Generational Group, a leading mergers and acquisitions advisory firm for privately held businesses, has announced the sale of Clearwater Construction & Management LLC to Kelso Industries. The acquisition closed July 23.
Headquartered in Draper, 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.
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.