Kingsway Financial Services Inc. has announced the acquisition of Roundhouse Electric & Equipment Co., Inc., a prominent provider of industrial-scale electric motor maintenance, repair, testing, and sales solutions based in Odessa, Texas. The transaction, which closed on July 1, 2025, involved a purchase price of $22.4 million, funded with $10.4 million in cash and $11.0 million from a senior credit facility. Roundhouse, known for its strong growth prospects and recurring revenue model, aligns well with Kingsway's strategic vision. Miles Mamon, Kingsway's Operator-in-Residence, will take on the role of CEO at Roundhouse, while Lee Hudson will remain as President. The acquisition marks Kingsway's ninth transaction under its Search Xcelerator platform.
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