Generational Group Advises Bailey Engineering in Sale to Wapiti Holdings

The acquisition closed on January 7, 2026, with Generational Group leading the deal.

Published on Feb. 17, 2026

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Generational Group, a mergers and acquisitions advisory firm, announced the sale of Bailey Engineering, Inc., an Idaho-based civil engineering firm, to Wapiti Holdings LLC, a private investment and operating company. Generational Group's team, led by Lori Galloway and Fred Zweifel, successfully closed the deal, which aligns with Wapiti Holdings' strategy of acquiring and growing high-quality, service-based businesses in the Rocky Mountain West.

Why it matters

This transaction highlights Generational Group's expertise in facilitating successful mergers and acquisitions for privately held businesses, enabling them to unlock the full value of their companies. It also demonstrates Wapiti Holdings' commitment to partnering with experienced management teams to preserve legacy brands while investing in operational excellence and sustainable growth.

The details

Bailey Engineering, Inc. is a long-standing, full-service civil engineering firm in Idaho's real estate development industry, partnering with the area's largest residential builders. Wapiti Holdings LLC is a privately held investment and operating company focused on acquiring and growing high-quality, service-based businesses in the Rocky Mountain West.

  • The acquisition closed on January 7, 2026.

The players

Generational Group

A leading mergers and acquisitions advisory firm for privately held businesses, headquartered in Dallas, Texas.

Bailey Engineering, Inc.

A long-standing, full-service civil engineering firm in Idaho's real estate development industry, based in Eagle, Idaho.

Wapiti Holdings LLC

A privately held investment and operating company focused on acquiring and growing high-quality, service-based businesses in the Rocky Mountain West, headquartered in Idaho Falls, Idaho.

Lori Galloway

Executive Managing Director, M&A, Western Region at Generational Group, who led the team that successfully closed the deal.

Fred Zweifel

Senior Managing Director, M&A at Generational Group, who was part of the team that led the deal.

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What they’re saying

“Our client ultimately selected Wapiti Holdings because of the buyer's visionary strategy and industry expertise.”

— Lori Galloway, Executive Managing Director, M&A, Western Region (Generational Group)

“This transaction highlights our dedication to meaningful partnerships that generate long-term value. It aligns partners around a shared vision and positions the organization for continued growth.”

— Ryan Binkley, CEO (Generational Group)

The takeaway

This acquisition demonstrates Generational Group's expertise in facilitating successful mergers and acquisitions for privately held businesses, enabling them to unlock the full value of their companies. It also highlights Wapiti Holdings' commitment to partnering with experienced management teams to preserve legacy brands while investing in operational excellence and sustainable growth.