–News Direct–
Canter Power Systems (Canter), a Generac Power Pro Premier dealer, and one of the largest independent installers and service providers of residential backup power generators in the U.S., is pleased to announce the acquisitions of GenerX Generators (GenerX) and Midwest Electric and Generators (Midwest).
Headquartered in Oldsmar, Florida, GenerX is Floridas leading full-service generator installation and services company. Proudly serving all of Tampa, central and southern Florida across eight branch locations, for over 20 years, GenerX is a trusted partner to more than 22,000 generator customers, while also making more than 12,000 inspection, maintenance and service visits per year.
Based in Elk River, Minnesota, Midwest is the premier installer and service provider to generator customers throughout the Midwest, serving more than 6,000 customers and providing generator installation, inspection, maintenance and repair services across Minnesota, Wisconsin and North Dakota.
Similar to Canter, both GenerX and Midwest are Generac Power Pro Premier dealers and together the combined companys more than 275 dedicated team members, including more than 175 installation and service technicians, will serve more than 50,000 customers across fifteen states. The transactions expand Canter into the Midwest and significantly bolsters its installation and service capabilities throughout Florida.
GenerX will continue to be led by its Founder and President, Mark Costis, who will also continue to retain an ownership stake in the combined company. Since its founding, GenerX has upheld a singular commitment to excellence, technical expertise, and quality service to ensure each and every customers power stays on and their families stay safe through power outages, said Costis. We could not have found a better partner than Canter and Im incredibly excited to share the news of this amazing new organization that we have created.
Through this combination, we will be able to provide customers with faster, more efficient service across an expanded geographic footprint, setting a new benchmark for customer satisfaction and service quality across the residential backup power solutions industry, said Brian Lopatka, CEO of Canter. To have the opportunity to partner with the GenerX and Midwest teams is a dream come true for me. This only further solidifies our position as the premier, nation-wide generator installation and service company.
It provides me with great pride knowing that the company I founded and built over more than a decade, and our employees and customers will continue to be supported by such a well- rounded organization that is poised for significant growth, said John Anderson, Midwests founder.
GenerX and Midwest represent transformational acquisitions, providing Canter with market leadership positions in both new generator installation and inspection, maintenance and repair services. Expanding our footprint and field service capabilities are key components of Canters value creation plan and Canters acquisition strategy will continue to focus on partnering with similar companies in new geographic markets added Ryan Aprill, a Principal at Rotunda.
About Canter Power Systems
Canter Power Systems is a Generac Power Premier Pro dealer and one of the largest independent installers of home standby generators in the U.S. Canter Power Systems solution capabilities include residential backup generator systems, battery storage technology and preventative maintenance and residential field services. Canter Power Systems has a long list of accomplishments, including being Home Depots largest national residential generator installer since 2007, being named Home Depot Service Provider of the Year in 2022, and receiving the Generac Industry Excellence Award in 2021 and 2022, all while maintaining Generacs Power Premier Pro Status since 2016. For more information, visit www.canterpowersystems.com.
About Rotunda Capital Partners
Rotunda Capital Partners is an operationally oriented private equity firm focused on transforming family-founder owned companies into dynamic, data-driven platforms able to achieve and manage significant growth. Since its founding in 2009, Rotunda has partnered with management teams to build great businesses within three primary sectors: value-added distribution, asset-light logistics and industrial, business & residential services. Rotunda strives to achieve replicable results by implementing its Rotunda Performance System to create strategic alignment, develop lean processes and create robust, data-driven infrastructures. For more information, visit www.rotundacapital.com.
Contact Details
Rotunda Capital Partners
Margaux G Valle
+1 240-499-3362
Company Website
https://www.rotundacapital.com
View source version on newsdirect.com: https://newsdirect.com/news/canter-power-systems-generx-generators-and-midwest-electric-and-generators-combine-to-form-national-residential-services-platform-354975571
Rotunda Capital Partners LLC
COMTEX_443093799/2655/2023-11-07T09:30:39
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