KingsPoint Capital, LLC, a middle-market investment banking firm, recently facilitated the sale of its client, Pondhop Automation and Controls Incorporated, to EN Engineering, LLC, headquartered in Warrenville, Illinois.
Founded in 2008, Pondhop Automation and Controls Incorporated has quickly become one of the leading automation and control systems providers in the Houston area. Conveniently located near Houston’s Energy Corridor, Pondhop delivers automation and control solutions to the “Who’s Who” within the Oil & Gas Drilling and Production, Oil & Chemical Storage Terminals, Petrochemical, and Water and Wastewater sectors.
“Having previously tried unsuccessfully to sell our company on our own, I can confidently say hiring KingsPoint was the best business decision we ever made. From spending the time to get up to speed on our industry and our team’s value drivers, through effectively running the marketing process and negotiating the transaction, KingsPoint paid attention to the details, ensuring nothing fell through the cracks. Most importantly, KingsPoint brought multiple qualified prospective buyers to the table. We truly could not have gotten this accomplished without their expertise,” said Lori Sinclair, Pondhop’s CEO.
“We are thrilled to add Pondhop’s team and expand our expertise within the Houston market, and nationally,” said Steve Knowles, CEO of EN Engineering. “Lori and Duncan Sinclair should be proud for building a solid team with an impeccable reputation. We look forward to integrating Pondhop into our Texas footprint as we continue to expand our capabilities within the region.”