Wind Point Partners Acquires Hasa

Chicago, Ill., January 12, 2023 – Wind Point Partners (“Wind Point”), a Chicago-based private equity firm, announced today that it has partnered with Hasa, Inc. (“Hasa” or the “Company”), an industry-leading producer and supplier of high-quality water treatment solutions. Hasa manufactures and distributes chemicals and ancillary products used for critical sanitization and maintenance of water systems, including swimming pools, water tanks and containment vessels for recreational, industrial and municipal end markets. Headquartered in Saugus, Calif., Hasa operates an expansive distribution network, utilizing 11 strategically-located facilities to serve over 3,000 customer locations across the western and southwestern U.S. 

Alex Washington, Managing Director at Wind Point, stated, “Wind Point is a longtime investor in specialty chemicals and route-based services. Hasa operates a differentiated distribution model that ensures customers receive safe, effective water treatment products. We are thrilled to partner with the Company to build upon its reputation for exceptional service in this critical, growing market.” 

Wind Point is partnering with Hasa management, led by CEO Chris Brink. Hasa’s senior leadership team will continue leading the business and has retained a meaningful ownership stake alongside Wind Point.

“This exciting new partnership with Wind Point offers Hasa access to a comprehensive executive network, additional capital resources and professional expertise which will significantly accelerate our already impressive growth trajectory,” commented Mr. Brink. “The critical nature of our water treatment products necessitates an unwavering focus on quality and customer service. The partnership with Wind Point will further strengthen our leading manufacturing and distribution platform as we bring more products and services to existing and new markets. The entire team is very excited for this next chapter of our story.” 

Peter Leemputte, Principal at Wind Point, added, “Hasa has demonstrated impressive growth and tremendous operational consistency. We see many additional organic and inorganic growth opportunities for the platform, including investments in core organic initiatives and strategic M&A to expand geographic coverage and the product portfolio.”  

Advising Wind Point on the transaction were executives Stan Bikulege and Luis Fernandez-Moreno, who have both joined the Hasa Board of Directors. Mr. Bikulege, a member of Wind Point’s Executive Advisor Program, brings extensive packaging and distribution experience, currently serving as Chairman and CEO of Novolex. Mr. Fernandez-Moreno most recently served as President of Ashland, Inc.’s Chemicals Group, which included the company’s Water Technologies division. This role followed over 25 years of relevant specialty chemicals experience with Rohm and Haas, Dow Chemical and Arch Chemicals. Mr. Bikulege and Mr. Fernandez-Moreno have worked alongside Wind Point in multiple prior partnerships.

Reed Smith LLP served as legal counsel to Wind Point and KPMG LLP provided transaction advisory services in connection with the transaction. Keybanc Capital Markets served as financial advisor to Hasa.