Generational Group Advises Clearwater Construction & Management, LLC in its Sale to Kelso Industries

DALLAS--(BUSINESS WIRE)--Generational Group, a leading mergers and acquisitions advisory firm for privately held businesses, is pleased to announce the sale of Clearwater Construction & Management, LLC to Kelso Industries. The acquisition closed July 23, 2026.

Based in Spokane, Washington, Clearwater Construction & Management, LLC provides general contracting, design-build, and structural concrete services. The company has completed more than 60 projects throughout the Pacific Northwest, including water and wastewater treatment facilities, bridges, reservoirs, utility tunnels, dams, fish hatcheries, combined sewer overflow projects, and industrial construction.

Headquartered in Draper, Utah, Kelso Industries offers mechanical, electrical, plumbing, HVAC, and other building services nationwide. The acquisition expands Kelso’s construction capabilities and adds a Pacific Northwest company to its growing portfolio. Clearwater’s ability to self-perform much of its construction work complements Kelso’s existing services, creating an opportunity to provide a broader range of construction and building services.

Generational Group Executive Managing Director, M&A, Western Region – Lori Galloway, and her team led by Senior Managing Director, M&A, Fred Zweifel successfully closed the deal. Senior Managing Director, Ruben Olm and Senior M&A Advisor, Bryce Gray established the initial relationship with Clearwater Construction & Management, LLC.

Ryan Binkley, CEO of Generational Group, added, “We were honored to advise both parties through this transaction. Reaching a successful closing required thoughtful collaboration from everyone involved, and we are pleased to see the deal come together in a way that supports the company’s continued growth.”

About Generational Group

Generational Group, headquartered in Dallas, TX, is a leading, award winning full-service M&A advisory firm. Generational has over 350 professionals across 17 offices in North America. The firm empowers business owners to unlock the full value of their companies through a comprehensive suite of services—including M&A advisory, exit planning education, business valuation, strategic growth advisory, wealth advisory, and digital solutions.

Celebrating its 21^st year, Generational has successfully closed over 1,900 transactions and has ranked #1 or #2 in all LSEG league tables for deals valued between $25 million and $1 billion in 2024 and 2025.

The firm was named 2025 USA Investment Banking Firm of the Year by the Global M&A Network and recognized as Investment Banking Firm of the Year by The M&A Advisor in 2024 and 2025.