Smith Excavating, LLC Acquired by Enceladus Partners

We are pleased to announce the sale of our client, Smith Excavating, LLC, to Enceladus Partners.

Headquartered in Winston-Salem, North Carolina, Smith Excavating, LLC is a second-generation, family-owned company specializing in annual right-of-way vegetation management, infrastructure asset repair & maintenance, and industrial site services. With over 20 years of experience, the company primarily services government, utility, and infrastructure customers throughout the Mid-Atlantic region. Committed to quality and safety, Smith Excavating leverages proprietary technology and advanced equipment to provide a white glove service ensuring utility systems operate efficiently and sustainably.

Enceladus Partners is a private investment firm focused on acquiring and growing lower middle-market businesses. With a long-term, partnership-oriented approach, the firm collaborates with business owners and management teams to drive sustainable growth and operational excellence. Enceladus Partners brings strategic expertise, industry knowledge, and a commitment to preserving the legacy of the companies it invests in.

Generational Group Executive Managing Director, M&A, Eastern Region – David Fergusson, and his team led by Managing Director, M&A, Jack Sluiter, with the support of Senior Vice President, M&A, Tristan Keeffe, successfully closed the deal. Senior Managing Director, Doug Morrow and Senior M&A Advisor, Bryce Gray established the initial relationship with Smith Excavating, LLC. Additionally, Senior Growth Strategist, Steve Carter led the strategic growth plan for Smith Excavating, LLC.

“I am very happy to see another great client successfully monetize their years of hard work and personal investment,” said Sluiter. “This is a transformative step in the Company’s history, and we’re excited for the future of Smith Excavating.”

Ryan Binkley, CEO of Generational Group, added, “This transaction shows our dedication to meaningful, long-term partnerships. It brings together partners who share a common vision and are ready to continue their growth together.”