Hales Engineering Sells to Salt Brothers Holdings, Guided by Generational Group
Deal News | Nov 27, 2024 | Generational Equity
In a significant move within the transportation consultancy sector, Hales Engineering, a renowned firm based in Lehi, Utah, specializing in traffic engineering and transportation planning, was acquired by Salt Brothers Holdings, LLC. The transaction, concluded on April 26, 2024, was skilfully managed by the Generational Group, an M&A advisory firm with expertise in facilitating deals for privately held companies. Hales, a company with over two decades of experience and a well-regarded reputation for delivering innovative and cost-effective solutions, has developed enduring client relationships thanks to its commitment to quality and customer service. Through strategic leadership by Lori Galloway of Generational Group, along with key efforts from Fred Zweifel and the foundational relationship work by James Carr, the sale was successfully executed.
Sectors
- Engineering Services
- Mergers & Acquisitions
Geography
- United States – The companies involved, Hales Engineering and Salt Brothers Holdings, are based in the United States.
- Utah – Hales Engineering is located in Lehi, Utah, making it geographically significant to the transaction.
Industry
- Engineering Services – The article focuses on Hales Engineering, a firm specializing in traffic engineering and transportation planning.
- Mergers & Acquisitions – The transaction of Hales Engineering's acquisition was facilitated by the Generational Group, emphasizing the M&A sector.
Financials
- Not Disclosed – The financial details of the transaction between Hales Engineering and Salt Brothers Holdings were not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Hales Engineering, LLC | Target Company | Company | Hales Engineering, based in Lehi, Utah, specializes in traffic engineering and transportation planning. |
| Salt Brothers Holdings, LLC | Bidding Company | Company | Salt Brothers Holdings is the acquiring company of Hales Engineering. |
| Generational Group | Advisor | Company | Generational Group is an advisory firm facilitating mergers and acquisitions for privately held businesses. |
| Lori Galloway | Executive Managing Director, M&A, Western Region | Person | Lori Galloway led the transaction advisory for Generational Group. |
| Fred Zweifel | Senior Managing Director, M&A | Person | Fred Zweifel was part of the team closing the transaction for Generational Group. |
| James Carr | Senior Managing Director | Person | James Carr established the initial relationship with Hales Engineering for Generational Group. |