Pacoima, California – Keystone Business Advisors, a Southern California-based mergers and acquisitions (M&A) advisory firm specializing in the sale of privately held businesses, is pleased to announce the successful sale of American Waterworks to a financial buyer. Keystone served as the exclusive sell-side M&A advisor to American Waterworks throughout the transaction.
Founded in 2003, American Waterworks is a leading Southern California provider of commercial and industrial pressure washing equipment, custom trailer-mounted systems, replacement parts, and aftermarket service solutions. Serving commercial, industrial, and municipal customers, the company has built a strong reputation over more than two decades for its technical expertise, quality equipment, customized solutions, and commitment to customer service.
Keystone Business Advisors managed a comprehensive M&A sale process, including business valuation, preparation of a Confidential Information Memorandum (CIM), targeted buyer outreach, evaluation of acquisition proposals, and transaction negotiations. The competitive process generated more than ten acquisition offers, providing the owners with multiple opportunities to evaluate prospective buyers and select a partner aligned with their financial objectives and long-term vision for the business.
“Through our extensive network of qualified buyers and close collaboration with the owners, we identified an acquisition partner that aligned with their objectives for the transaction and the future of the company,” said Darryl Heller, M&A Advisor with Keystone Business Advisors. “The strong buyer interest reflects the quality of the business that Rob and Chris built over more than twenty years.”
The acquisition positions American Waterworks for continued growth while maintaining the customer relationships, technical expertise, and service standards that have contributed to its success. As part of the transition, co-owners Rob Rudzitis and Chris Piligian will remain involved in consulting capacities to support operational continuity and a seamless transfer of ownership.
“After more than twenty years of building this company, finding the right buyer was about more than achieving a favorable financial outcome. It was about finding a partner who shared our commitment to our employees, customers, and legacy,” said Rob Rudzitis, co-owner of American Waterworks. “Keystone provided real value throughout the process, from completing the initial business valuation and preparing a comprehensive Confidential Information Memorandum to managing a competitive buyer outreach process. Receiving more than ten offers gave us the opportunity to evaluate multiple options and ultimately select the right buyer.”
The successful transaction further demonstrates Keystone Business Advisors’ expertise in representing owners of privately held industrial equipment, distribution, and service businesses in Southern California and throughout the lower middle market.
About American Waterworks
Founded in 2003 and headquartered in Pacoima, California, American Waterworks is a provider of commercial and industrial pressure washing equipment, custom trailer-mounted systems, replacement parts, and aftermarket support services. The company serves commercial, industrial, and municipal customers throughout Southern California, offering equipment solutions, technical expertise, and ongoing customer support.
About Keystone Business Advisors
Keystone Business Advisors is a Southern California-based mergers and acquisitions advisory firm headquartered in Westlake Village, California. The firm specializes in sell-side M&A advisory services for privately held, lower middle market businesses, typically with enterprise values ranging from $5 million to $100 million.
Keystone assists business owners throughout the entire business sale process, including business valuations, exit planning, transaction preparation, confidential buyer outreach, competitive bidding processes, negotiations, due diligence, and closing. With experience across manufacturing, distribution, industrial services, specialty contracting, healthcare, and other industries, Keystone helps business owners maximize value and achieve successful ownership transitions.
