Doeren Mayhew Capital Advisors Advises on Newman Regency Group Sale to United Flow Technologies
HOUSTON – September 27, 2022 – Houston investment banking firm Doeren Mayhew Capital Advisors served as the exclusive sell-side advisor to Newman Regency Group in its recent sale to United Flow Technologies, a portfolio company of H.I.G. Capital.
Operating for more than 50 years, Newman Regency Group is a water and wastewater products distributor and manufacturer’s representative. Upon being approached by United Flow Technologies, who was seeking to expand its national portfolio within this industry, Newman Regency Group engaged Doeren Mayhew Capital Advisors to provide sell-side advisory services, including negotiating the letter of intent for more favorable terms, assisting with the financial due diligence process and more.
At the time of the sale, Newman Regency Group employed individuals in within its Houston, Austin, Dallas and Oklahoma City markets. The company will continue its normal operations within these markets and maintain its key management team under United Flow Technologies.
“Newman Regency Group has been a long-term client of our affiliate Houston CPA firm Doeren Mayhew, so our prior experience and knowledge of their business helped us accelerate the deal timeline and quickly facilitate the transaction. We’re pleased to help Newman Regency Group expand its business reach and feel their new home with United Flow Technologies is a strategic next step in their future growth,” said Jennifer Mailhes, a managing director at Doeren Mayhew Capital Advisors.
Securities offered through Doeren Mayhew Capital Advisors, LLC. Member FINRA/SIPC.