Kingsway Financial Services Inc. Acquires Roundhouse Electric & Equipment Co. for $22.4 Million to Expand Service Reach in Permian Basin

Reuters

2025/07/02

<a href="https://laohu8.com/S/KFSYF">Kingsway Financial Services Inc.</a> Acquires Roundhouse Electric & Equipment Co. for $22.4 Million to Expand Service Reach in Permian Basin

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.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Kingsway Financial Services Inc. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 1045009) on July 02, 2025, and is solely responsible for the information contained therein.

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Acquires Roundhouse Electric & Equipment Co. for $22.4 Million to Expand Service Reach in Permian Basin","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      <a href=\"https://laohu8.com/S/KFSYF\">Kingsway Financial Services Inc.</a> Acquires Roundhouse Electric &amp; Equipment Co. for $22.4 Million to Expand Service Reach in Permian Basin\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Kingsway Financial Services Inc. has announced the acquisition of Roundhouse Electric &amp; Equipment Co., Inc., a prominent provider of industrial-scale electric motor maintenance, repair, testing, and sales solutions based in Odessa, <a href=\"https://laohu8.com/S/TCBIL\">Texas</a>. 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Acquires Roundhouse Electric & Equipment Co. for $22.4 Million to Expand Service Reach in Permian Basin\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-07-02 19:30</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      <a href=\"https://laohu8.com/S/KFSYF\">Kingsway Financial Services Inc.</a> Acquires Roundhouse Electric &amp; Equipment Co. for $22.4 Million to Expand Service Reach in Permian Basin\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Kingsway Financial Services Inc. has announced the acquisition of Roundhouse Electric &amp; Equipment Co., Inc., a prominent provider of industrial-scale electric motor maintenance, repair, testing, and sales solutions based in Odessa, <a href=\"https://laohu8.com/S/TCBIL\">Texas</a>. 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.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 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ID: 1045009) on July 02, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4107","symbol_name":"财产与意外伤害保险","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250702:nNDL4nKn6K:1","article_id":"2548994808","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2548994808","pubTimestamp":1751455837,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Kingsway Financial Services Inc. 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