Generational Group, a leading mergers and acquisitions advisory firm for privately held businesses, is pleased to announce the sale of Aqua Source, Inc. to Horizon Commercial Pool Supply, a portfolio company of Northrim Horizon. The acquisition closed August 12, 2025.

Headquartered in Elk Grove, California, Aqua Source, Inc. is a trusted provider of commercial aquatic facility solutions across the state and into Nevada. With over 30 years of experience, the company offers pump-room equipment, energy-efficient systems, pool covers, and deck gear from leading manufacturers. Backed by a team dedicated to honesty, integrity, and reliability, Aqua Source delivers expertise in design coordination, preventative maintenance, emergency repairs, and Certified Pool-Spa Operator (CPO®) training to help clients ensure water safety, meet regulations, and operate efficiently.

Based in Arden Hills, Minnesota, Horizon Commercial Pool Supply is a leading distributor of commercial swimming pool products, including chemicals, equipment, parts, and play features. With a strong reputation for quality and reliability, Horizon Commercial Pool Supply serves both commercial and residential clients, offering a full range of solutions to maintain safe, efficient, and enjoyable aquatic environments. Their experienced team provides expert guidance on product selection, installation, and ongoing maintenance, ensuring each client receives the support needed for long-term success and water safety.

Northrim Horizon is a permanent capital investment firm based in Mesa, Arizona that acquires and operates established service and software businesses. The company focuses on partnering with founders to preserve the legacy of their organizations while helping them grow for the long term. Northrim Horizon invests in mature, profitable companies and works closely with management teams to support strategic development, operational improvement, and sustainable expansion across a range of industries including business services, healthcare, and technology-enabled services.

Generational Group Executive Managing Director, M&A, Western Region – Lori Galloway, and her team led by Managing Director, Mike Meredith, with the support of Senior Vice President, M&A, Amy Wall successfully closed the deal. Executive Managing Director, Tom Braun and Senior M&A Advisor, Michael Querard, established the initial relationship with Aqua Source, Inc.

Ryan Binkley, CEO of Generational Group, stated, “This transaction reflects our commitment to creating strategic partnerships that deliver lasting value. We’re pleased to bring together two organizations with a shared vision and the strengths to succeed together in the future.”

About Generational Group

Generational Group, headquartered in Dallas, TX, is a leading, award winning full-service M&A advisory firm. Generational 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 advisory, 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 2024 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 both 2024 and 2022.

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