Generational Equity Advises Mainstay Engineering Group in its Sale to Katalyst Capital

By Generational Equity


Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, Mainstay Engineering Group, Inc., to Katalyst Capital LLC. The acquisition closed January 10, 2022.

Headquartered in Blue Bell, Pennsylvania, Mainstay Engineering Group (Mainstay) performs structural design, civil design and land development services to owners, manufacturers, developers and design professionals. Founded in 2002 with satellite offices in Cherry Hill, New Jersey and Raleigh, North Carolina, Mainstay is licensed to provide engineering services in 35 states. Utilizing a unique, multi-disciplined thought approach, their goal is to bring superior value to projects by delivering top-notch service while anticipating the client’s needs and minimizing cost and time.

Katalyst Capital (Katalyst), located in Winnetka, Illinois, invests in high-growth companies in a wide range of industries with a primary focus on business services, infrastructure and training. Their independent, patient capital base and entrepreneurial approach make them an ideal partner for small to mid-sized, independent companies poised for accelerated growth. They believe that their growth-oriented and partnership-driven model results in stronger companies that employ the best people, are socially responsible and deliver strong results over the long term.

“Through our partnership with Katalyst we’ve found a like-minded partner that mirrors our commitment to consistent quality and excellent service,” said Matt Hilbush, President of Mainstay Engineering. “Together, we will continue to build on our solid foundation, and look forward to leveraging the additional resources and expertise to support our growth, deliver industry-leading results for our staff and clients, and meet the increased demand in the marketplace.”

Greg Buzzell, Managing Partner at Katalyst Capital, added “Over the past 20 years Mainstay has earned a reputation for delivering creative, high-quality solutions paired with exceptional service. This partnership represents our belief in and commitment to the Mainstay team, and to the potential of the broader engineering services industry. We believe that with the backing of Katalyst Capital, Mainstay’s growth will accelerate, and we look forward to continuing our partnership with Matt Hilbush and the Mainstay team as they embark on their next chapter.”

Generational Equity Executive Managing Director, M&A-Technology Practice Leader, David Fergusson, and his team, led by Senior M&A Advisor, James Nelson, with the support of Managing Director, M&A, Corey Painter, successfully closed the deal. Senior Managing Joe Van Voorhis established the initial relationship with Mainstay.

“It was a great pleasure being the Dealmaker for Mainstay Engineering. Upon understanding precisely what our client, Matt Hilbush (CEO & President, Mainstay Engineering), was looking for in a buyer, I was confident Katalyst Capital would be a great fit to partner with Mainstay.”

Nelson added, “Throughout the closing process, I was extremely pleased to see both parties’ commitment to collaboration and excellence. I have immense confidence that together, Mainstay and Katalyst can achieve great success and growth together.”

About Generational

Headquartered in Dallas, Generational is one of the leading M&A advisory firms in North America.

With more than 350 professionals located throughout 17 offices in North America, the companies help business owners release the wealth of their business by providing growth consulting, merger, acquisition, and wealth management services. Their six-step approach features strategic and tactical growth consulting, exit planning education, business valuation, value enhancement strategies, M&A transactional services, and wealth management.

The M&A Advisor named the company Investment Banking Firm of the Year three years in a row, Valuation Firm of the Year in 2020, and North American Investment Bank of the Year in 2022 as well as Consulting Firm of the Year. For more information, visit