and acquisitions consultant for privately held businesses, is pleased to announce the sale of La-Mar-Ka, Inc. to AquaPhoenix Scientific, a portfolio company of Incline Equity Partners. The acquisition closed January 31, 2025.

Headquartered in Baton Rouge, Louisiana, La-Mar-Ka, Inc. is a long-established, family-owned chemical supplier that has been serving laboratories, industrial clients, and research facilities since 1972. The company provides a wide range of standard and custom chemical solutions along with high-purity solvents, fine chemicals, and laboratory supplies. It also offers inventory-management and delivery services to help clients maintain dependable, well-organized chemical stockrooms. Its customer base includes organizations in energy, chemical manufacturing, food production, life sciences, and higher education.

Located in Hanover, Pennsylvania, AquaPhoenix Scientific manufactures and distributes water-testing kits, reagents, and chemical feed and control equipment. Founded in 2003, it provides a wide range of water-quality and industrial laboratory products, including custom-formulated test kits, private-label packaging, and tailored chemical solutions. Its offerings support industries such as industrial water treatment, environmental monitoring, oil and gas, food and beverage, and wastewater management, serving customers that require dependable tools for testing, monitoring, and managing water quality.

Based in Pittsburgh, Pennsylvania, Incline Equity Partners focuses on partnering with middle-market businesses across sectors such as services, value-added distribution, and specialized manufacturing. It invests through buyouts, divestitures, and minority recapitalizations, working closely with management teams to support strategic growth, operational improvements, and long-term value creation. With a collaborative, hands-on approach and track record of guiding companies through transformation, the firm aims to help its portfolio businesses scale and thrive.

Generational Capital Market’s President and Supervising Principal, Brenen Hofstadter and his team, led by Senior Managing Director, M&A, Chris Heckert with the support of Vice President, M&A, Troy Blakely, successfully closed the deal. Senior Managing Director, Private Client Group, Eric Matuszak and Senior M&A Advisor, Rick Nichols established the initial relationship with La-Mar-Ka, Inc.

"The fit between La-Mar-Ka and AquaPhoenix Scientific is incredible. I can’t wait to see what these two groups can accomplish together going forward,” said Heckert.

Ryan Binkley, CEO of Generational Group, added, “This transaction demonstrates our commitment to creating opportunities that provide lasting value for every party. At Generational Group, we are proud to have brought together two companies that are strongly positioned for continued growth and long-term success.”

About Generational Group Capital Markets, Inc.

Generational Capital Markets, Inc. is a member of FINRA/SIPC. Generational Capital Markets is part of Generational Group, which is headquartered in Dallas, TX, and is a leading, award winning full-service M&A consulting firm. Generational Group has over 300 professionals across 16 offices in North America. The firm empowers business owners to unlock the full value of their companies through a comprehensive suite of services—including strategic growth consulting, exit planning education, business valuation, value enhancement strategies, M&A consulting, digital solutions, and wealth management.

Celebrating its 20^th year, Generational has successfully closed over 1,700 transactions and has ranked #1 or #2 in all LSEG league tables for deals valued between $25 million and $1 billion in 2022, 2023, and 2024.

The firm was named 2025 USA Investment Banking Firm of the Year by the Global M&A Network and recognized as Investment Banking Firm of the Year by The M&A Advisor in 2022, 2024, and 2025.