Generational Group, a leading mergers and acquisitions advisory firm for privately held businesses, is pleased to announce the sale of Advanced Equipment and Services, Inc. to Integrated Water Services, Inc., a portfolio company of Sciens Water Opportunities Management, LLC. The acquisition closed August 7, 2026.
Located in Houston, Texas, Advanced Equipment and Services, Inc. (AESINC) is a global provider of reverse osmosis and water purification equipment serving municipal, commercial, and industrial markets. The company specializes in the design and fabrication of seawater desalination and brackish water treatment systems, offering solutions that can be customized to meet specific customer requirements. Its product portfolio includes containerized reverse osmosis systems, ultrafiltration and nanofiltration solutions, pretreatment and post-treatment equipment, and specialized systems for applications including dialysis water treatment. AESINC emphasizes efficient, reliable equipment designed for ease of operation and maintenance, and provides design, consulting, installation support, and system optimization services to customers worldwide.
Integrated Water Services, Inc. (IWS) is a provider of modular, scalable process water and wastewater solutions for municipal, commercial, and industrial customers. By combining expertise in design, treatment technology, filtration, automation, and lifecycle services, IWS delivers integrated solutions across the water infrastructure lifecycle. The company is headquartered in Austin, Texas, with operations across the United States and Europe.
Sciens Water Opportunities Management, LLC is an investment platform focused exclusively on the U.S. water sector and a division of Sciens Capital Management, an alternative investment management firm founded in 1994 and headquartered in New York, New York. Established in 2018, Sciens Water invests across critical water infrastructure and water-related operating companies, with a focus on addressing challenges throughout the water and wastewater value chain. The platform provides long-term capital and works closely with portfolio companies through active ownership and strategic development. Its investments span areas including water and wastewater utilities, treatment and reuse, transmission and distribution, and water management and digital infrastructure.
Generational Group Executive Managing Director, M&A, Central Region – Michael Goss, and his team led by Managing Director, M&A, Andre Farahmandi successfully closed the deal. Executive Managing Director, Rick Buchoz and Senior M&A Advisor, Mike Moore established the initial relationship with Advanced Equipment and Services, Inc.
“We built AESINC around listening to customers and delivering reliable systems that are straightforward to deploy, operate, and maintain,” said Victor De Sousa, founder and president of AESINC. “Joining IWS gives our team additional capabilities and resources while preserving the customer focus and flexibility that have always defined AESINC.”
“AESINC brings an important new capability to IWS: practical, modular reverse osmosis and desalination systems that help customers address water supply and water-quality challenges,” said Cody Phipps, CEO of IWS. “Victor and his team have built a strong customer-focused business. Together, we can offer a broader set of integrated water and wastewater solutions and additional resources to support AESINC’s customers.”
“We are pleased to welcome AESINC to IWS and the broader Sciens Water platform,” said Alex Loucopoulos, partner at Sciens Water. “AESINC’s rapidly deployable desalination systems expand our ability to help customers secure reliable, safe drinking and process water, while further strengthening IWS’s portfolio of innovative water and wastewater treatment solutions and services. This now marks the third acquisition for IWS in three months and showcases its ability to acquire and integrate relevant products and services to its core business.”
Ryan Binkley, CEO of Generational Group, added, “We are proud to have advised on this transaction and supported the companies through this important milestone. By combining their respective strengths, the organizations are well positioned to pursue new opportunities and create lasting value for their customers and stakeholders.”
About Generational Group
Generational Group, headquartered in Dallas, TX, is a leading, award winning full-service M&A advisory firm. Generational has over 350 professionals across 17 offices in North America. The firm empowers business owners to unlock the full value of their companies through a comprehensive suite of services—including M&A advisory, exit planning education, business valuation, strategic growth advisory, wealth advisory, and digital solutions.
Celebrating its 21st year, Generational has successfully closed over 1,800 transactions and has ranked #1 or #2 in all LSEG league tables for deals valued between $25 million and $1 billion in 2024 and 2025.
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 2024 and 2025.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260825965043/en/
Media gallery
