Generational Capital Markets (GCM), a member of FINRA/SIPC and a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of Roundhouse Electric & Equipment Co., Inc. to Kingsway Financial Services. The acquisition closed July 1, 2025.

Located in Odessa, Texas, Roundhouse Electric & Equipment Co., Inc. provides mission-critical services, including field maintenance and testing as well as in-shop motor repair, primarily to midstream natural gas pipeline operators and utilities across the Permian Basin. The company’s operations are characterized by strong customer retention, excellent response times, and meaningful integration into client workflows. Roundhouse's mission-critical field services and shop repair capabilities make it the vendor of choice for leading natural gas infrastructure providers.

Located in Chicago, Illinois, Kingsway Financial Services is the only publicly-traded US company employing the Search Fund model to acquire and build great businesses. Kingsway owns and operates a collection of high-quality B2B and B2C services companies that are asset-light, growing, profitable, and that have recurring revenues. Kingsway seeks to compound long-term shareholder value on a per share basis via its decentralized management model, its talented team of operators, and its tax-advantaged corporate structure.

“Roundhouse is a perfect fit for the Kingsway Search Xcelerator platform,” said JT Fitzgerald, Kingsway’s President and CEO. “Roundhouse is a growing, capital-light, high-recurring revenue business with a seasoned team, a strong culture, and deep customer relationships. Kingsway is thrilled to partner with the entire Roundhouse organization to continue building on their legacy of service and growth.”

“I am honored to join the Roundhouse team,” said Miles Mamon, incoming CEO of Roundhouse. “Lee and Armando have built an extraordinary business with unmatched field service capabilities, rapid response times, and long-standing customer trust. I am excited to work with Lee and everyone at Roundhouse to expand our reach and impact across the Permian Basin and beyond.”

Ryan Binkley, CEO of Generational Group, added, “This transaction reflects our dedication to delivering deals that generate long-term value for all involved. At Generational Group, we’re proud to have helped unite two companies well-positioned for continued growth and success.”

Generational Capital Market’s President and Supervising Principal, Brenen Hofstadter and his team, led by Senior Managing Director, M&A, Chris Heckert with the support of Vice President, M&A, Troy Blakely, successfully closed the deal. Senior Managing Director, DeWayne Nelon and Senior M&A Advisor, Mike Moore established the initial relationship with Roundhouse Electric & Equipment Co., Inc.

About Generational Capital Markets, Inc.

Generational Capital Markets, Inc. is a member of FINRA/SIPC. Generational Capital Markets is part of Generational Group, which is headquartered in Dallas, TX, and is a leading, award winning full-service M&A advisory firm. Generational Group has over 300 professionals across 16 offices in North America. The firm empowers business owners to unlock the full value of their companies through a comprehensive suite of services—including strategic growth consulting, exit planning education, business valuation, value enhancement strategies, M&A advisory, digital solutions, and wealth management.

Celebrating its 20^th year, Generational Group has successfully closed over 1,700 transactions and consistently ranks #1 or #2 in all LSEG league tables for deals valued between $25 million and $500 million.

The firm was named 2024 USA Investment Banking Firm of the Year by the Global M&A Network and recognized as Investment Banking Firm of the Year by The M&A Advisor in both 2024 and 2022.

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