Generational Equity Advises United Right-of-Way in its Sale to Montage Partners

By Generational Equity


Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, United Right-of-Way (URW), to Montage Partners. The acquisition closed April 10, 2020 and details were not disclosed.

Located in Phoenix, Arizona, URW was formed in 1994 and has since evolved from a local landscaping business to a national company providing complex vegetation and landscape management solutions to government agencies, solar energy operators, railroads, and industrial companies. With more than 40,000 acres serviced annually, URW provides herbicide management services to some of the largest utility-scale solar farms in the United States, where unwanted foliage can disrupt operations and create safety hazards.

Founded in 2004 and located in Scottsdale, Arizona, Montage Partners is a people-first private equity firm dedicated to helping established businesses reach transformative growth. Since inception, the firm has invested in 17 companies, which represent more than 1,175 employees and total over $275 million in combined revenue. Above all other investment criteria, Montage Partners invests in exceptional people. Montage Partners is actively seeking new investments in companies in the U.S. with EBITDA between $1 million and $5 million.

Generational Equity Executive Managing Director of M&A – Western Region, Stephen Crisham, led by Vice President Mergers & Acquisitions, Cole Preston, with support from Vice President – Western Region, Bo Zhao, successfully closed the deal. Senior Managing Director Terry Stidham established the initial relationship with URW.

According to Mr. Zhao, “The goal during the whole process was to find a buyer that let each of the owners of URW achieve their personal goals. We were glad to find Montage to help the owners achieve their desired objectives.”

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