Acquisition Announcement: SynaTek Purchases Strategic Grass Seed Distribution Business
NEW MILFORD, Conn. – Aug 20, 2024 – Cetane Associates (“Cetane”), a financial advisory and transaction firm providing M&A expertise to the home services industries, is pleased to announce that SynaTek Solutions (“SynaTek”), based in Souderton, Pa. has acquired a strategic grass seed distribution business. The transaction was completed in July 2024.
SynaTek’s origins trace back to the mid-1860s, when Moyer & Son provided supplies for farmers around Philadelphia. Today, their strategic partnerships persist and address the ever-changing challenges faced by the industry. Nate Clemmer, President of SynaTek, remarked, “SynaTek is pleased to be taking on this grass seed distributor. Working with Bob Williamson at Cetane was a wonderful experience and he helped us get the deal over the finish line.”
Bob Williamson, Pest & Lawn Director at Cetane, commented, “Congratulations to Nate on this successful acquisition. We wish him and his growing business many more years of prosperity.”
Cetane served as advisor to the buyer SynaTek. Cetane advised on the purchase, assisting in negotiating the final deal terms, and coordinating the due diligence process. Bob Williamson managed the transaction.